What They Dont Teach You At Stanford Business School

Stuff you can't learn in B-school: LARRY CHIANG

Evan Spiegel And Bobby Murphy Say Alleged Snapchat Co-Founder Never Had Equity

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Stanford Kappa Sigs in Turmoil?

TechCrunch

Snapchat co-founders Evan Spiegel and Bobby Murphy have said in new court documents that alleged co-founder Reggie Brown never had equity in the company.

In February, Brown filed a suit against Snapchat claiming that he has been robbed of his stake of the company. Since then, we’ve heard from sources and court documents that Brown was heavily involved in the early stages of the company. Spiegel has even admitted that Brown came up with the idea for a disappearing-messages app.

Now, we’ve learned that, despite his significant involvement, Brown may not have had equity in Snapchat.

In the summer of 2010, Evan Spiegel and Bobby Murphy had just completed their sophomore and senior years at Stanford, respectively. They were working on a startup called Future Freshman that would help high school kids get advice and help with applying to colleges.

Spiegel and Murphy split equity in the startup, but it…

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Written by Larry Chiang

March 1, 2014 at 5:11 pm

Posted in Uncategorized

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