Facebook Inc’s (FB) Chance To Be Cool Again?

facebookEvan Spiegel dropped out of Stanford in 2012 to focus more on an app he helped create: Snapchat. It allows users to send text and videos that then disappear, leaving no trace and no possibility of being shared by others across the web.  After droppoing out of college Spiegel moved in with his father and used some of the $70 million the company has garnered in venture funding to continue to build out the app.

According to his bio on Snapchat’s website, Evan dipped his toes into software development while in high school “developing simulators and video game emulators” before moving on to more complex websites he would build for freinds and family. The young tech hot shot now serves on President Obama’s Council on Technology and Media and apparently has finished up his degree at Stanford.

Yesterday Spiegel and Snapchat reportedly rejected a $3 billion, all-cash takeover offer from Facebook Inc (NASDAQ:FB). The company has about 20 employees and no revenue stream but, according to the Wall Street Journal, Spiegel says he won’t consider any offers until at least next year.

Watch the video below for more details:

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