Evan Spiegel admitted in court papers that the idea for Snapchat's disappearing photos came from his Stanford fraternity brother Reggie Brown. Weeks after the app launched as Picaboo, Brown was locked out. This episode follows the whole story: the idea, the summer in Los Angeles, the row over shares, the lawsuit and the depositions, the three billion dollars Spiegel reportedly turned down from Facebook, the settlement, and the 157.5 million dollar payment that Snap's stock market filing recorded without naming Brown.
Founder Stories tells the story of one founder per episode, told plainly and in order.
