How to Turn Down a Billion Dollars: The Snapchat Story

by Billy Gallagher

As everyone streamed into the house, the music blared and the liquor flowed. All of the furniture in the house had been taken out and replaced with bars or dance floors. The outside deck was covered in people, bars, and heat lamps. People who hadn’t been lucky enough to be invited snuck into the party through a hole in the fence. Inside, partygoers talked with old classmates, danced, and scoured the crowd for a midnight kiss. Upstairs, Evan had created a sectioned-off VIP area, with more bars and friends. It was a house party on steroids, with one hundred, maybe two hundred people crammed into Snapchat’s new headquarters to sip champagne and ring in the New Year. John Spiegel stopped by the party, saying hi and congratulating Evan, Bobby, David, Daniel, and Evan’s girlfriend at the time. He chatted with some of Evan’s friends he had met over the years, sharing a sense of bewilderment over how quickly his son’s crazy scheme had taken off. John had worked his way up a very traditional ladder, climbing from the law review to a Supreme Court clerkship to becoming an extremely successful litigator. Evan had eschewed a bachelor’s degree from Stanford to focus on his seemingly quixotic business. Everything seemed to be going perfectly.