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At twenty-one years old, product design student Evan Speigel developed the social network Snapchat. Just two years later, he shocked the world by turning down a three-billion-dollar offer from Facebook. This is the inside story on how Snapchat grew from a dorm room idea into a multi-billion-dollar company.Penguin Readers is a series of the best new fiction, essential non-fiction and popular classics written for learners of English as a foreign...

BILLY GALLAGHER is an MBA candidate at Stanford's Graduate School of Business. He has worked in venture capital and as a writer at TechCrunch, which he joined as a Stanford sophomore, writing a profile of a popular startup on campus: Snapchat. Billy wrote over a dozen exclusive pieces on Snapchat. His writing has also appeared in the New York Times and Playboy.

In the grand tradition of Ben Mezrich's The Accidental Billionaires (2009)... an engaging look into a fascinating subculture of millions." -Booklist"Breezy...How to Turn Down a Billion Dollars ably if uncritically chronicles the short history of a young company catering to young users, with a young chief executive, and reveals, intentionally or not, the limitations that come with that combination." -Wall Street JournalThe improbable and exhila...

When he was just twenty-three years old, Evan Spiegel, the brash CEO of the social network Snapchat, stunned the world when he and his co-founders walked away from a three-billion-dollar offer from Facebook: how could an app teenagers use to text dirty photos dream of a higher valuation? Was this hubris, or genius?In How to Turn Down a Billion Dollars, Billy Gallagher takes us inside the rise of one of Silicon Valley’s hottest start-ups. Snapc...