Steven

So how did you get past Future Freshman to your next business? What was the journey from there? So you'd met your co-founder at that point, Bobby. And how did you then move over to the idea of Snapchat?

And was that more than anything a feeling you had? Like a feeling of just, I'm not enjoying doing this every day, opening my emails, thinking about this problem?

And was that more than anything a feeling you had? Like a feeling of just, I'm not enjoying doing this every day, opening my emails, thinking about this problem?

Hmm. Yes, we were very good at not listening to them. I think because of parents and other pressures, right, to continue doing something. So then how did you get from there, from being in Cape Town, to the idea for Snapchats?

Hmm. Yes, we were very good at not listening to them. I think because of parents and other pressures, right, to continue doing something. So then how did you get from there, from being in Cape Town, to the idea for Snapchats?

LAURENCE MORONEY- One of the things you said there is that you were using people around you, your friends, to give you feedback on what features you should add next. You said people wanted to write on it and they wanted to add captions. As a founder, that must be quite hard because you're getting lots of feedback to change lots of things all the time.

LAURENCE MORONEY- One of the things you said there is that you were using people around you, your friends, to give you feedback on what features you should add next. You said people wanted to write on it and they wanted to add captions. As a founder, that must be quite hard because you're getting lots of feedback to change lots of things all the time.

How do you know what to filter as good feedback that you'll implement versus a distraction or bad feedback? Is there a framework at all that you've had to deploy?

How do you know what to filter as good feedback that you'll implement versus a distraction or bad feedback? Is there a framework at all that you've had to deploy?

So it was a year from the idea to the day when you raised capital for the first time, roughly. Yeah, more or less. And talk me through that. So how much did you raise? How did you go about raising the capital? And what was the business like at that time in terms of users and downloads?

So it was a year from the idea to the day when you raised capital for the first time, roughly. Yeah, more or less. And talk me through that. So how much did you raise? How did you go about raising the capital? And what was the business like at that time in terms of users and downloads?

Do you remember feedback you got from investors at that early stage? I think this is important because all founders are going to get the email that tells them that they're not onto something. Yeah.

Do you remember feedback you got from investors at that early stage? I think this is important because all founders are going to get the email that tells them that they're not onto something. Yeah.

I mean, there's some wisdom in that.

I mean, there's some wisdom in that.

Because the odds anyway of building a social networking app are extremely low. We were saying before we started recording that you've got to be almost delusional to think that you can.

Because the odds anyway of building a social networking app are extremely low. We were saying before we started recording that you've got to be almost delusional to think that you can.

In that first year up until the point that you raised that money, did you ever doubt that Snapchat was going to work? And I guess to understand the question a bit more, you almost have to add a goal or ambition to it. So I'm presuming you wanted it to be and thought it could be a company. Did you ever doubt that it would be? Was there anything that ever happened in that first year?

In that first year up until the point that you raised that money, did you ever doubt that Snapchat was going to work? And I guess to understand the question a bit more, you almost have to add a goal or ambition to it. So I'm presuming you wanted it to be and thought it could be a company. Did you ever doubt that it would be? Was there anything that ever happened in that first year?

How and why was it growing? Was it a marketing campaign or was it organic?