Steven

And I'm guessing you didn't want to join a big company at that point.

Was there ever a day where you doubted that decision? No. Not even a moment?

Was there ever a day where you doubted that decision? No. Not even a moment?

No. Was, were all of the board supportive?

No. Was, were all of the board supportive?

I mean, there's a lesson in there as well for founders who are considering taking, as they say, taking some off the table. I got a voice note from her. I was actually listening to it this morning and I responded to her this morning.

I mean, there's a lesson in there as well for founders who are considering taking, as they say, taking some off the table. I got a voice note from her. I was actually listening to it this morning and I responded to her this morning.

A friend of mine whose business was, I think it was at the top of the market in 2020, was set for an IPO and her board and investors and everyone was telling her that it's going to be a billion dollar business and that she should carry on going. She approached me and asked me if I would buy some shares off her. I took a look at the business and I valued it at a quarter of a million.

A friend of mine whose business was, I think it was at the top of the market in 2020, was set for an IPO and her board and investors and everyone was telling her that it's going to be a billion dollar business and that she should carry on going. She approached me and asked me if I would buy some shares off her. I took a look at the business and I valued it at a quarter of a million.

Sorry, a quarter of a billion. So 250 million very different numbers. And her investors around her were telling her it was worth something else. So she'd sent me a voice note, which is now four years later this morning, saying, thank you for that, Stephen, because although we didn't end up doing a deal with you, you put this idea in my head that I could be being...

Sorry, a quarter of a billion. So 250 million very different numbers. And her investors around her were telling her it was worth something else. So she'd sent me a voice note, which is now four years later this morning, saying, thank you for that, Stephen, because although we didn't end up doing a deal with you, you put this idea in my head that I could be being...

basically having a story sold to me. So what I ended up doing a couple of months after our conversation is I sold some shares. And obviously, you know what happened in 2020 with the markets and eventually everything comes crashing down. And she says, I would be losing my mind now because the company's struggling and obviously the markets have changed if I hadn't have taken some off the table.

basically having a story sold to me. So what I ended up doing a couple of months after our conversation is I sold some shares. And obviously, you know what happened in 2020 with the markets and eventually everything comes crashing down. And she says, I would be losing my mind now because the company's struggling and obviously the markets have changed if I hadn't have taken some off the table.

And she was sending a voice note four years later to say thank you for putting that seed in their head. And I hear the same with you. I hear that you took some money off the table. It changed your decision framework. But also you just never know.

And she was sending a voice note four years later to say thank you for putting that seed in their head. And I hear the same with you. I hear that you took some money off the table. It changed your decision framework. But also you just never know.

Are you and Mark friends? You said you know him.

Are you and Mark friends? You said you know him.

Those look fun. She tried sometimes. No chance. No chance. By 2014... When you were 24 years old, 40% of US adults were using Snapchat every day. And by 2015, Snapchat was reaching 75 million users on a monthly basis. At that point, what's life like for you as a CEO, as a founder?

Those look fun. She tried sometimes. No chance. No chance. By 2014... When you were 24 years old, 40% of US adults were using Snapchat every day. And by 2015, Snapchat was reaching 75 million users on a monthly basis. At that point, what's life like for you as a CEO, as a founder?

2014, 2015. You became the world's youngest billionaire at the age of 25, just four years after launching Snapchat, with an estimated net worth of $4 billion at the time.