10 years ago
2
Snapchat lawsuit tells a common tale: A start-up can have its Winklevosses
In the spring of 2011, Reggie Brown was a junior at Stanford when he approached a friend with an idea: an ephemeral text-messaging service that would delete photos automatically, seconds after they were received. The friend, Evan Spiegel, allegedly replied, “That’s a million-dollar idea,” and the two decided to recruit a third partner and build it.
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They got together, plotted to screw him out of the company that was based on his idea, kicked him out and moved forward without him. Money changes certain people, its sad.
It's pathetic, but I have a feeling he will get his fair share. I can't believe that he was willing to settle for 20%, giving the other two 40% each.