Instead of dancing into the sunset, Spiegel did the unthinkable, turning down a $3 billion offer from Facebook (FB) and then a $4 billion bid from Google (GOOG). A college dropout running a company with almost no assets, no revenue and a mountain of legal problems, Spiegel is betting Snapchat can transcend the stigma of the "next big thing" and become an industry unto its own.


hope he ends up broke in 5 years and snap chat is taken down because it's a teen sexting app