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Evidence receipt / belief

Published · transcript-backed

Ben Gilbert: belief

23 May 2016 Acquired Snapchat

“At which point, Evan is furiously refreshing his Wells Fargo app I think in class, as the story goes.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
23 May 2016
Publisher
Acquired
Episode
Snapchat

Transcript context

…Yup, on GC today. So they raised a seed round, $485,000 from Lightspeed at $4.25 million valuation. I think that was the pre-money. But effectively Lightspeed gets about 10 percent of the company for less than $500,000. At which point, Evan is furiously refreshing his Wells Fargo app I think in class, as the story goes. And as soon as he watches it hit, he walks down, he says goodbye to the professor and he drops out of class or drops out of Stanford months before graduating. Yup. It’s April. Graduation is in May/June. He literally drops the mic in the middle of class – this is according to Evan – once the money hits the bank account and walks out the door and never comes back.…

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