It's not 100 per cent clear to me what's working about Snapchat.
It's not 100 per cent clear to me what's working about Snapchat. Great, teenagers can use it to get laid all day long. I don't care. I'm 42, essentially married with a kid. I don't give a s--- about this.
My mom started an air-freight company; my grandmother built a golf course. I have a certain degree of entrepreneurial risk-taking in my family history. Maybe that eventually rubbed off on me a little bit.
Going public is 18-month process, while an acquisition is a 6-month process. Going public means going under so much scrutiny, regulatory approval, auditing, magnified 10 times. Having the stomach to do that isn't necessarily in my DNA. My DNA is building a product and a service.
Booker T. Washington