CEO Evan Spiegel and co-founder and CTO Bobby Murphy will control 74% after it goes public.
For comparison purposes, after their IPOs, Google’s Page and Brin controlled 41% of the company, while Zuck controlled 56% of Facebook. So it’s substantially higher.
Some people may not like that structure, but after all, it is the man who turned down $3 billion from Facebook – which was considered absurd by most investors just a few years ago – and is now staring at a valuation reportedly between $25 billion and $35 billion.
Snap’s growth is impressive, and while it is possible that Snap generates $1 billion in revenue next year, it only saw revenue of ~$360 million for this year.
For comparison purposes, Twitter’s market cap is just $12.9 billion.
