The world was naturally surprised when last year Snapchat rejected a $3 billion acquisition offer from Facebook and then reportedly a $4 billion acquisition offer from Google. Like everyone, I was intrigued why Evan Spiegel and Bobby Murphy, the twenty-something co-founders of Snapchat courageously turned down the offers. Publicly, they declared, “There are very few people in the world who get to build a business like this. Trading that for some short term gain isn’t very interesting.”.
Ah ! that was courageous and inspiring. I knew that, very few people in the world can take such decisions, and I badly wanted to meet them. During January this year, I flew to Snapchat office just to ask the CEO what makes them fearless, and mission-driven? I didn’t have an appointment, but I was naive to believe in my guts.
Guess what happened then! The security officer said, “You cannot meet the CEO since nobody is expecting you. Can you call on this number between 10-11 AM next week?”. I did exactly the same, and invited them to come to MIT Sloan through the Entrepreneurship and Innovation club. Thanks to Gerrit Hall, and Tom Lindma (great mentors and earlier co-presidents). Snapchat was kind enough to consider my proposal and on February 4, an eureka moment happened when Bobby Murphy delivered a talk that was very notable in the history of the year 2014 at MIT Sloan.
Later, I was able to meet Bobby over dinner (he was kind to consider me for this, and another blog can be written on how it happened). It was a month long chase, but my classmates Yanfeng Liu and David Zhu, Rishi Khaitan (Sloan Alum), and Setu Saurabh (a close friend from IIMA) stood for me even though we knew, “we may fail”. The team prepared over 200 hours leaving no stones unturned for over a month just for this 40 minutes dinner, which later lasted for 70 minutes. I felt that I was able to put through my point during the dinner, and Bobby was kind to approve my academic study with his company. He mentioned that, he would be personally mentoring me on this project. It was personal and humbling experience when a TIME 30 Under 30 person tells you this! Dena Gallucci, another mentor at Snapchat, has been super helpful considering me with number of requests, and I fully understand, it has not been easy for her.
Because of MIT, I have been able to meet over 25 CEO’s who are changing the world, but Bobby Murphy has inspired me the most. He leads without authority – he is intelligent, humble and mission-driven, which is akin to what MIT leadership is about. I believe that the world needs more people like him and more companies like Snapchat!
And, yes, thank you, Rod Garcia, Senior Admissions Director of MIT Sloan, for accepting me to our MBA Class. This journey is an inflection point in my life and I know I will never be able to thank you enough for your belief in me and giving me admission to MIT Sloan.
Thanks again.
Warm Regards,
Pawan Gupta
With love to MIT and Snapchat – These 2 are wonderful inventions of the world !