'Frank’ comes from the Medieval Latin ‘francus,’ meaning “free.”
So, to be frank is to be marked by free, forthright, and sincere expression.
‘France’ and ‘franchise’ also come from the same root word.
At 23 he said no to $3 billion in cash from Mark Zuckerberg, and explained it in one sentence:
"Trading that for some short-term gain isn't very interesting."
His name is Evan Spiegel. In 2013 Snapchat had no revenue and Facebook offered to buy it outright for $3 billion. He turned it down.
Facebook then copied Snapchat's biggest feature into Instagram. Almost everyone said he had just made the worst decision in tech history.
Then something happened that nobody talks about.
In 2017 Snap went public at $33 billion. On paper he made the right call. But the stock crashed. And Instagram Stories got bigger than Snapchat itself.
So here is the part that will mess with your head.
If he took the $3 billion he would be rich. But he would be working for Zuckerberg. Building someone else's vision. Forever known as the guy who sold.
He said no. Got crushed by Instagram. Watched his stock collapse. And still today is worth over $3 billion anyway. On his own terms. Running his own company.
The $3 billion was never the real offer. The real offer was: do you want to be comfortable or do you want to find out what you're actually worth.
He picked the second one at 23. Most people never pick it at all.
You don’t even need to be the most talented, most consistent or most intense to be formidable, you see, if you can deal with pain and bad luck and really take the hardest hits this life throws at you without losing yourself to wickedness or depression, if no matter what suffering or temptation or unfairness or insanity this world throws at you and puts you through you can preserve the light in your soul and the vigour in your spirit - if no matter what happens to you, you can stay close to beauty and the need to create, then you are timeless and forever changing, yet always the same - hurtable, but unkillable - you are immortal.
.@naval on why you need to play in decades:
"Looking back on my career, the people who I identified as brilliant and hardworking two decades ago are all successful now, almost without exception. On a long enough timescale, you will get paid."