AllFacebook InsideFacebook InsideMobileApps InsideSocialGames SocialTimes LostRemote TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

WhatsApp Founder Was Rejected By Both Twitter And Facebook Before $19 Billion Buyout

WhatsApp Founder Was Rejected By Both Twitter And Facebook Before $19 Billion Buyout

Facebook has acquired super-popular social messaging app WhatsApp for a heady $16 billion in cash and stock, plus another $3 billion in restricted stock over the next four years.

Not bad for a company that was founded less than five years ago. And it’s a huge win for founder Brian Acton, who was turned down for positions by both Twitter and Facebook before launching WhatsApp.

Rewind back to 2009 and Acton, whose role at Yahoo had come to an end after 11 (probably long) years, was looking for a new challenge. So he applied at Twitter, and was turned down.

Then he applied at Facebook… and was turned down.

So he and Yahoo colleague Jan Kourn decided to do something themselves, and launched WhatsApp. Four and a bit years and 450 million users later, that turned out to be a very smart decision indeed.

Bottom line? Keep your chin up. Acton’s tweets are extremely bullish, and reveal a lot about his character. And that kind of forward-thinking just might turned into an absolute boatload of cash.

Mediabistro Course

Mediabistro Job Fair

Mediabistro Job FairLand your next big gig! Join us on January 27 at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, ad land your next job. Register now!