Bobby Murphy Explained

Bobby Murphy
Birth Date:19 July 1988
Birth Place:Berkeley, California, U.S.
Known For:Co-founder of Snap Inc. (since 2016)
Co-founder of Snapchat (since 2011)
Alma Mater:Stanford University, (BS)
CTO of Snap Inc.
Spouse:Kelsey Bateman

Robert Cornelius Murphy (born July 19, 1988) is an American Internet entrepreneur and software engineer. He is the co-founder and the CTO of the American multinational technology company Snap Inc., which he created (as Snapchat Inc.) with Evan Spiegel and Reggie Brown while they were students at Stanford University.

He was named as one of the 100 most influential people in 2014 by Time. In 2015, Murphy was first listed and became the second-youngest billionaire in the world by Forbes.

Early life

Murphy was born on July 19, 1988, in Berkeley, California. His father is an Irish-American and his mother is a first-generation Filipino-American.[1]

Murphy grew up in Berkeley, California and was educated at the School of the Madeleine, a private Roman Catholic grade school there. He received his secondary education at Saint Mary's College High School, also a private Catholic high school in Berkeley.

Education

Murphy graduated in 2010 from Stanford University in Stanford, California, where he received a Bachelor of Science degree in mathematical and computational science.[2] He was also a member of the Kappa Sigma fraternity along with Evan Spiegel and Reggie Brown.[3] [4]

Career

Murphy was recruited by Spiegel after they finished working on a failed startup called Future Freshman, a website that helped high school kids get advice when applying to colleges.[2] [5] In 2011, Murphy co-founded a disappearing-image messaging app called Picaboo. The name was later changed to Snapchat.[6] [7] After graduating from Stanford, Murphy spent a year working as a software engineer at Revel Systems (an iPad point of sale system for restaurants). Until Snapchat could secure venture capital funding, he used half of his paycheck to cover the cost of Snapchat's server bills.[8] [9]

At Snapchat, Murphy has led the engineering and research teams. Murphy has also worked with Snapchat's Snap Labs team, which produced Spectacles camera glasses in 2018.[10] [11] At the time of Snapchat's IPO in 2017, Murphy and Spiegel held over 45% of the company's total stock. They also held over 70% of the voting power.

In February 2017, Murphy and Spiegel pledged to donate up to 13,000,000 shares of Class A common stock to their newly created Snap Foundation, which will support the arts, education and youth non-profits, over the course of 15–20 years.[12] [13]

Personal life

Murphy is a native of California. In 2015, he was recorded as the 1,250th-richest person in the world, by Forbes Magazine.[14] In 2015, Murphy ranked as the #15 U.S. Richest Entrepreneurs Under 40.[2] As of 2016, he was ranked #374 on the Forbes 400.[2] In 2018, Murphy purchased the former Pacific Palisades estate of "Green Acres" actor Eddie Albert for the asking price of $19.5 million.[15] In 2021, he purchased a property on the Manhattan Beach Strand for $14.5 million.[16]

Notes and References

  1. News: How this Fil-Am became 2nd youngest billionaire in the world. ABS-CBN News. Philippines. March 5, 2015. March 6, 2015. March 6, 2015. https://web.archive.org/web/20150306201629/http://www.abs-cbnnews.com/business/03/05/15/how-fil-am-became-2nd-youngest-billionaire-world. live.
  2. Web site: Bobby Murphy profile. Forbes. 2021-02-16. 2019-04-24. https://web.archive.org/web/20190424010652/https://www.forbes.com/profile/bobby-murphy/. live.
  3. Web site: Here's what we know about Bobby Murphy, Snapchat's mysterious billionaire cofounder. Heath. Alex. Business Insider. 2019-02-22. 2019-02-22. https://web.archive.org/web/20190222204825/https://www.businessinsider.com/the-life-and-career-of-snapchat-cofounder-bobby-murphy-2017-3. live.
  4. Web site: The Snapchat Lawsuit, Or How To Lose Your Best Friend Over $70 Million. TechCrunch. 7 March 2013. en-US. 2019-02-22.
  5. Web site: Meet the secret power players who run Snapchat. 2016-09-28. Business Insider. 2016-12-07. 2016-11-22. https://web.archive.org/web/20161122155646/http://www.businessinsider.com/snapchat-top-executives-2016-9/#bobby-murphy-co-founded-the-company-and-is-now-cto-1. live.
  6. Web site: Snapchat: An Abridged History. Fortune. en. 2019-03-05. 2018-08-25. https://web.archive.org/web/20180825073817/http://fortune.com/2017/02/04/snapchat-abridged-history/. live.
  7. Web site: Meet the power players who help Evan Spiegel run Snap Inc.. Heath. Biz Carson, Alex. Business Insider. 2019-03-05. 2019-01-31. https://web.archive.org/web/20190131145200/https://www.businessinsider.com/snap-inc-snapchat-top-executives-2017-1. live.
  8. News: Bobby Murphy cleaned up after frat parties; now he stands to clean up in Snapchat IPO. Dave. Paresh. 2017-03-01. Los Angeles Times. 2017-11-03. en-US. 0458-3035. 2017-11-07. https://web.archive.org/web/20171107015852/http://www.latimes.com/business/technology/la-fi-tn-snapchat-bobby-murphy-20170227-story.html. live.
  9. Web site: Here's what we know about Bobby Murphy, Snapchat's mysterious billionaire cofounder. Heath. Alex. Business Insider. 2019-03-07. 2019-02-22. https://web.archive.org/web/20190222204825/https://www.businessinsider.com/the-life-and-career-of-snapchat-cofounder-bobby-murphy-2017-3. live.
  10. Web site: Snap's Evan Spiegel Doesn't Do Everything Himself. These Are His Top Executives. Heath. Alex. 2017-08-22. Inc.com. 2019-03-07.
  11. Snapchat Debuts New Spectacles. We Try Them on for Size. Goode. Lauren. 2018-04-26. Wired. 2019-03-07. 1059-1028. 2018-07-04. https://web.archive.org/web/20180704193911/https://www.wired.com/story/snapchat-spectacles-2018/. live.
  12. Web site: Snap Inc, Quietley created A Foundation to support arts and education. Chris. Velazco. engadget. Rochester, New York. February 2, 2017. March 3, 2017. March 3, 2017. https://web.archive.org/web/20170303201549/https://www.engadget.com/2017/02/02/snap-inc-snap-foundation-ipo/. live.
  13. Web site: Snap co-founders create Snap Foundation to support non-profits. Harriet. Taylor. CNBC. February 2, 2017. March 3, 2017. February 25, 2017. https://web.archive.org/web/20170225051714/http://www.cnbc.com/2017/02/02/snap-foundation-s-1-snap-shares-to-non-profits.html. live.
  14. Web site: Forbes' 29th Annual World's Billionaires Issue. Communications. Forbes Corporate. Forbes. en. 2019-03-07. 2015-09-11. https://web.archive.org/web/20150911113739/http://www.forbes.com/sites/forbespr/2015/03/02/forbes-29th-annual-worlds-billionaires-issue/. live.
  15. Web site: Snap founder Bobby Murphy spends some green on Eddie Albert's former home. Leitereg. Neal J.. Los Angeles Times. 16 March 2018 . 2019-03-07. 2019-03-08. https://web.archive.org/web/20190308081029/https://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-bobby-murphy-eddie-albert-20180316-story.html. live.
  16. Web site: Snapchat Billionaire Bobby Murphy Drops $14.5 Million on the Manhattan Beach Strand. 2021-09-06. finance.yahoo.com. 27 May 2021 . en-US.

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