This is a huge perk of going to an "elite" school like one of the Ivys or Stanford: Odds are good that, one day, you'll be able to sue a friend and claim that he stole your billion-dollar tech idea.
Meet the newest Eduardo Saverin, Frank Reginald Brown IV. His buddies, Evan Spiegel and Bobby Murphy, created Snapchat while studying at Stanford. Brown claims that he helped Murphy and Spiegel build the photo-sharing service, but was cut out of partnership—and now that it's worth around $60-70 million, he's asking for damages.
His story does sound pretty similar to Saverin's, actually. ("You better lawyer up asshole, because I'm not coming back for 30%, I'm coming back for EVERYTHING.")
From the Los Angeles Times:
The lawsuit says Brown originally came up with the idea for the app and approached Spiegel, who called it a "million-dollar idea," according to the lawsuit.
At that point, the two agreed to pursue the idea and look for a third person, who could code the app. They settled on Bobby Murphy, also of Stanford, and began working on the app.
The three moved to Spiegel's father's house in Los Angeles County, where they worked on the app during the summer of 2011. At that point, the lawsuit says Brown came up with the app's original name, "Picaboo," and the ghost logo that is still being used by Snapchat today.
... The three continued working on Picaboo remotely until they had a falling out in mid-August 2011. At that point, Brown's lawsuit alleges that Murphy and Spiegel changed the passwords to their accounts and servers to shut Brown out. They also discontinued communicating with him. The next month, Snapchat was released.
What a crazy story. It could make for a tremendous NC-17 movie.
This is SnapChat we're talking about here.
[H/T: Daily Mail]