In Hollywood, a botched career often takes many years to reverse—if it turns around at all. But in tech, where failure is worshipped, the men who fail spectacularly don't have to worry about history. Each new day is a new chance to play with someone else's money, no matter how badly you fucked up the last time. Just ask Peter Pham.
When you can afford something like this, why not turn down $3 billion? Ha ha, joking, that's still baffling. At least Bobby Murphy, the other, 25-year-old, slightly less Machiavellian guy behind Snapchat, can ponder his business moves in a new, $2.1 million, ultra-modern Venice Beach fortress. [via Curbed]