Snap’s founders say they’re limiting shareholder power from the outset in the name of transparency, since the founders want to be in control for the long-term . . . .  Since Spiegel is just 26 years old and Murphy is 28, investors better be comfortable with having them around for a decades to come.

Source: With its IPO, Snap joins Google (GOOG) and Facebook (FB) as tech companies taking investors’ money and telling them to shut up — Quartz