Insta-rich: How Instagram became a $1-billion company in 18 months!
Kevin Systrom !
This young entrepreneur’s goal was to build the next big social network caught the attention of Facebook founder and Chief Executive Mark Zuckerberg, who paid $1 billion to buy Instagram this week. He never once doubted he was building a $1 billion company. Facebook couldn’t pass up the opportunity to buy it. On Friday, Instagram closed a $50 million funding round led by Sequoia Capital, which valued the company at $500 million. “We saw pictures from kids to pets to friends out drinking beer. The wide variety of stuff that we sawis liked by many consumers!"So Instagram made about $1 billion in the last 18 months.
This young entrepreneur’s goal was to build the next big social network caught the attention of Facebook founder and Chief Executive Mark Zuckerberg, who paid $1 billion to buy Instagram this week. He never once doubted he was building a $1 billion company. Facebook couldn’t pass up the opportunity to buy it. On Friday, Instagram closed a $50 million funding round led by Sequoia Capital, which valued the company at $500 million. “We saw pictures from kids to pets to friends out drinking beer. The wide variety of stuff that we sawis liked by many consumers!"So Instagram made about $1 billion in the last 18 months.
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