Instagram The $1 Billion Business

 

 

If there is anything to be learned from the takeover of Instagram by Facebook, it has to be how anyone can create a billion dollar business in under two years. Because that is what the founders, Kevin Systrom and Mike Krieger have done.

 

The business was started in March 2010 and by March 2012 the business was taken over by the world’s largest social network, Facebook for a massive $1 billion, but was is amazing about this story a week earlier, Instagram had raised $50 million in venture capital and this valued the business at just $500 million!

 

According to Facebook, they will allow Instagram to grow and develop on its own, but that remains to be seen! In the mean time, there is this interesting graphic that shows how Instagram started, with the significant developments that made into the $1 billion company.

 

 

Source [Visually]