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> Instagram had what, 12 employees when it got bought for 1 billion? Which was really a pittance. I acknowledge hindsight is 20/20, but it's interesting to se
by draw_down 7y ago
> Instagram had what, 12 employees when it got bought for 1 billion?
Which was really a pittance.
I acknowledge hindsight is 20/20, but it's interesting to see posts here lamenting that startups hire too many people, when selling for much too little is surely a more grievous financial mistake.
Or to put it another way, if they had 75 engineers when they sold for a billion, the tragedy would still not be that they had too many engineers.
- farrarstan 7y agoYeah that is really too bad.
- dmix 7y agoA billion dollars for a 2yr old company in a highly competitive mobile space is a pretty good deal... They probably saw the risk in FB or Snapchats or w/e competing with them. It was just photos with filters at that point. Not a massive social network like it's become.
- xmodem 7y agoAt the time it seemed like a huge price. It's only what's come since that makes it look small.