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The two founders of Instagram spent $65k (out of $500k they raised) to launch the very first version of Instagram in 2010 [1]. [1] https://lnns.co/8zhgtOF0YCo

• tptacek 7y ago
  Because they weren't seriously paying themselves. Nobody builds an Iowa Caucus app in the hopes of selling to a big tech company for billions of dollars.
• stormbrew 7y ago
  How many unpaid hours did they put in? How much stock did they give to people who also put unpaid hours in? Never mind that they could launch, fix, release, fix release, etc... A venture with a long development tail after release is absurdly different from this. They had to get it right the first (and only) time, and no one is anticipating even a one in a million chance of getting rich off it.
• deleted 7y ago
  [deleted]
• 9935c101ab17a66 7y ago
  So what? What's your point?
  • phonon 7y ago
    That they should have used Django for the backend :-)