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In a somewhat related note, I noticed that A16Z invested in Instagram in the seed round, but is nowhere to be seen in the later rounds (http://www.crunchbase.co
by jayzee 14y ago
In a somewhat related note, I noticed that A16Z invested in Instagram in the seed round, but is nowhere to be seen in the later rounds (http://www.crunchbase.com/company/instagram http://www.crunchbase.com/company/instagram). Wonder what happened there?
- horatiumocian 14y agoA16Z invested in PicPlz, which was a competitor to Instagram, after the initial investment in Instagram (which was then called Burbn and was doing something else). So, after Burbn pivoted to Instagram, A16Z had to choose between 2 competing products, and they chose PicPlz for further investments. Not an inspired choice, but they still took a good chunk of money from Instagram's $1B acquisition.