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But Instagram didn't make money as a company for itself, Instagram itself was sold and made money for the founders/investors. The two are not the same.
by Maro 13y ago
But Instagram didn't make money as a company for itself, Instagram itself was sold and made money for the founders/investors. The two are not the same.
- kposehn 13y agoI'm not making that argument necessarily. If you only define success as making money in general revenue, it doesn't fit the bill. But to me, selling for $1bn (at the outset), is definitely a success.
- s_q_b 13y agoFor the founder and the seed investors and the VCs, certainly it was a great success. From my perspective, that's a type of success is exceedingly rare, akin to winning the lottery. That mindset doesn't fit with my own personal goal of building a business that returns consistent profits, preferably as soon as possible after launch.