Monday, April 09, 2012

Tech 101 | Here's a truly lean-and-mean start-up

Facebook this afternoon announced its biggest deal ever: $1 billion in cash and stock for Instagram, a mobile photo-sharing site launched in San Francisco just two years ago. It's already got close to 30 million members.

Here's what caught my eye in The New York Times story on the deal:

"For much of its existence it has had fewer than seven employees, and it only recently topped 10."

Ten employees!


  1. Just about as good as Steve Case selling AOL to Time Warner. Those Instagram guys are laughing their way to the bank. Facebook bought something not so great they they will destroy.
    The new American dream: Invent something mediocre, get good press and sell it to idiots with money.

  2. one of the founders has a 40% share. and he's 27 or 28.

    a $400M check is a nice way to retire before 30...

  3. What does this have to do with Gannett?

  4. I think its a valid juxtaposition. The lean, mean Billion dollar startup, in contrast with the bloated, slowly rotting in the sun corpse of GCI.


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