Image via CrunchBaseTo create a billion dollars in wealth in just two years is remarkable no matter which way you look at it. And this is Facebook's first acquisition. Acquiring companies to shut down their product and hire their people doesn't count. Instagram should have come on Android sooner. And it should have gone for a web presence very early on. Instagram not having a web version gave Pinterest a lot of room. Those three things - not adopting Android early, not having a web version, and now selling to Facebook - tell me the Instagram founders never really knew what they had in their hands.
I hope Facebook pushes them to get a web version.
Zappos should not have been bought by Amazon. Instagram should not have been bought by Facebook. Both needed to stay independent.
Mark Zuckerberg On The Acquisition
Instagram Blog: Instagram + Facebook
TechCrunch: Right Before Acquisition, Instagram Closed $50M At A $500M Valuation From Sequoia, Thrive, Greylock And Benchmark
