Instagram is a photo sharing, mobile, and social networking website/app that has become extremely popular. It enables its users to take pictures and videos, make edits, and share them on a variety of different social networking platforms.
Kevin Systrom graduated from Stanford University with a BS in Management Science & Engineering. His first intern experience was through Odeo which later became Twitter.
Mike Krieger also graduated from Stanford University where he studied Symbolic Systems with a focus in Human-Computer Interaction. During his time at Stanford, he interned on Microsoft’s PowerPoint team as a PM and at Foxmarks as a software developer. He also wrote his Master’s thesis on how user interfaces can better support collaboration on a large scale before getting connected with Instagram.
Together Krieger and Systrom founded Instagram, and launched it in 2010.
Instantly Instagram became a household name with over 200 million active monthly users. Personally, one of my favorite features on Instagram is the ability to edit photos with multiple different filters before you post a picture. This allows people to do all of the editing on Instagram rather than having to use separate apps, which was a pain.
Two of the most important things that Instagram has accomplished is its ability to achieve financial support from investors. Without the financial backing of investors, Instagram would have been unable to start up as a company. To truly get a scope of the size of the deal investors made, one must look no further than to the first venture capital firms that put up seed money for Instagram: Andreesen Horowitz’s original $250,000 investment is now worth a whopping $78 million. That is 78 followed by six zeroes. A return of 312 times the initial investment. Secondly, Instagram added hashtags to its site which encouraged users connect with each other and see pictures from all over the world. This was evolutionary.
Without a doubt, Instagram is going to be around for a long time.