A billion dollars - that's billion with a "b" - to purchase a company with only 13 employees and absolutely no income.
That's how much Facebook paid to acquire Instagram, a mobile, social photo application. That may sound outrageous, but c'mon, wouldn't you like to know how you can grow your startup company to be the next Instagram?
I live in Silicon Valley, where entrepreneurs' dreams of selling a startup business for millions are more common than visions of winning the lottery and with better odds. After all, just a few years ago, Kevin Systrom, Instagram's co-founder and chief executive who is now worth $400 million, was a barrista at the coffee house I frequent in Palo Alto, Calif.
I'm certain he made me a cappuccino more than once. Remember me, Kevin? Can I get my tips back?
Many of today's millionaires made their fortune by being part of a startup, but going from new, scrappy, small business to multi-million-dollar acquisition is still a long, long shot.
...
http://news360.com/article/49764062
Shared via News360 for Windows Phone 7. Learn more at http://news360app.com.
That's how much Facebook paid to acquire Instagram, a mobile, social photo application. That may sound outrageous, but c'mon, wouldn't you like to know how you can grow your startup company to be the next Instagram?
I live in Silicon Valley, where entrepreneurs' dreams of selling a startup business for millions are more common than visions of winning the lottery and with better odds. After all, just a few years ago, Kevin Systrom, Instagram's co-founder and chief executive who is now worth $400 million, was a barrista at the coffee house I frequent in Palo Alto, Calif.
I'm certain he made me a cappuccino more than once. Remember me, Kevin? Can I get my tips back?
Many of today's millionaires made their fortune by being part of a startup, but going from new, scrappy, small business to multi-million-dollar acquisition is still a long, long shot.
...
http://news360.com/article/49764062
Shared via News360 for Windows Phone 7. Learn more at http://news360app.com.
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