5 ms·
This Wired article[1] states that the first co-founder owned 40% of the company and the second co-founder owned 10% of the company at the time of acquisition.
by mendable 14y ago
This Wired article[1] states that the first co-founder owned 40% of the company and the second co-founder owned 10% of the company at the time of acquisition.
This might suggest they started out with an 80/20 split.
Why?
How did that split come about?
[1] http://www.wired.com/epicenter/2012/04/facebook-buys-instagram/ http://www.wired.com/epicenter/2012/04/facebook-buys-instagr...
- speedracr 14y agoKevin Systrom went all in at an earlier point. Discussed in more detail by the two of them here: http://ecorner.stanford.edu/authorMaterialInfo.html?mid=2745 http://ecorner.stanford.edu/authorMaterialInfo.html?mid=2745 (video)