Skip to content
Advertisements

Instagram’s $500M Haul

April 6, 2012

Image

AllThingsD is reporting that San Francisco-based Instragram is raising $50M at a $500M valuation. Instagram raised $7M in Series A led by Benchmark Capital just over a year ago.

For sure there are a number of things that are impressive about Instragram. It built 30M users very quickly, and it just launched on Android and is making quick work with this. Also, it did this with just 15 employees. Moreover, successful photo businesses tend to find buyers willing to spend a lot – we noted yesterday that HP paid $300M for Snapfish.

However, Instagram’s functionality seems easy to replicate. We have been using Camera Awesome from Smugmug, which is as good or better than Instagram. And it’s super easy to switch from one photo app to the next. Given the ability for companies to easily buy installs in mobile, competitors can grow very rapidly.

View – site

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: