Dear Non-Instagramers,
Sorry that you didn?t get bought out for $1 billion last week. That?s got to be a bummer. Kevin Systrom just made enough money to buy a boat big enough to make Larry Ellison jealous and you?re still living in a studio apartment.
Instagram is a one-off. A fluke. An anecdote that many entrepreneurs will mistake for data. Please don?t be one of them.
This happens about every half a decade. The first mover in a space gets taken out in record time with a ridiculous valuation and the founders look like epic geniuses. Do you remember YouTube? Sure you do. But what about Revver, Metacafe, Guba and Veoh? I didn?t think so.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment