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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Beat This! Instagram's Billion Dollar Sale

October 6, 2010 - Product launched in Apple's App Store 

February 2, 2011 - raised $7 million in Series A funding from a variety of investors. The deal valued Instagram at around $25 million.

December 8, 2011 - Apple named Instagram the iPhone App of the Year.

April 3, 2012 - Instagram for Android released.

That same week, Instagram raised $50 million from venture capitalists for a share of the company that valued it at $500 million

April 9, 2012 - acquired by Facebook for approximately $1 billion in cash and stock.

Instagram has attracted more than 31 million users in less than two years. 

The company has achieved a massive increase in valuation over a very short time frame. Every investor's dream.