Launch Date:March 2010
Instagram is a free photo sharing application that allows users to take photos, apply a filter, and share it on the service or a variety of other social networking services, including Facebook, Twitter, Foursquare, Tumblr, Flickr , Foursquare and Posterous .The application is compatible with any iPhone, iPad or iPod Touch running iOS 3.1.2 or above. Instagram, in an homage to both the Kodak Instamatic and Polaroid cameras, confines photos into a square shape.
Even now, it’s still shocking how the remarkably low distribution costs of the web can change a founder’s fate overnight. Many startups are duds, and most grow at a clip that’s just not fast enough to justify an interesting valuation.
But once in awhile, a company comes along and just nails it. The right timing. The right market. The right place. Then all the rules you know about multiples, comparable benchmarks and so on just buckle under the pressure of momentum.
Continue reading : http://techcrunch.com/2012/04/09/instagram-story-facebook-acquisition/
When Twitter buys a startup, it’s often after the company’s staff, not its product — which makes Twitter’s latest takeover one of its most intriguing. Twitter announced late Monday that it has acquired blogging platform Posterous.
Launched in 2008, Posterous — like its archrival Tumblr — pioneered the “microblogging” space. Its specialty is content that’s longer than a tweet but shorter than a traditional blog post. The services are especially good for sharing photos, videos, quotes and other multimedia snippets. Posterous’ staff of 21 previously worked out of a San Francisco headquarters just two miles from Twitter’s home base. They joined Twitter’s staff this week.
Is Twitter looking to venture beyond its famous 140-character limit, into the broader microblogging world?
The early signs are no. Twitter is keeping Posterous up and running, at least for the time being, but its staff is being redeployed on other projects. “We are welcoming a very talented group of engineers, product managers and others,” a Twitter spokeswoman said. “They will be working on several initiatives that will make Twitter even better.”