2010 · Seed
Would you have funded Instagram?
Retro photo filters on a phone
Two founders pivoted from a location check-in app to a simple iPhone app for taking photos, applying vintage-looking filters and sharing them with friends.
- $500,000 seed round valuing the company at about $20 million
- No revenue
Show what happened
🦄 Breakout
Instagram It reached 10 million users in a year, and Facebook bought it in April 2012 for about $1 billion.
Two venture firms invested in the seed round.
Sources: Instagram (Wikipedia)
More pitches
- Scrub Daddy (2012) ✅ Success
- ReadeREST (2012) ✅ Success
- Coffee Meets Bagel (2015) ✅ Success
- Vine (2012) ✅ Success
- Doorbot (later Ring) (2013) 🦄 Breakout
- Airbnb (2008) 🦄 Breakout
- Dropbox (2007) 🦄 Breakout
- WhatsApp (2009) 🦄 Breakout