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Sunday, April 15, 2012
An Open Letter To Those Not Employed At Instagram
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.
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