> Instagram had what, 12 employees when it got bought for 1 billion?
Which was really a pittance.
I acknowledge hindsight is 20/20, but it's interesting to see posts here lamenting that startups hire too many people, when selling for much too little is surely a more grievous financial mistake.
Or to put it another way, if they had 75 engineers when they sold for a billion, the tragedy would still not be that they had too many engineers.
A billion dollars for a 2yr old company in a highly competitive mobile space is a pretty good deal...
They probably saw the risk in FB or Snapchats or w/e competing with them. It was just photos with filters at that point. Not a massive social network like it's become.
Which was really a pittance.
I acknowledge hindsight is 20/20, but it's interesting to see posts here lamenting that startups hire too many people, when selling for much too little is surely a more grievous financial mistake.
Or to put it another way, if they had 75 engineers when they sold for a billion, the tragedy would still not be that they had too many engineers.