The handbook for building billion dollar businesses just got another chapter with the announcement that Facebook would be buying Instrgram for $1B dollars. How did they do it? Read the blog post I wrote back in October which pulls out the highlights from Instagram’s start up and success: “The Problem With Digital Photos..: How The Founders Of Instagram Solved Problems And Became An Instant Success”
The lessons here will be true for your next billion dollar business as well.
Here’s a couple most retweeted lines from the post:
- “Most of what the founders learned was from weekend work. It’s amazing what you can learn in your spare time”
- “Having a prototype is better than a presentation”
- “A day on the job is worth a year of standing on the sideline trying to learn” (looks like a day on the job for them was worth about $1.8MM.)