Re:Ask PG: What Is The Most Frighteningly Ambitious Idea You...
by 001sky on Wednesday September 12, 2012 @02:44PM
(#4512290)
These guys did invest in instagram. But...
When we invested in Instagram, it wasn’t actually Instagram. It was a company called Burbn, and the idea was roughly to build a mobile micro blogging service. Technologically, it was also different: an HTML 5 application rather than a native app...
Of course you never know what then happens. Instagram pivots to photos, and exits at ~$1B. But...
As Kevin iterated on Burbn, we made another investment in an excellent entrepreneur, Dalton Caldwell. Dalton’s company, Mixed Media Labs, initially built a product called PicPlz. PicPlz aime d to be a mobile photo sharing service...
Of course, now Dalton (as app.net) is doing what instagram (then as Burbn) set out to do - a micro-blogging service.
When we invested in Instagram, it wasn’t actually Instagram. It was a company called Burbn, and the idea was roughly to build a mobile micro blogging service. Technologically, it was also different: an HTML 5 application rather than a native app...
Of course you never know what then happens. Instagram pivots to photos, and exits at ~$1B. But...
As Kevin iterated on Burbn, we made another investment in an excellent entrepreneur, Dalton Caldwell. Dalton’s company, Mixed Media Labs, initially built a product called PicPlz. PicPlz aime d to be a mobile photo sharing service...
Of course, now Dalton (as app.net) is doing what instagram (then as Burbn) set out to do - a micro-blogging service.
So, there ya go...the ol' switcheroo ;D