Instagram was founded by Kevin Systrom, a computer programmer and entrepreneur who is now worth $1.6 billion. In April 2012, he sold his company to Facebook for $1 billion, taking home $400 million. While at Middlesex School, he developed his interest in computers and prank-called his friends by hacking their AIM accounts. He dreamed of becoming a Disc Jockey, and began to pester the Boston Beat record store, eventually being hired as a part-time employee.
Instagram was created by Systrom and Krieger. Neither of them planned to create such a huge venture. They simply wanted to make a social networking site for teens. During that time, the company went through many developments. But it was Systrom’s commitment to simplicity that made the platform so popular. As a result, Instagram launched numerous products, including IGTV and Stories. Before joining Facebook, Systrom worked at Odeo, a company that later became Twitter. He also spent two years at Google, where he earned his degree.
Since its launch in 2010, Instagram has grown into one of the world’s most popular picture sharing services. The company has attracted millions of users, and was named on the Forbes list of America’s Richest Under 40 Entrepreneurs in 2016. The app has 800 million monthly active users. As of September 2017, Systrom had more than 1 billion photos posted by users. The founders of Instagram were the sons of Douglas and Diane Systrom. During the first dot-com bubble, Systrom’s parents worked at Monster and TJX Companies.
Instagram was founded in 2010 by Kevin and Mike Krieger. They later served as the company’s head of engineering, where they focused on building creative products and expanding the engineering team to 400 employees. The two co-founders were born in Sao Paulo, Brazil and received their MS in Symbolic Systems from Stanford University. Their fathers were both successful, and their fathers were involved in the human resources department of TJX Companies.
The founder of Instagram, Kevin Systrom, served as CEO until his resignation in September 2018, was the first to make it viral. His focus was to encourage creativity through thoughtful product design. As the number of users increased, Systrom aimed to keep the brand simple, yet powerful. His vision of the company is evident by its success. However, in the long run, it is unlikely to become a household name.
Last Line
In the long run, Instagram has become a global force, and its growth has been a source of controversy and uncertainty for years. Its founder, Kevin Systrom, has stayed away from the company since its founding in 2010. He was ranked as one of America’s wealthiest under 40 entrepreneurs by Forbes in 2016 and has since been a key contributor to the company’s growth. In September 2017, Instagram had more than 800 million active users and its revenue grew by 65%.
