Instagram Timeline

Events

Burbn App Creation

Approx. October 6, 2009

Kevin Systrom and Mike Krieger began working on their check-in photo application.

Seed Funding Round Deal raises $50,000

March 5, 2010

Andreessen Horowitz, and Steve Anderson close on $500,000 deal to fund app development

Instagram Concept Born

Approx. May 1, 2010

This is the pivot when burbn became Instagram

Release of Instagram

October 6, 2010

Instagram Valued at $ 25 Million Pre-Revenue

February 2, 2011

Series A Funding Raises 7 Million through a variety of investors including Benchmark Capital, Jack Dorsey, Chris Sacca (through Capital fund), and Adam D'Angelo.

10 Million Instagram Users

May 1, 2011

Facebook aquires Instagram for $1 Billion

Approx. April 1, 2012

Instagram was purchased in cash and stock.

Instagram Growth up 23 Per Cent

April 1, 2013

Instagram grew by 23 per cent, while Facebook, as the parent company, only grew by 3 per cent.

Instagram worth $35 Billion

December 19, 2014