Kevin Systrom and Mike Krieger began working on their check-in photo application.
Andreessen Horowitz, and Steve Anderson close on $500,000 deal to fund app development
This is the pivot when burbn became Instagram
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.
Instagram was purchased in cash and stock.
Instagram grew by 23 per cent, while Facebook, as the parent company, only grew by 3 per cent.