Making Money: No Worries

Instagram built an app, a community of users and to top it all functionality. By not focusing on the inflow of the earnings, Instagram was able to focus more on the app development.

But just before the acquisition by Facebook, Instagram did pay attention to acquiring VC funding. It closed a $50 Million Series B round from Sequoia, Thrive, Greylock and Benchmark, valuing the company at t $500 Million.

Photo Inboxes are IN

Photos are speaking the universal language off lately and no ones complaining. In the near future need for more visual communication will only intensify. What we do, where we go, how we see special occasions like birthdays and celebrations will all be spoken through pictures which makes it more exciting for Instagram to cash in on. The rise of smartphones, social networks and photo apps have made taking and sharing a photo easier than ever.