Kevin Systrom Deleted His App and Sold the SCRAP for a Billion
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Transcript
His first app was a bloated mess almost nobody used. He deleted most of it, kept one feature, and that scrap sold for a billion dollars.
Kevin Systrom went to Stanford, the student Mark Zuckerberg once tried to recruit.
In Florence, a professor handed him a cheap plastic Holga. Square frames, soft light leaks.
Years later he built Burbn, a check-in app stuffed with features that barely caught on.
So with co-founder Mike Krieger, he stripped it down. Users wanted one thing: photos.
They kept photos, added filters inspired by that toy camera, and renamed it Instagram.
It launched in October 2010. Twenty-five thousand people signed up the first day.
By year one, ten million users. By April 2012, Facebook came knocking.
Roughly one billion dollars. Thirteen employees, almost no revenue.
A failed app, stripped to one feature, changed how the world shares its life.
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