Friday, April 20, 2012
It?s Not About Instagram ? It?s About Mobile
It has been more than a week now, but Techmeme today is dominated by Instagram related headlines. Was the Board involved? Did Marc Andreessen know? Did Instagram take the $50m from Sequoia and others before agreeing to be acquired? Was $2bn the right ask? Was $1 billion cheap or is it a bubble? These are soap opera-like questions. Interesting? For sure if you have insomnia. Deep? Not really. A week after the acquisition I think we all need to be stepping back and reflecting on the meaning of the deal as it relates to our future. Actually, if we do that, many of the other questions do become easier to answer, and possibly more interesting.