Systrom at the 7th Annual Crunchies Awards
December 30, 1983 |
|Alma mater||Stanford University|
|Known for||Co-Founder of Instagram|
|Net worth||US$400 million (2013)|
Life and career
Systrom was born in Holliston, Massachusetts, and is the son of Diane (Pels), a marketing executive, and Douglas Systrom, a president in human resources. Systrom attended Middlesex School in Concord, Massachusetts, and graduated in 2006 from Stanford University with a B.S. in management science and engineering. At Stanford, he was a member of the Sigma Nu fraternity. He co-founded Instagram in 2010 with Mike Krieger. He also founded Burbn, an HTML5-based location-sharing service.
He got his first taste of the startup world when was a member of the Mayfield Fellows Program at Stanford University which led to his internship at Odeo, the company that eventually gave rise to Twitter. He spent two years at Google; during the first, he worked on Gmail, Google Reader, and other products, and during the second he worked on the Corporate Development team.
After leaving Google, he co‑founded the photo-sharing service Instagram. In April 2012, Instagram was sold to Facebook for $1 billion in cash and stock. According to multiple reports, the deal netted Systrom $400 million based on his ownership stake in the business. The actual amount Facebook had to pay to acquire Instagram was later adjusted to $715 million. The price was image share related and these dropped when the takeover was announced.
- Katherine Rushton (2012-01-24). "Who's getting rich from Facebook's $1bn Instagram deal?". The Telegraph.
- How old is Kevin Systrom?. Quora (1983-12-30). Retrieved on 2013-08-20.
- Holliston native strikes it rich with smartphone app Instagram - Framingham, MA. The MetroWest Daily News (2012-04-12). Retrieved on 2013-08-20.
- "Executive Profile". Bloomberg Businessweek. 2012-04-05.
- instagram. "The Team".
- "Kevin Systrom". CrunchBase. 2012-04-15.
- Primack, Dan (April 9, 2012). "Breaking: Facebook buying Instagram for $1 billion". Fortune. Archived from the original on November 4, 2012. Retrieved December 17, 2012.
- Isaac, Marc (April 9, 2012). "Facebook Buys Instagram". Wired. Condé Nast Digital. Retrieved August 13, 2012.
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