Kevin Systrom

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Kevin Systrom
Kevin Systrom 2013 (cropped).jpg
Systrom at the 7th Annual Crunchies Awards
Born (1983-12-30) December 30, 1983 (age 30)
Holliston, Massachusetts
Residence San Francisco
Alma mater Stanford University
Occupation Entrepreneur
Known for Co-Founder of Instagram
Net worth Increase US$400 million (2013)[1]

Kevin Systrom (born December 30, 1983)[2] is an American entrepreneur and software engineer, who is best known as the co‑founder of Instagram.

Life and career[edit]

Systrom was born in Holliston, Massachusetts, and is the son of Diane (Pels), a marketing executive, and Douglas Systrom, a president in human resources.[2][3][4] Systrom attended Middlesex School in Concord, Massachusetts, and graduated in 2006 from Stanford University with a B.S. in management science and engineering.[5] 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.[6]

After leaving Google, he co‑founded the photo-sharing service Instagram.[7] In April 2012, Instagram was sold to Facebook for $1 billion in cash and stock.[8] According to multiple reports, the deal netted Systrom $400 million based on his ownership stake in the business.[9] 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.

References[edit]

  1. ^ Katherine Rushton (2012-01-24). "Who's getting rich from Facebook's $1bn Instagram deal?". The Telegraph. 
  2. ^ a b How old is Kevin Systrom?. Quora (1983-12-30). Retrieved on 2013-08-20.
  3. ^ Holliston native strikes it rich with smartphone app Instagram - Framingham, MA. The MetroWest Daily News (2012-04-12). Retrieved on 2013-08-20.
  4. ^ http://www.northjersey.com/obituaries/118556824_Elizabeth_V__Pels__85.html?mobile=1
  5. ^ "Executive Profile". Bloomberg Businessweek. 2012-04-05. 
  6. ^ instagram. "The Team". 
  7. ^ "Kevin Systrom". CrunchBase. 2012-04-15. 
  8. ^ 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. 
  9. ^ Isaac, Marc (April 9, 2012). "Facebook Buys Instagram". Wired. Condé Nast Digital. Retrieved August 13, 2012.