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 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.