It's a sad day to be an Instagram co-founder. You see, Facebook offered to buy Snapchat for $3 billion this week (an offer that Snapchat declined). Back in 2012, Facebook bought Instagram for a paltry $1 billion. Mistake, losers! As Business Insider trumpets, "Industry People Are Whispering That Kevin Systrom Blew It Selling Instagram For $1 Billion."
BI notes that "activist-investor" Eric Jackson thinks Systrom messed up: he "has to be feeling like he totally missed this wave. Instagram likely worth $15B today minimum." Startup investor Shervin Pishevar really piles on: Instagram was an "insanely smart, cheap acquisition by Zuck." Yep, Facebook founder Mark Zuckerberg really got a Costco deal on that photo-sharing app.
Systrom has yet to comment on his real dumb move of becoming a multi-millionaire at age 28.