From 0 To $1 Billion In Two Years: Instagram?s Rose-Tinted Ride To Glory

Even now, it's still shocking how the remarkably low distribution costs of the web can change a founder's fate overnight. Many startups are duds, and most grow at a clip that's just not fast enough to justify an interesting valuation. But once in awhile, a company comes along and just nails it. The right timing. The right market. The right place. Then all the rules you know about multiples, comparable benchmarks and so on just buckle under the pressure of momentum.

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