Two years ago we invested $250,000 in Instagram. Thanks to the spectacular vision and effort of Kevin Systrom and the Instagram team, the investment will be worth $78,000,000
from B Horowitz (Ft. Mase) – Instagram Lyrics 2 on Rap Genius
Meaning
What was the valuation at the time Horowitz invested in Instagram?
Pretty easy to calculate.
78MM / 250K = a 312x return
The valuation of Instagram at the time of the investment is 1B / 312, which is about 3.2 million dollars
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