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Benchmark Part I
Acquired
Venture Capital - Is Instagram a Good Investment?
socoya claims Instagram was one of their investments where it sold 48 hours after they invested yeah, they were an investor for two days. I don't remember the valuation of instagram series a call it 50 million maybe less Right to 20 x in a year Yeah, it's crazy very hard to turn that down It's also funny that peter fenton ipos are in that Fun new relic which was incubated in their office Yep, because peter had invested in lucerne's previous company when he was at excel To build point about repeat entrepreneurs and enterprise are as close to a sure thing as you can get By the end of fund six It's clear. There's something special going
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