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Holliston Native Makes Millions In Instagram Facebook Deal

By Anthony Silva, WBZ NewsRadio 1030 New England Business Editor
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Anthony Silva is co-host of the WBZ Afternoon News heard each wee...
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BOSTON (CBS) – One of the co-founders of Instagram is worth at least $400 million after Facebook bought the tiny mobile photo sharing service.

Kevin Systrom is from Holliston, but he left for the west coast and Stanford out of high school and never returned.

In an online interview, Systrom explained how he grew the company to millions of users with only a few dozen employees.

WBZ NewsRadio 1030′s Anthony Silva reports

“I feel very lucky that so far we’ve managed to do a lot of things exactly at the right moment, exactly at the right time with the right combination of things,” says Systrom. “As much as entrepreneurs want to take credit for each and every little decision and say it made complete sense at the time, I promise you a lot of it is luck.”

Systrom had worked at Google when he launched his company less than two years ago.

Systrom says the company had about two dozen employees, but it’s time to grow.

So what does the future of Instagram look like?

He says, “Imagine a service that collects all of the visual data that gets produced all around the world, so that you can tune in to any place on earth and see exactly what is happening.”

The iPhone Instagram app has been downloaded more than 30 million times.

It was recently made available for Android phones as well.

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