Instagram is acquired by Facebook for close to $1Bn!
A less-than-2-years old company with 13 employees with no revenue model gets acquired for a valuation of $1Bn!
While a lot of entrepreneurs are building a secret desire to have a Instagram repeat (waiting for that phone call?), do remember that Instagram is a Silicon Valley story and will always remain a Silicon Valley (echo-chamber) story.
You won’t (in near future) see an Indian company with no revenue model being acquired for billion dollars – that is, let’s stop dreaming and get back to work.
It’s very Indian to stay focused on business; and top and bottom line rule even for valuations(atleast for now) – so the best thing is to put our heads down and go back to building our businesses.