Remove Burn Rate Remove Cofounder Remove Product Development Remove Viral
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How much does it cost to build the world’s hottest startups?

The Next Web

However, you could still build an Instagram-like product inexpensively, in the $100,000 to $300,000 range over a three-to-six-month period,” says Werdelin. Founder Kevin Systrom launched Instagram with 25,000 beta users on October 6, 2010; two years later, the app continues to see massive growth, recently reporting 150 million active users.

Cost 168
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Lessons Learned: Don't launch

Startup Lessons Learned

If the product needs to be tweaked just a little bit in order to convert users into customers, you want to figure that out before the launch. If the viral coefficient is 0.9, And if your product doesnt retain customers, whats the point of driving a bunch of them to use it? Founders push for it. keep iterating until its 1.1