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

The Next Web

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. Luck, timing and social engineering are bigger components than most entrepreneurs care to imagine,” adds Werdelin. 3) Facebook. 4) WhatsApp.

Cost 168
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Lessons Learned: Don't launch

Startup Lessons Learned

If the viral coefficient is 0.9, And even worse, wed cranked up the burn rate in order to be ready to handle all those millions of mainstream customers we anticipated. Founders push for it. In some ways, founders are even worse. Build a gigantic river of momentum with minimal effort so you dont get burned out.