Wednesday, 29 July 2020

If you've ever wondered how a startup founder mulls a giant acquisition offer, read all of the texts between Instagram cofounder Kevin Systrom and one of his investors after Mark Zuckerberg first approached them (FB)

Kevin Systrom Mark ZuckerbergGetty Images; Francois Mori/AP

  • The House Judiciary Committee has published documents relating to its tech antitrust investigation, including a copy of a conversation between Instagram cofounder and Benchmark investor Matt Cohler.
  • The conversation — which took place in 2012, prior to Facebook's $1 billion acquisition of Instagram — provides a rare glimpse into the mind of a startup founder when a would-be buyer comes calling.
  • You can read the full conversation below, in which Systrom wonders whether Zuckerberg will "go into destroy mode" if Instagram chose to stay independent.
  • Visit Business Insider's homepage for more stories.

The tech antitrust hearing has revealed a number of surprising pieces of information about the businesses of Amazon, Apple, Facebook, and Google. But it's also afforded a peek into the mindset of tech founders, offering a glimpse into some never-before-seen conversations.

The House Committee on the Judiciary on Wednesday published documents relating to its antitrust investigation into some of the biggest companies in tech, including a trove of emails between Zuckerberg and employees, as well as messages related to Facebook's business.

See the rest of the story at Business Insider

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