Benchmark Capital, which led Instagram’s $7 million first funding round in 2011, has an 18 percent stake, while Andreessen Horowitz and Baseline Ventures each hold about 10 percent, Wired reports. The rest of the company’s 13 employees will get a portion of a $100 million stock option pool, depending on how long each has worked at the company. If true, that amounts to a personal windfall for Systrom of $725,000 for every day since the Instagram app launched on October 6, 2010.Ĭofounder Mike Krieger holds a 10 percent stake, according to Wired, which will net him $100 million.
That’s according to a report by Wired, which cites sources indicating that Systrom holds 40 percent of the company he founded - an impressively large chunk for any entrepreneur at the time of exit, let alone one on his first company.
