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Acquisitions

Instagram sold to Facebook for $1 billion

18 months & 3 simple, not-so-simple steps to $1 billion…

Today, Instagram sold to Facebook for $1 billion. A week ago, when TIME asked Instagram founder, Kevin Systrom, if he would sell the company, he said “It’s not really on the top of our minds right now.”

Kevin is 27 years old and started Instagram 18 months ago with Mike Krieger, in October 2010. The company has grown with just 4 staff, and today has just 9 in the team. With the $1 billion deal that was announced today, was Kevin just plain lucky, or was there some simple steps that he (and others who have had the same luck) have in common?

Here’s three steps he followed. They may not guarantee you exactly the same success – but they will increase your own good fortune:
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