In October 2010, Stanford University graduates Kevin Systrom and Mike Krieger launched a new iPhone application, Instagram, yet another oddly named tech start-up in a crowded field of hopefuls.
On Monday, the two twenty-somethings said they sold their photo-sharing service—which has about a dozen employees and no revenue—to Facebook Inc. for $1 billion in cash and stock.” WSJ
Kevin Systrom and Mike Kreiger are both graduates of Stanford University. Surprise, surprise.
In case you didn’t know, Stanford is about as difficult to get into as reaching the Pleiades Star System in a 1969 Ford pickup truck.
The university has an undergraduate student body of approximately 6600 geeks who are chosen based on their the potential to “become rich and famous to uphold and enhance the Stanford name.”
This isn’t my quote.
As their board will tell you, Stanford is not as interested in the highest SAT scores or perfect GPA’s as as they are in visionaries who will change the world selling photo applications to Facebook.
I don’t make this shit up.