Money can grow when invested right.
Ben Horowitz is co-founder and General Partner of the venture capital firm Andreessen Horowitz, based in Menlo Park.
Simply put, the company invested $250,000 in a small start-up, named Burbn, which was to offer micro-blogging services.
When Burbn changed its focus to public image processing and storage – unlike that of Facebook – it became Instagram, the start-up that was eventually acquired by Facebook for $1 billion dollars.
Based on that acquisition, Andreessen Horowitz saw their $250,000 investment grow 312-fold into $78,000,000!
Read the blog post of Ben Horowitz here.
