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Kevin Systrom

Kevin Systrom is an American entrepreneur who co-founded the photo-sharing app Instagram with Mike Krieger in 2010 and served as its CEO; Facebook acquired Instagram for about $1 billion in 2012, and he left in 2018. In 2023 the two launched the AI news app Artifact.

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Key facts

Growing Up Outside Boston

Systrom grew up in a small town about 25 miles west of Boston, the son of Douglas and Diane, a tech executive; he has a younger sister, Kate.⁠[1]

His mother worked at Monster.com and later Zipcar. In high school he wrote prank programs; his first job was at a Boston record store, and before turning 18 he was opening for DJs at clubs.⁠[2]

Graduates from Stanford University

Systrom graduated from Stanford UniversityStanford UniversityStanford University is a research university in California founded by Leland and Jane Stanford in 1885 and opened in 1891.Open the full entry in 2006 with a major in Management Science and Engineering; he met Mike Krieger through Stanford’s Mayfield Fellows entrepreneurship program.⁠[3]

From Google to Nextstop

He spent about three years at Google, first in marketing for Gmail and Calendar and, after two years, in the M&A division. He then joined the travel-recommendation social site Nextstop, writing code, and quit in early 2010; Facebook bought Nextstop that July.⁠[2]

Burbn Raises Seed Funding

Burbn, then essentially a one-man shop run by Systrom, closed a $500,000 seed round with participation from Baseline Ventures and Andreessen HorowitzAndreessen HorowitzAndreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. It invests from the seed stage through the growth stage and provides operational support to its portfolio companies.Open the full entry; it described itself as “a new way to communicate + share in the real world.”⁠[5]

Instagram Launches

The idea of photo filters came from his then-girlfriend Nicole; he recalled: “we just need to be able to make people feel like their photos are worthy of sharing.” Instagram launched on a single server, which crashed almost immediately under unexpected demand.⁠[6]

In December 2010, Instagram announced it had passed 1 million registered users, about two months after its release on the iPhone in early October.⁠[7]

Facebook Announces Acquisition of Instagram

Facebook announced an agreement to acquire San Francisco-based Instagram for approximately $1 billion in cash and Facebook shares. Mark Zuckerberg said Facebook was committed to “building and growing Instagram independently,” calling it the first time Facebook had acquired a product and company with so many users.⁠[8]

Joins Walmart’s Board

In April 2016, he was among the directors nominated for re-election to Walmart’s board.⁠[10]

After about four years on the board, he stepped down to focus on work and other outside commitments, and Steve Easterbrook was nominated in his place.⁠[11]

Instagram Stories Launches

Instagram introduced Stories, letting users share all the moments of their day, not just the ones they want to keep on their profile; multiple photos and videos appear together in a slideshow format as a “story.”⁠[12]

Family and Personal Interests

His wife, Nicole, a fellow Stanford graduate and a CEO, was then expecting the couple’s first child, a daughter, in January. He rode his road bike each morning on an indoor setup running Zwift and is a trained barista.⁠[1]

The couple’s wedding ceremony was held at Beaulieu Vineyard in Napa, California, with the evening at Clos Pegase Winery, on Halloween.⁠[13]

Launches IGTV

Instagram launched IGTV, a standalone app for longer videos from creators. Onstage, Systrom said, “It’s time for video to move forward, and evolve,” adding that there were no ads in IGTV at that time.⁠[14]

Announces Departure from Instagram

Systrom announced that he and Mike Krieger would leave Instagram after eight years there and six years with the Facebook team; he wrote that the company had grown from 13 people to over a thousand and that they planned “to explore our curiosity and creativity again.”⁠[15]

Tension with Facebook and its CEO Mark Zuckerberg was widely cited as a factor in the departures; Instagram then served a community of over one billion users.⁠[16]

Reflecting on His Instagram Tenure

During his time as CEO, Instagram grew to over one billion users and launched video, live, direct messaging and Stories, with more than 800 employees, a campus in Menlo Park, an office in New York City and a new headquarters in San Francisco; he then lived in San Francisco with his wife and daughter.⁠[17]

Launches Rt.live with Krieger

During the COVID-19 pandemic, Systrom and Krieger launched Rt.live, a website tracking the rate of infection in all 50 U.S. states. He explained: “This number is important because if I infect more than one person, that means the epidemic grows exponentially.”⁠[18]

Appears on the Lex Fridman Podcast

He appeared as Instagram’s co-founder and former CEO on episode #243 of the Lex FridmanLex FridmanLex Fridman is a Soviet-born, US-raised computer scientist and podcast host who works as an MIT research scientist on human-AI interaction and autonomous driving. His Lex Fridman Podcast is known for hours-long conversations with guests including heads of state and technology leaders.Open the full entry Podcast, discussing the origin of Instagram, new social networks, the sale to Facebook, features, the whistleblower, machine learning and advice for startups.⁠[19]

Unveils Artifact

Systrom and Krieger introduced Artifact, a newsreader that uses machine learning to personalize the experience, with social features for discussing articles with friends; it initially used a waitlist limited to U.S. phone numbers.⁠[20]

Announces Artifact Shutdown

Less than a year after launch, Systrom announced that Artifact would shut down because “the market opportunity isn’t big enough to warrant continued investment in this way”; commenting and posting were removed immediately, while core news reading remained through the end of February.⁠[21]

Yahoo Acquires Artifact

YahooYahooYahoo is an internet brand that grew out of a 1994 Stanford web directory project created by Jerry Yang and David Filo; its businesses span email, search, news, sports, finance and advertising technology. After acquiring Viaweb in 1998, it launched Yahoo Store. In 2017 the original public company sold its operating business and was renamed Altaba, and the brand’s business came under funds managed by Apollo in 2021. Yahoo’s current chief executive officer is Jim Lanzone, and its official company page lists its headquarters in New York.Open the full entry announced that it had closed its acquisition of Artifact on March 29; Artifact would no longer operate as a standalone app and its personalization technology would be folded into Yahoo News and other products, with Systrom (CEO) and Krieger (CTO) advising during the transition. Systrom said: “AI has allowed us to give users a better experience discovering great content they care about.”⁠[22]

Testifies in the FTC’s Antitrust Case Against Meta

In the Federal Trade Commission’s case alleging that MetaMetaMeta (Meta Platforms, Inc.) is a publicly listed American technology company, renamed from Facebook in 2021, that operates social communication, digital advertising, virtual reality, smart glasses and artificial intelligence businesses.Open the full entry bought Instagram and WhatsApp to maintain a monopoly, Systrom testified that Zuckerberg came to see Instagram’s growth as a threat to Facebook and that Meta underinvested in Instagram; he acknowledged its growth “could have gone either way” but said “the probability of us failing was low.” Meta argued that Instagram had 13 employees and no revenue when acquired and that its growth depended on Meta’s backing.⁠[23]

Court Rules Meta Is Not a Monopoly

Related Organizations, Websites, and Public Accounts

Sources

  1. The Many Stories Of Instagram’s Billionaire Founder (opens in a new window)
  2. How Kevin Systrom got started (opens in a new window)
  3. Instagram co-founders share success story (opens in a new window)
  4. Kevin Systrom talks AI and his post-Instagram social app at TechCrunch Disrupt 2023 (opens in a new window)
  5. Burbn's Funding Goes Down Smooth. Baseline, Andreessen Back Stealthy Location Startup. (opens in a new window)
  6. How Luck And Intuition Helped To Build Instagram (opens in a new window)
  7. Confirmed: Instagram Reaches 1 Million Users (opens in a new window)
  8. Facebook to Acquire Instagram (opens in a new window)
  9. WAL MART STORES INC - Form 8-K - FY2014 (opens in a new window)
  10. Jim Walton Among Four Retiring From Walmart Board (opens in a new window)
  11. Walmart Nominates McDonald's CEO to Board (opens in a new window)
  12. Introducing Instagram Stories (opens in a new window)
  13. The Wedding of Kevin and Nicole Systrom (opens in a new window)
  14. Instagram launches IGTV app for creators, 1-hour video uploads (opens in a new window)
  15. Statement from Kevin Systrom, Instagram Co-Founder and CEO (opens in a new window)
  16. Instagram co-founders Kevin Systrom and Mike Krieger resign from Facebook (opens in a new window)
  17. Kevin Systrom — Tactics, Books, and the Path to a Billion Users (#369) - The Blog of Author Tim Ferriss (opens in a new window)
  18. Instagram's cofounders left Facebook. Now they're working on coronavirus. (opens in a new window)
  19. #243 - Kevin Systrom: Instagram | Lex Fridman Podcast (opens in a new window)
  20. Instagram’s co-founders introduce a new social app…for news reading (opens in a new window)
  21. Instagram's founders are shutting down Artifact, their year-old news app (opens in a new window)
  22. Yahoo announces the acquisition of Artifact, the news discovery platform created by Instagram cofounders, Kevin Systrom and Mike Krieger (opens in a new window)
  23. Instagram cofounder Kevin Systrom skewers Mark Zuckerberg, saying Meta starved his business after buying it for $1 billion over a decade ago (opens in a new window)
  24. Judge rules WhatsApp and Instagram acquisitions aren't monopolization (opens in a new window)