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News Link • Technology: Software

Kevin Systrom First Turned Down Facebook — Now Mark Zuckerberg Bought Him For $1 Billion

•, Matt Lynley
That was back in 2004, when the company was just getting off the ground.

"Unfortunately, I decided I wanted to stay in school, and that's one of those decisions that I look back at--I would've loved to have been part of Facebook's growth over the years, but it was the first time I met those guys," Systrom told Fast Company last year. "It was certainly the harbinger for what was to come in my future."

Good thing he turned down Zuckerberg's offer — because Facebook bought Instagram today for $1 billion.

As a co-founder, it looks like Systrom will be getting at least $300 million in the acquisition.
 He probably would not have picked up that much money in Facebook's IPO. And he still gets to work at Facebook after all.

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