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Mr Z
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Medial • 7d
Everyone laughed when Google bought a 22-month-old startup for $50 Million... Now, that "startup" has 3.9 BILLION users. It makes more money than Snapchat, Airbnb and Uber COMBINED. Here's how a "tiny" purchase now powers half the world: 2003: A tiny startup in Palo Alto had a wild idea. Not for phones — but for digital cameras. The founder, Andy Rubin, wanted to create an OS that would connect cameras to the cloud. The team noticed a massive shift: People were ditching standalone cameras for phones. So they pivoted to mobile. They planned to charge licensing fees — just like Microsoft. But when Android pitched Samsung in Seoul... Samsung laughed: "You have 6 people. Microsoft has thousands." 2 weeks later, with their bank account nearly empty, Larry Page called. He saw something everyone missed: If Microsoft dominated mobile like they did PCs, Google's future was at risk. After that google acquired android for $50M and they expanded beyond phones.
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