TwitPic Rejected a $10 Million Buyout Offer

With Twitter experiencing tremendous growth, a lot of Twitter apps have also taken off. We recently heard about OneForty raising $1.9 Million for its Twitter app store and now there is talk of TwitPic being valued at more than $10 Million.

TwitPic is the most popular photo sharing site for Twitter with 6.5 million registered users and thousands of photos uploaded everyday. A recent interview with Noah Everett, the founder of TwitPic, reveals that TwitPic rejected a buyout offer of more than $10 Million last year. This interview with Mixergy further reveals that TwitPic makes around $1.5 Million every year out of which 70% is net profit.

It is a remarkable achievement for a service that was started by Noah single-handedly without any outside funding. Even now, the TwitPic team only consists of 4 people including Noah’s parents. Here is the complete interview.

If you want to know more about TwitPic, check out our previous posts here and here.

Published by

Tehseen Baweja

Tehseen likes to write about Internet tools that make life easier. Check out his blog at Ijaar.com for more good stuff or follow him on Twitter @tehseenbaweja

  • Well see what happens, but with Twitters future being so shaky I would have sold the business if it was me personally.

    Till then,

    Jean

  • i heard that twitpic is a good site. But 4 Members working is really great.

    why they rejected $10 is, may be they are looking to earn more.

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