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.