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TwitPic Rejected a $10 Million Buyout Offer

by | Friday, 15th Jan 2010 | 3 Comments | Share

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.

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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

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  1. used tires on January 15th, 2010 at 8:47 pm #

    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

  2. Williams on January 15th, 2010 at 9:46 pm #

    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.