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October 23, 2011 07:35 pm GMT

(Founder Stories) Instagram-Backer Steve Anderson: Forget The Billion-Dollar Exits

(Founder Stories) Baseline Sequence 2 FS Instagram-tc_upload.mp4Steve Anderson'sBaseline Ventureshas a portfolio that includesInstagram, Heroku, and Weebly. Earlier this month, Baseline was partof a$1-million seed round in Crashlytics.In this episode of Founder Stories with hostChris Dixon, Anderson discusses investing in Instagram and what led him to become Baseline's founder in 2006.Anderson tells Dixon that after working for companies including Microsoft, eBay and Starbucks he was ready to strike off on his own. However, he lacked the roughly half-million to start his company and was not interested in trading a sizable chuck of his ownership (40-50%)to secure financing from a Sand Hill Road VC.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eMghzOgQNoQ/

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