When Instagram was bought by Facebook earlier this spring for $1 billion, one question lingering on everyone's minds was how much VC firm Andreessen Horowitz made on the deal. The firm had made an early investment in the photo sharing startup but then bet against it after Instagram's pivot by later by supporting a rival. A few days after the Facebook-Instagram acquisition was announced, the firm's partner Ben Horowitz took to his blog to not only reveal the back story of the investment in Instagram, but also how much the firm had made off the deal under the terms of the acquisition—$78 million off of a $250,000 investmentSource: http://feedproxy.google.com/~r/Techcrunch/~3/1Dut035hyWY/
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