WhatsApp Messenger or WhatsApp as we normally understand it’s an essential part of our life now with nearly all the smart phone users trying out this smart program that changed the messaging scenario on the planet. WhatsApp is a cross platform instant messaging subscription service that uses web and cellular data for communicating and is supported by all the smartphones. WhatsApp client software can be obtained for iPhone, Blackberry 10, Windows Phone, Nokia S40, Symbian, Nokia Asha platform and Google Android. WhatsApp’s narrative is something like a rags to wealth one, its creator Jan Koum had an unbelievable journey from living on food stamps as a teen to being the CEO of an instant messaging giant.
Whatsapp Net Worth $19 Billion
Produced in Kiev, Ukraine on 24th February, 1976 Jan Koum is the creator of WhatsApp and Brain Acton its cofounder. In September 2007 Koum and Acton eventually left Yahoo for the great and took a year off and travelled around South America. In January 2009 Koum purchased an iPhone while he was still jobless and was eating into his $400,000 economies from Yahoo, within days he understood that the seven month old App Store has the capacity to develop and spawn into a new business. Urgently needing an iPhone programmer Koum met Igor Solomennikov a programmer in Russia and he promptly picked the name WhatsApp as it seemed like “what is up?” and a week after on his birthday i.e on February 24th 2009, he began WhatsApp Inc. in California and after Koum spent days creating the backend code to synch the program with all the phone numbers on the planet and he kept on upgrading it but he did not taste any success and was studying stopping when Acton guided him to work and give some more time to it.
A firm with a total worth of only $ 2-3 million based on the 500 million active users with a possibility to grow even further beyond expectancies did not find this acquisition coming but the creator and cofounder had other strategies when they intended to sell of their infant the instant messaging program “WhatsApp”. On 19th February, 2014 Facebook the big father of social networking world declared they were going to purchase WhatsApp for US $ 19 billion, which is the biggest acquisition to date. Facebook consented to pay with 184 million common shares of stocks, $ 4 billion in cash and promised to set aside 46 million additional share of stock which is vested for the WhatsApp creators provided that the business stays.
Koum visited Brian Acton who was still jobless and he joined the startup and convinced his five ex-Yahoo buddies to invest $250,000 in seed financing. Along with the $ 250,000 seed financing the creators negociate with Sequoia Capital and its associate Jim Goetz consented to pay $ 7 million. WhatsApp’s fantasy run continued and its user base skyrocketed reaching a whopping 200 million active users by February 2013 and its staff rose to 50. Sequoia Capital feeling the great rise of WhatsApp invested another $50 million taking the overall worth of WhatsApp to $ 1.5 billion.
Koum the creator of WhatsApp told Recode at a recent press conference that despite the rapid increase of the program focus will stay on supplying clean and functional instant messaging service to individuals and he also said that free voice call attribute may come into being in the not too distant future, a utopian dream but if understood that will really give the cellular sim service providers a run for their cash.
WhatsApp “has done to SMS on mobile phones what Skype did to international telephoning on landlines.