The After-SXSW Acquisition: Tumblr Is This Year's Instagram

Written by Hugh Forrest | Thursday, May 23, 2013

David Karp at SXSW Interactive 2013David Karp at this year's SXSW. Photo by Rebecca Hedges Lyon

Last spring (shortly after its founder Kevin Systrom spoke at the 2012 SXSW Interactive Festival), Instagram was purchased by Facebook in an amazing $2 billion deal. This spring (shortly after its founder David Karp spoke at the 2013 SXSW Interactive Festival), Tumblr has been bought by Yahoo for a cool $1.1. billion. If you missed his session "Building Tools for Creativity" at this year's event, you can check out Karp's talk here.

So, will the Tumblr / Yahoo union succeed? We're sure that the transition to Yahoo will present a few bumps for this popular blogging application. Nonetheless, we are convinced that this 26-year-old entrepreneur has the smarts to flourish within the exciting Yahoo empire that Marissa Mayer is amassing. Meanwhile, our crystal ball wonders what high-profile startup founder speaking at the 2014 SXSW Interactive Festival will be acquired next spring. The success of Instagram and Tumblr should make the competition for speaking slots in Austin next March even more intense.