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Venture Capital 101: How An Idea Becomes A Company Almost exactly a year ago today, Facebook was all over the news. It shelled out a cool billion for Instagram in April 2012 and then a little more than a month later, went public. It was the largest ever IPO in internet history, with a valuation (at least briefly) of $104 billion -- and it made a lot of people very wealthy (or at least, a whole lot wealthier).
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