Systrom told Dorsey about the gratifying experience and explained that he couldn’t sell now. He wanted to make Instagram so big and important, it would be too expensive to be acquired by anybody. Dorsey said he understood. He introduced Systrom to Roelof Botha, a partner at Sequoia Capital, who started negotiating to put the venture firm’s money into Instagram. Systrom would tell his friends that Twitter never made a serious offer. In reality, they never offered him anything he wanted to take seriously. Only Zuckerberg understood what would appeal to Systrom: independence.
