Ben Silbermann, Paul Sciarra, and Evan Sharp founded Pinterest in 2010, a photo sharing website with social networking features where people can create theme based image collections and share their experience and interests. Generally, users post their favorite photos – photos of pretty people, products, dogs, houses, monuments, flowers, and landscapes. Pinterest experienced tremendous growth in 2011; it successfully grabbed attention of 11 million people with approximately $1billion monthly pageviews. According to some recent reports, Pinterest has an impressive 40% growth rate and ranks #129 on Alexa. Pinterest demonstrates itself as “an online pinboard to collect and share what inspires you. You can discover new things hand-picked by people who share your interests.”
Its growth inspired some reputed investors and entrepreneurs including Jack Abraham, Shana Fisher, Scott Belsky, Michael Birch, Ron Conway, Brian S. Cohen, Kevin Hartz, Jeremy Stoppelman, Hank Vigil, and Fritz Lanman who offered to invest money. Pinterest is based at Palo Alto, California under the supervision of Ben Silbermann, Paul Sciarra, and Evan Sharp and their small team of tech professionals. Noted and investors include. In 2011, the company successfully secured $27 million in funding from Andreessen Horowitz.
In 2011, Time magazine listed Pinterest among its “50 Best Websites of 2011”; In December 2011, Hitwise listed the company among the top 10 social networks with 11 million total visits per week.
