I’m happy to announce that I’ve sold a majority stake in Instapaper to Betaworks. We’ve structured the deal with Instapaper’s health and longevity as the top priority, with incentives to keep it going well into the future. I will continue advising the project indefinitely, while Betaworks will take over its operations, expand its staff, and develop it further.
I’ve known Betaworks for years, and I’ve spent a lot of lunches at their office. They have great engineering talent, great product direction, and plenty of experience running services at Instapaper’s scale. I wouldn’t put Instapaper in just anyone’s hands, and I know that they’ll do right by it.
With Betaworks’ drive and resources now behind it, I’m confident that Instapaper has a very bright future. I’m looking forward to seeing what they can do.
I think Borthwick & Co is exactly the right group to see this to the next level, too.
As an avid user of Instapaper, I have a few thoughts that I will put to paper, mostly about what goes on after hitting the ‘archive’ button, because I want to hold onto many links, and share them with others. And for that, I have been trying out a long list of interesting but incomplete tools, like Dispatch.io, Mightybell.com, and others. Best would be a single tool, which could be Son of Instapaper.
More to follow.
Congratulations to Betaworks and Marco.