Website Worth Over 10 Million In Less Than 2 years

We’ve seen a host of deals recently in the Twitter app space, but here’s one that we now know didn’t happen: TwitPic selling out for north of $10 million.

Although he doesn’t say who the prospective buyer was, TwitPic (Twitpic) creator Noah Everett has revealed in an interview with Andrew Warner of Mixergy that he turned down an offer of “much higher than $10 million” at some point last year.

Beyond that, Everett says that Twitter (Twitter)’s most popular photo sharing site brought in $1.5 million of revenue during 2009, 70 percent of which went to the bottom line. Not bad for what started as one man’s side project without outside funding.

Check out the full interview below for some more details about one of Twitter’s biggest success stories to-date:

FOLLOW THE LINK BELOW TO WATCH HIS INTERVIEW

http://mashable.com/2010/01/14/twitpic-valuation/

source:mashable.com