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Marco Arment sells majority stake in Instapaper to Betaworks

Didn’t see that one coming. I use Instapaper every single day, and I hope this keeps Instapaper around for a long time and frees up Marco to make more new stuff. From his post:

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 been in a similar place before; having a successful project that can continue growing but needs a bigger team and more resources, but you don’t want to make it your entire career. Marco, it seems, felt similarly before he made the decision to sell.

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Instapaper for Android

“Finally.”

I use a fairly cheap Android phone, because I don’t want to give ATT or Verizon any of my money, and I hate cell phone contracts. Instapaper was one of the apps I use everyday that was really hampered by the lack of a native client. Looks like that’s fixed, now.

The interesting thing here is that Marco Arment, Instapaper’s founder/developer, didn’t code the Android app himself. He hired an Android development house to do it. I wouldn’t be surprised to see more iOS-only apps go this way if it works out for him.