Tumblr's First Employee: I'm Not 'Yacht-And-Helicopters' Rich, But I Have 'The Freedom To Work On Whatever I Want'

Marco Arment, Instapaper, Tumblr

Marco Arment began working on Tumblr with Tumblr CEO and David Karp before Tumblr was a company.

He and Karp had been working together as Website-building contractors for other companies, and between projects, Karp suggested they work on a project for themselves.

Yesterday, Arment told the story of how Tumblr grew from there on his personal blog, Marco.org.

Today, everyone is passing the post around saying its the best thing they’ve read about the startup Yahoo bought yesterday for $1.1 billion.

Arment says that the Tumblr sale won’t make him “yacht-and-helicopter” rich, but that “as long as I manage investments properly and don’t spend recklessly, Tumblr has given my family a strong safety net and given me the freedom to work on whatever I want.”

“And that’s exactly what I plan to do.”

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.