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Smartphones have brought photography, a once secondary feature in cellphones, to the center of the industry’s evolution, creating ripe opportunities for overnight growth and exits; Facebook’s $1 billion acquisition of Instagram was one of the biggest stories in tech last year, and now, Instagram has acquired Luma, a Y Combinator startup that focuses on photo stabilization and sharing.
The global accessibility of camera phones, coupled with the abundance of superb photography applications, is also enabling users to produce high-quality photographs with little to no effort.
Ever since Louis Deguerre famously captured the Boulevard du Temple in 1838, the human race has taken more than 3.5 trillion photos, 10% of which were taken in the past year. According to this video, more photos were taken using the iPhone than any other camera, ever.
This massive influx of amateur photographers has given rise to several new ventures, from photo-sharing services such as Instagram and Snapchat, t
