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T H E C O N T I N U E D
G RO W T H O F
P I N T E R E S T
Frank Cardia is a financial advisor with more than two decades
of experience as a leader in the financial services industry. He is
the co-founder of Augurey Ventures and a financial advisor at
Blue Sky Financial in Hackensack, New Jersey. Frank Cardia has
played a key role in funding various late-stage pre-IPO
businesses, including Pinterest.
Pinterest is a photo-sharing and image-
search website founded by Ben
Silbermann,Paul Sciarra, and Evan Sharp
in 2010.It was an immediate success,
ranking among the 10 most active social
sites in 2011 and quickly amassing over
10 million users. After eliminating an
invite-only member policy, the user base
grew from 49 million in February2013
to 70 million just five monthslater.
The company filed for an IPO in 2019, with an initial valuation of
between $10.6 and 11.3 billion. User activity spiked during the
COVID-19 pandemic. Revenue at the website increased by 55
percent between 2020 and 2021. Revenue continued to grow in
2022, albeit at a much slower rate, to $2.6 billion.
In 2023 Pinterest maintainsa health user
base of 435 million individuals
worldwide. The user base is unique
compared to manyphoto websites and
apps in that 70 percent of users are
female.

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The Continued Growth of Pinterest

  • 1. T H E C O N T I N U E D G RO W T H O F P I N T E R E S T
  • 2. Frank Cardia is a financial advisor with more than two decades of experience as a leader in the financial services industry. He is the co-founder of Augurey Ventures and a financial advisor at Blue Sky Financial in Hackensack, New Jersey. Frank Cardia has played a key role in funding various late-stage pre-IPO businesses, including Pinterest.
  • 3. Pinterest is a photo-sharing and image- search website founded by Ben Silbermann,Paul Sciarra, and Evan Sharp in 2010.It was an immediate success, ranking among the 10 most active social sites in 2011 and quickly amassing over 10 million users. After eliminating an invite-only member policy, the user base grew from 49 million in February2013 to 70 million just five monthslater.
  • 4. The company filed for an IPO in 2019, with an initial valuation of between $10.6 and 11.3 billion. User activity spiked during the COVID-19 pandemic. Revenue at the website increased by 55 percent between 2020 and 2021. Revenue continued to grow in 2022, albeit at a much slower rate, to $2.6 billion.
  • 5. In 2023 Pinterest maintainsa health user base of 435 million individuals worldwide. The user base is unique compared to manyphoto websites and apps in that 70 percent of users are female.