• by Joe Mandese  @mp_joemandese, August 23, 2012

That’s what Buddy Media’s Jeff Ragovin told social summit attendees that the ill-fated photo sharing platform Ofoto actually was.

“Who remembers Ofoto?,” he asked to a crickets-chirping audience response.

Undeterred, Ragovin said it was “the beginning of social before we knew what social was.” Then it’s beginning came to a sudden end, he said, when it was acquired by Kodak. (Who remembers Kodak? Chirp-chirp!)

“Kodak destroyed the,” Ragovin recalled, adding, “Now we aer seeing things like Instagram being bought for $1 billion with no business model. That is crazy.”