We are looking for a classy and quirky logo.
It would be nice to have a logo that hints at instagram, but not too closely, because ultimately we would like to allow users to upload photos from other services.
We are open to the idea of incorporating the instagram "ribbon" in the logo, but it is not a necessity.
We are using this logo competition to kick off a complete site redesign. A new logo is the first step. We'll be launching a separate competition for the new site design.
PLEASE don't consider the existing site or logo as a reference - we are after a completely new look.
We do not necessarily need a logo that instantly conveys the nature of our business: It does not need to contain products or printers or other obvious graphics.
The instagram logo itself can be found at http://instagram.com/
Sites that offer similar services are worth checking out for their logos, e.g: