And that David Karp, the creative genius and quintessential minimalist, is the right guy to lead Tumblr to glory.

FORBES: Tumblr: David Karp's $800 Million Art Project

David Karp dropped out of high school, then created Tumblr, which has been acquired by Yahoo in a blockbuster deal.

NPR: 10 Things To Know For Today

Appropriately, Wilhite received his Lifetime Achievement Award from David Karp, the founder of Tumblr, one prominent place where GIFs found a new fanbase.

CNN: It's settled! Creator tells us how to pronounce 'GIF'

In 2013 David Karp has a race on his hands: Can he break into the black before needing to hold his hand out again for investors?

FORBES: Tumblr: David Karp's $800 Million Art Project

Tumblr Chief Executive David Karp has focused on building the company's user base for its minimalist blogging platform while leaving for later the question of earning money.

WSJ: Yahoo to Buy Tumblr for $1.1 Billion

Chief Executive David Karp, who has so far focused on building the company's user base, in the past has scoffed at the idea of placing ads on users' blogs.

WSJ: Tumblr's President Resigns

David Karp will remain CEO.

FORBES: Promising 'Not To Screw It Up', Yahoo! Acquires Tumblr For $1.1 Billlion