Despite the numerous rounds of funding that Facebook has become widely known for over the past couple years, things were not so easy at the beginning. Right from the get go, Mark Zuckerberg and his family had to lend the company over $60,000 in order to cover costs after Eduardo Saverin, one of the [...]
In his brilliantly reported new book, “The Facebook Effect“, David Kirkpatrick provides a detailed recount of Facebook’s growth since first launching six years ago. One particular story which stood out to us illustrates the Silicon Valley mentality combined with Mark Zuckerberg’s disdain for MySpace.
Moskovitz was more interested in user numbers than historical analogies. [...]
It’s an inside half-truth that many friends of Mark Zuckerberg have told me over the years: Facebook knows when a relationship is about to end. My response was to always ask more questions as it actually sounded like a legitimate possibility. In David Kirkpatrick’s soon to be released book, “The Facebook Effect“, Kirkpatrick [...]
Microsoft’s investment in Facebook at a $15 billion valuation was one of the most buzzed about internet business deals in years given the unprecedented valuation assigned to Facebook shares. However most people are unaware that the deal took place after Mark Zuckerberg turned down an acquisition offer by Microsoft for more than the $15 [...]
