2. MARK ZUCKERBERG
Born on May 14th,1984
Co-Founder & CEO of Facebook.
Became a billionaire at age 23
Times Person of the year: 2010
Net Worth: USD 19Bn
Part of the „Giving Pledge Campaign‟.
3. THE CHILD PRODIGY:
Showed interest in Computers from an early age.
At age 12, Created ‘ZuckNet’.
While in high School, created ‘Synapse’.
5. THE FACEBOOK
• Initially started off as „thefacebook.com‟ out
of their Harvard dorm room.
• Membership was initially limited to Harvard
students
• Later, expanded to other colleges &
universities.
•
September 2006 – accessible to everyone of
age 13 and older with a valid email address.
6. FINANCIALS
First Angel Investment
• Peter Thiel – USD 500,000
(10.2% stake) 3% - present.
• Reid Hoffman - LinkedIn
• Mark Pincus - Zynga
• Maurice Werdegar(Western
Technology Investment).
Series B funding
• Accel Partners – USD 12.7
Mn.
• Present Stake : 10%
• Facebook Value (Year 2005)
– USD 98 Mn
Series C & D Funding
• Greylock Partners – 1.5%
• Meritech Capital – 1.5%
• Microsoft – 1.6% stake in
2007.
• Facebook Value – USD
15Bn
7. FACEBOOK GOES PUBLIC
• Facebook Value: USD104 Bn.
• IPO raised USD 16 Bn = Third Largest in US History.
Taught by father;Tutor – David Newmann – ‘prodigy’Synapse – Micro & AOL tried to buy it for 2mn
AT Harvard, studied psychology & computer science.2nd year – course matchFacemash- starts fb.Quits Harvard
The website's membership was initially limited by the founders to Harvard students, but was expanded to other colleges in the Boston area, the Ivy League,and gradually most universities in Canada and the United States,corporations,and by September 2006, to everyone of age 13 and older with a valid email address.
Reid Hoffman- LinkedIn, Mark Pincus - Zynga
2011 – revenue 3.7bn = 12% from Zynga games
Check ‘critisisms of facebook’ Wikipedia page for info.Just six days after the launch of the site, three Harvard University seniors, Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra, accused Zuckerberg of intentionally misleading them into believing that he would help them build a social network called HarvardConnection.com, but instead used their idea to build a competing product.