Thursday, September 27, 2012

Unknown and Interesting facts about Facebook

-The original founder of Facebook and CEO is 24 year old Mark Zuckerburg. Mark and 3 of his roommates created Facebook while attending Harvard University and launched the site on February 4, 2004 from their college dorm room. Forbes Magazine named Mark “the world’s youngest self-made billionaire” being worth an estimated $1.5 billion due to his creation of the popular website.The 41 year old American entrepreneur and Co-founder of Pay Pal- Peter Thiel, was the first person to invest in Facebook. It’s said his original investment in the social networking site in June 2004 was about $500,000 and as far as I know Peter still owns shares in that site.



Let's see who and all owns Facebook:

1)Mark Zuckerberg

Facebook stake: 28.2%
Value: $24 billion
Selected TIME Magazine's "Person of the Year" in 2010, Mark Zuckerberg has been credited for connecting the world via Facebook. Raised in Dobbs Ferry, NY, Zuckerberg began writing software while in middle school and by the end of high school, he had co-written a music recommendation program called Synapse Media Player, which Microsoft and AOL reportedly offered Zuckerberg a million dollars to further develop. "Zuck" however turned them down and ran off to attend Harvard. While in his ivy covered Cambridge dorm, Zuckerberg created Facemash, a website that compared students' photos side-by-side in a fashion similar to HOT or NOT.com. After disciplinary action from the school's administration, Zuckerberg shut down Facemash and began "thefacebook," initially only available to Harvard students. Zuckerberg has since defended the site in intellectual property disputes and spurned buyout offers from Viacom, Yahoo! and other suitors. The 27 year old CEO owns 28.2% of Facebook's B shares. Using an $85 billion valuation, Zuck's stake is worth just shy of $24 billion.

2)Accel Partners 

Facebook stake: 10%

Value: $8.5 billion

Though too young to drink alcohol, it must have been the $400 bottle of wine Jim Breyer offered Mark Zuckerberg at a posh Silicon Valley restaurant that helped seal the deal for Accel Partners' $12.7 million investment in Facebook. Breyer, a managing partner at Accel, was hot for a big deal to impress Accel's less than enthusiastic limited partners. Then Associate, now Accel Partner, Kevin Efrusy, got the inside lead on an early stage financing of Facebook by walking up to the firm's Palo Alto offices, uninvited, on April Fool's Day, 2005. Efrusy's due diligence uncovered Stanford users of Facebook who not only used the website, but literally obsessed over it, even missing their classes to "poke" friends. After a week of back and forth that saw another Facebook suitor, the Washington Post, get the cold shoulder, Accel finally nailed a deal that valued Facebook at $98 million. The $12.7 million investment gave the firm a 15% stake, and also included million dollar bonuses for Zuckerberg, Parker and Moskovitz (unusual in a VC round). Accel's stake (less Breyer's personal one) represents 190 million class Bshares, valued at over $9.0 billion.

3)Dustin Moskovitz

Facebook stake: 7.6%
Value: $6.5 billion

Man, was this guy lucky to be Mark Zuckerberg's roommate? Currently the youngest U.S. billionaire, Dustin Moskovitz was one of the original founding Facebook cadre. Born in Washington D.C., Moskovitz met his fellow co-founders at Harvard University in 2004 where they developed the social networking site from their dorm room. Moskovitz was an economics major before dropping out of college to relocate to Palo Alto, CA to work on Facebook full-time. Credited as both Vice President of Engineering and Chief Technology Officer, Moskovitz led the technical staff, oversaw the major architecture of the site, and was responsible for the company's mobile strategy and development. He left Facebook in 2008 to start Asana, a company that builds project management software to help companies collaborate. Moskovitz was able to gain the title of "United States Youngest Billionaire" over Mark Zuckerberg because he is eight days younger than his fellow co-founder.


4)Digital Sky Technologies

Facebook stake: 5.4%
Value: $4.6 billion

Russian Internet holding company, Digital Sky, grabbed 1.96% of Facebook stock in May of 2009 when it spent $200 million at a $10 billion valuation. Digital Sky, which is largely backed by a wealthy Russian oligarch, is the owner of Facebook clone VKontakte, the largest social network in Russia. Under the direction of Managing Partner, Yuri Milner (pictured), Digital Sky has also amassed sizeable positions in Zynga and Groupon, and is reportedly in talks to buy a substantial stake in Twitter. DST followed its initial stake in Facebook with large block purchases of stock from existing Facebook shareholders and employees. Digitial Sky also joined Goldman Sachs in 2010 for the investment bank's multi-hundred million investment round, with DST ponying up $50 million for yet another .1% of the firm (at a $50 billion valuation).


5)Eduardo Saverin

Facebook stake: 4%
Value: $3.4 billion

One of the three original founders of Facebook, Eduardo Saverin was a Harvard classmate of Mark Zuckerberg. Acting as the business partner of "The Facebook," in 2004, Saverin concentrated on developing advertiser relationships while Zuckerberg focused on product development. When Facebook moved its operations to Palo Alto and Sean Parker gained more influence, Saverin ended up on the losing side of a power struggle. Initially granted a 30% stake in Facebook, Saverin's position was whittled down as institutional investment rounds diluted his shares. Saverin was born in São Paulo, Brazil to a wealthy Brazilian Jewish family and was raised in Miami, Florida, the state where he initially incorporated Facebook. In 2006, Saverin graduated magna cum laude from Harvard University with a B.A. in Economics. Saverin at one point owned 5% of Facebook stock. However, as his name does not appear in the S-1 filing as a five percent owner, it's obvious that he's trimmed back his holdings substantially. Currently living in Singapore. Saverin has been spreading his bucks around and is a major investor in a new social network called Qwiki, as well as Jumio, an online and mobile payment product.


6)Sean Parker

Facebook stake: 4%
Value: $3.4 billion

Part tech genius, part bad-boy, Sean Parker has displayed uncanny foresight and comprehension of Internet business strategy. However, his fondness for hard partying and run-ins with the law have also left him as the odd-man out in business ventures. At the age of 16, Parker's Virginia home was raided by the FBI when he was caught hacking systems of Fortune 500 companies. In 1999, at the age of 19, he co-founded the file sharing (and wrong-side-of -copyright-law) music service, Napster. At a trendy Chinese restaurant in New York in 2004, Parker met Facebook co-founder Mark Zuckerberg and became a mentor and advisor to the rising entrepreneur. Much like Napster, Parker was able to foresee Facebook's success and societal contributions only months into its inception. Acting as the company's first President, Parker negotiated a deal with Facebook's first investors Peter Thiel and Accel Partners, giving Zuckerberg absolute control of the board of directors. Ousted from Facebook in 2005 for a drug-related arrest, Parker went on to become Managing Partner of Founders Fund, a San Francisco-based venture capital shop. Parker still acts as an informal advisor to Zuckerberg.


7)Peter Thiel

Facebook stake: 2.5%
Value: $2.13 billion

 In late 2004, Thiel became Facebook's first significant outside investor when he put up $500,000. Initially structured as a loan, the financing later converted to a 10.2% equity stake in the company. Born in Frankfurt am Main, West Germany, and raised in Foster City, California, Peter Thiel has been credited for launching and/or funding some of the most innovative startups of the last decade including Paypal, YouTube, and LinkedIn. Thiel maintains a seat on Facebook's board of directors and, in addition, serves as president of Clarium Capital, a hedge fund, and is a Managing Partner of VC firm, The Founders Fund. Thiel is known for being a package of contradictions due to the fact that he is a gay, Christian, entrepreneur, venture capitalist, libertarian, lawyer who, in 2010, launched the Thiel Fellowship, offering $100,000 in cash to aspiring entrepreneurs under the age of 20 to drop out of school and pursue their business endeavors. Due to selloffs and dilutions, Thiel's original stake in Facebook has been reduced to 3%.


8)Sheryl Sandberg


Facebook stake: .1%
Value: Currently $86 million; $1.8 billion after shares vest

Sheryl Sandberg has served as the chief operating officer of Facebook since 2008. Formerly the Vice President of Global Online Sales and Operations at Google, Zuckerberg wooed her away from Google after a series of stealthy meetings and dinners at Sandberg's home. Though her base salary of $300K is modest, Sandberg didn't leave her Google position for nothing. She is currently sitting on nearly 1.9 million shares of Facebook stock valued at nearly $90 million. But the real serious dinero will come down the road as nearly 40 million shares of restricted stock will vest. The one-time chief of staff for Larry Summers at the U.S. Treasury Dept. can then start her own Treasury with approximately $1.8 billion worth of Facebook shares.


9)Microsoft



Facebook stake: 1.6%
Value: $1.36 billion

Beaten in search by Google, and wary of Google's acquisitions in web video (YouTube) and banner advertising (Doubleclick) , Microsoft CEO Steve Ballmer  was willing to do whatever necessary to get in bed with Facebook, and seal the Seattle software goliath's foray into Web 2.0. Though interested in acquiring Facebook outright, an idea Zuckerberg nixed, Microsoft (NASDAQ: MSFT) opted for a complicated arrangement that included an advertising partnership and a small stake in the social network. Microsoft invested $240 million in the Fall of 2007 at what appeared to be a $15 billion valuation, which garnered Ballmer a 1.6% position. Eager that the investment not appear inflated, Microsoft welcomed the participation of Hong Kong billionaire Li Ka-Shing .Terms also precluded Google from making an investment in Facebook.However, Facebook's current $75 billion valuation means Microsoft's stake in privately-held Facebook has outperformed its own publicly-traded stock 5times..


10)Greylock Partners


Facebook stake: 1.5%
Value: $1.275 billion

One of the oldest VC(Venture Capital) firms in the country, Greylock got its piece of the world's hottest tech company by getting in on Facebook's $27.5 million Series C round.Meritech Capital Partners also participated in the financing along with existing investors Peter Thiel and Accel, who chipped in additional funds. With this financing Facebook was valued at over $500 million, five times the amount when Accel first invested. Greylock, founded in 1965, traces its roots to founders Bill Elfers and Dan Gregory, who both worked at the country's first institutional venture capital firm, American Research & Development, in Boston.


11)Meritech Partners


Facebook stake: 1.5%
Value: $1.275 billion
Meritech Capital Partners gained its Facebook shares by participating in the company's $27.5 million Series C round. Joining Meritech in the transaction were Greylock, Accel and Angel investor Peter Thiel, with the round valuing Facebook at over $500 million. Meritech Capital Partners was founded in 1999 in partnership with Accel Partners, Oak Investment Partners, Redpoint Ventures and Worldview Technology Partners, and currently manages more than $2.2 billion in capital.















12)Divya Narendra

Facebook stake: .022%
Value: $18.7 million

ConnectU co-founder Divya Narendra was born to two immigrant doctors from India and attended Harvard University in 2000, where he would later meet fellow co-founders Cameron Winklevoss and Tyler Winklevoss. In 2002, Narendra and the Winklevoss twins conceived the ConnectU predecessor HarvardConnection, a social network for Harvard students that would later expand to other universities. After utilizing the programming capabilities of two different Harvard classmates, Narendra approached Mark Zuckerberg for assistance. When Zuckerberg allegedly did not follow through on his agreement and later established his own social networking site, the founders of ConnectU filed lawsuit, which resulted in a $65 million settlement. Although Narendra continued to be embroiled in lawsuits surrounding Facebook, he moved on to co-found the professional investor networking site SumZero and attends law school at Northwestern University. In a 2010 interview with a Northwestern University publication, Narendra claims that his involvement with the Facebook lawsuits is what led him to pursue a career in jurisprudence.


And there are many more companies and people, about 28more of them owned facebook.

-Eleventh Richest Man in the World Invests In Facebook

This is Li Ka-shing also known as the World’s 11th richest man. This Chinese business tycoon has had his hand in a little bit of everything business orientated. He even had shares in Canada’s Imperial Bank of Commerce in 2005 which was worth about $1.2 billion. After following Facebook for a year the Chinese business man decided he wanted a part in the social networking site and on November 30, 2007 invested $60 million dollars.

Lets head to other facts:

-I found a fact kind of interesting but also weird. Syria security was concerned to stop a spam campaign that used Facebook to promote false teaching to children about religion and war. Basically most articles I have read claim the country of Syria is afraid terrorist groups and so on have much easier times getting to their children on the social site.Even China, Vietnam, and Iran have banned Facebook.
-1 in every 13 people on Earth is on Facebook
-In 20 minutes 1,000,000 links are shared on Facebook
-In 20 minutes 1,484,000 event invites are posted
-In 20 minutes 1,323,000 photos are tagged
-In 20 minutes 1,851,000 status updates are entered
-In 20 minutes 1.972 million friend requests are accepted
-In 20 minutes 2,716,000 photos are uploaded
-In 20 minutes 2,716,000 messages are sent
-In 20 minutes 10.2 million comments are posted
-In 20 minutes 1,587,000 wall posts are written

-People spend over 700 billion minutes per month on Facebook
-There are over 900 million objects that people interact with (pages, groups, events and community pages)
-People that use Facebook on their mobile devices are twice as active on Facebook than non-mobile users.
-Australian’s spend more time per month on Facebook than any other country at over 7 hours on average
-Facebook was almost shut down by a lawsuit by ConnectU who claimed that Zuckerburg stole the idea and Technology for Facebook (the issue was settled out of court)
-The USA has the largest Facebook user base with 155 million people which represents 23.6% of Facebook’s total users
-In 2008, a 23-year-old woman named Lauren Michaels created a group titled “I Need Sex” on Facebook. Within 10 minutes, she had 35 members and soon attracted 100—50 of whom she eventually slept with. Facebook has since removed her page.
-If Facebook were a country, it would be the fifth-largest country in the world, after China, India, the U.S., and Indonesia
So, these are the interesting and weird facts about facebook 

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