Wednesday, April 19, 2006

Bambi Francisco: Facebook funding

Bambi Francisco: Facebook funding:

They wanted a $2 billion acquisition price, but settled for $525 mm in post-money valuation? Hmm...

"Facebook received $25 million in funding for a $525 million pre-money valuation.
Nice work for Mark Zuckerberg, who in February 2004 started Facebook in his college dorm. Back then, he paid $85 a month for three months to get his startup going. Zuckerberg -- who turns all of 22 next month - told me once that if his idea failed, there's always Harvard"

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