INVESTOR, INVESTMENT & INVENTED.

 Facebook again? Yes. Again entry about Facebook. The topic that I like to share is about investor. But, I think this will be interesting entry since most of Decomers hate numbers. Shall I share it? I think let's start it. I would like to ask you, did you know how Mark Zuckerberg deal with investor and how the negotiation happen? Here I would share some background reading that I did.

 How many of you know the pioneer Facebook's investor? Everybody knows the co-founder of PayPal? Yes, he is Peter Thiel. Peter Thiel also a managing partner of The Founder Fund. Thiel make his first investment $500,000 into Facebook. Peter is Clarium Capital 's President and the Chairman of the firm's investment committee, which oversees the firm research, investment, and trading strategies. Before starting Clarium, Peter served as Chairman and CEO of PayPal,an Internet company he co-founded in December 1998 and was acquired by eBay for $ 1.5 billion in October 2002. That's some info about Peter Thiel. Now, continue with Facebook's investor.

Co-founder of PayPal, Peter Thiel

With millions more users, Friendster attempted to acquire the company for $10 million in mid 2004. Facebook turned down the offer and subsequently received $12.7 million in funding from Accel Partners, at a valuation of around $100 million. Facebook continued to grow, opening up to high school students in September 2005 and adding an immensely popular photo sharing feature next month. The next spring, facebook received $25 million in funding from Greylock Partners and Meritech Capital, as well as previous investor Accel Partners and Peter Thiel. The pre-money valuation for this deal was about $525 million. Facebook subsequently opened up to work networks, eventually amassing over 20,000 work networks. Finally i September 2006, Facebook opened to anyone with an email address.

In the summer of 2006, Yahoo attempted to acquire the company for $1 billion dollars. Reports actually indicated that Zuckerberg made a verbal agreement to sell Facebook to Yahoo. A few days later when Yahoo's stock price took a dive, the offer was lowered to $800 million and Zuckerberg walked away from the deal. Yahoo later offered $1 billion again, this time Zuckerberg turned Yahoo down and earned instant notoriety as the "kid" who turned down a billion. This was not the first time for Zuckerberg. Viacom had previously unsuccessfully attempted to acquire the company $750 million in March, 2006.

Now, everybody know a little bit how Facebook growth with the investment from many others company. I hope this help to gain your knowledge about the invested into Facebook.