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Eduardo Luiz Saverin is a Brazilian internet entrepreneur and investor. Saverin is one of four co-founders of Facebook, along with Mark Zuckerberg, Dustin Moskovitz, and Chris Hughes. As of 2012, he owns less than 5% of Facebook's shares and has a net worth of $2 billion, according to Forbes. He has also invested in early-stage startups such as Qwiki and Jumio.
During his junior year at Harvard University, Saverin met fellow Harvard undergraduate, sophomore Mark Zuckerberg. Noting the lack of a dedicated social networking website for Harvard students, the two worked together to launch The Facebook in 2004. As co-founder, Saverin held the role of chief financial officer and business manager. As Facebook rapidly expanded to universities across the US, internal conflicts and differences of opinion between Saverin and Zuckerberg regarding Facebook's direction resulted in Saverin's diminished involvement and influence in Facebook. The conflict peaked when Saverin's shares were diluted from the original 34.4%.
A lawsuit filed by Saverin against Facebook was settled out of court. Though terms of the settlement were not disclosed, the company affirmed Saverin's title as co-founder of Facebook. Saverin signed a non-disclosure contract after the settlement.
As of 2010, Saverin has liquidated at least $250 million worth of Facebook stock to later-stage investors such as Digital Sky Technologies, as well as via secondary exchanges like SharesPost.
Source: Wikipedia
During his junior year at Harvard University, Saverin met fellow Harvard undergraduate, sophomore Mark Zuckerberg. Noting the lack of a dedicated social networking website for Harvard students, the two worked together to launch The Facebook in 2004. As co-founder, Saverin held the role of chief financial officer and business manager. As Facebook rapidly expanded to universities across the US, internal conflicts and differences of opinion between Saverin and Zuckerberg regarding Facebook's direction resulted in Saverin's diminished involvement and influence in Facebook. The conflict peaked when Saverin's shares were diluted from the original 34.4%.
A lawsuit filed by Saverin against Facebook was settled out of court. Though terms of the settlement were not disclosed, the company affirmed Saverin's title as co-founder of Facebook. Saverin signed a non-disclosure contract after the settlement.
As of 2010, Saverin has liquidated at least $250 million worth of Facebook stock to later-stage investors such as Digital Sky Technologies, as well as via secondary exchanges like SharesPost.
Source: Wikipedia