The Accidental Billionaires: The Founding of Facebook - Chapters 19, 20 and 21 Summary & Analysis

Ben Mezrich
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Chapter 19: Spring Semester

Thefacebook now had 150,000 members and was adding 1,000 per day. Venture capitalists and company reps all hinted at monetary investments in the seven figures but none had made any concrete offers. A few advertisers had placed ads and the site was pulling in a little money but not near enough to support it. The company was registered as a LLC in Florida, with 65 percent ownership to Mark, 30 percent to Eduardo and 5 percent to Dustin. Chris would be figured in later for a percentage. With the semester close to an end, Eduardo landed a job in New York as an intern for an investment banker. Eduardo was a little disturbed when Mark announced that he, Dustin and his other programmers would spend the summer in the Silicon Valley near Stanford working on thefacebook site. Eduardo feared that the guys would have too...

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This section contains 395 words
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