The Accidental Billionaires: The Founding of Facebook - Study Guide Chapters 25, 26 and 27 Summary & Analysis

Ben Mezrich
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Chapter 25: San Francisco

Sean attributed Eduardo's actions over the past several weeks for helping to convince Mark to go ahead and meet with the investors he had recruited. Cutting the credit line and freezing operating money could have destroyed the company. If the servers went down and there was a lapse in service, there could have been an exodus of disaffected users which would serve to ruin the site's reputation. Sean guided Mark in restructuring the company as a Delaware LLC. Mark used money intended for his tuition to keep the company above water. He received another letter from the Winklevoss twins warning him that they planned to file a lawsuit. In Sean's view, the Winklevoss twin's claims were groundless. However, if they filed a lawsuit, Mark would need several hundred thousand dollars to defend himself. It was crucial that they money be...

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This section contains 671 words
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Buy The Accidental Billionaires: The Founding of Facebook Study Guide
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