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Yes, actually Facebook started to grow with east-coast VCs, already had some success before they got Silicon Valley investors to go to the next step (because ea
by eloisant 11y ago
Yes, actually Facebook started to grow with east-coast VCs, already had some success before they got Silicon Valley investors to go to the next step (because east coast VCs weren't used to the SV amount of money). And obviously, moving to SV was a condition.
- nickpsecurity 11y agoThat fits in with my theme a bit. These people presumably had the business experience Zuckerberg lacked. They get it started. Then, SV grows it huge. Then, most people forget about east coast VC's and it's merely a "Silicon Valley success story." Revisionist history. Gotta love it. :)
- rhc2104 11y agoPeter Thiel was their lead angel investor, and Accel led their Series A funding. Both are Silicon Valley investors.