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Facebook didn't have founder vesting. Which is why Saverin has billions of dollars despite not really doing anything.
by argonaut 11y ago
Facebook didn't have founder vesting. Which is why Saverin has billions of dollars despite not really doing anything.
- jamiequint 11y agoHe actually has billions of dollars because he was the first investor in the company, he invested $18k in Facebook in 2004.
- argonaut 11y agoNo, most of his stake is almost certainly from shares given to him as a founder. Mark Zuckerberg publicly admitted at Startup School that it was a billion dollar mistake not to have founder vesting (because he didn't know anything about startups at the time), and claims that Eduardo "just bounced." Anyways, this is irrelevant because the fact is Facebook initially did not have founder vesting.