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> He also invested early in FB, Snapchat, and Uber. Sources? I suspect origin will be himself. What does it mean to invest early in Facebook? FB completed its
by lloydde 8y ago
> He also invested early in FB, Snapchat, and Uber.
Sources? I suspect origin will be himself. What does it mean to invest early in Facebook? FB completed its last traditional
round in 2006. Personally, I’m a fan of GV, but it’s weird when someone says they invested early to mean outside of an angel investment / funding round. I’d be surprised if he was part of a FB round. Instead like other social media entrepreneurs he likely picked up some on secondary market or directly from a shareholder 2007+ as much for the narrative as the financial investment.
- withdavidli 8y agoI don't discount people that got it in secondary markets. It's not like they're only buying a few shares. I can't find outside sources. The most legit one is from WSJ[0], 200k investment in 2009. Hopefully they verified holdings and date of investment before printing. Crunchbase does list him as Angel/Seed Round investor in Uber in 2010[1]. [0] https://outline.com/8HHZFF https://outline.com/8HHZFF [1]https://www.crunchbase.com/funding_round/uber-angel--c76f9429#section-overview https://www.crunchbase.com/funding_round/uber-angel--c76f942...
- lloydde 8y agoEven if you don’t discount, do you agree that his FB investment is different from his angel investments?
- withdavidli 8y agoYes. It’s much earlier. Anything pre ipo, they’re going to be the first 1% of shareholders if the company does well. And many times you can’t even buy into those rounds without the right connections. Early is subjective vs if he said he was an angel round investor.