4 ms·

Isn’t this essentially what Zuckerberg did to his cofounder? Or some variant of the same recipe…,

• rexreed 3y ago
  Not quite -- Eduardo Saverin has had a pretty good life after he was diluted out. "Eduardo Luiz Saverin is a Brazilian billionaire entrepreneur and angel investor based in Singapore. Saverin is one of the co-founders of Facebook. In 2012, he owned 53 million Facebook shares (approximately 2% of all outstanding shares), valued at approximately $2 billion at the time" https://en.wikipedia.org/wiki/Eduardo_Saverin https://en.wikipedia.org/wiki/Eduardo_Saverin I'd say nothing like giving up a stake for $100
  • JustLurking2022 3y ago
    He had to go through a lawsuit to get them... kinda like the story.
  • jononomo 3y ago
    Saverin had to sue Zuckerberg to get the money though, which is what the guy in this story is also doing.
  • sergiotapia 3y ago
    How do you go from cofounder 50% to owning 2%? Did he just trust his friend like most of us would and the zucc made him sign a document he didn't bother to review?
    • aledalgrande 3y ago
      > after he was diluted out