Re:Sam Altman talks with Mark Zuckerberg about how to build ...
by jeevestobs on Tuesday August 16, 2016 @11:44PM
(#12302395)
There's details of this on page two of this Business Insider article.
http://www.businessinsider.com/how-mark-zuckerberg-booted-hi...
"His plan: Reduce Saverin's stake in TheFacebook.com by creating a new company, a Delaware corporation, to acquire the old company (the Florida LLC formed in April), and then distribute new shares in the new company to everybody but Saverin."
> I don't know. I think it became a formal Delaware company when Peter Thiel invested about six months in.
Isn't this an outright lie? He sure stammered over his answer. He's joked himself about the fact that Edwardo incorporated Facebook as a Florida LLC originally.
This is how history gets rewritten to be more streamlined...
The fact is Zuckerberg was extremely ambitious about starting a company and had many attempts. That Florida LLC could've been dissolved easily if Facebook had failed. There's no downside to incorporating really.