Re:A site devoted to documenting every Facebook investor
by cellis on Wednesday May 18, 2011 @05:41PM
(#2561946)
Divya Narendra (bottom), who came up with the idea, got less than 1/1000 what Mark Zuckerberg -- who executed on the idea -- received. Goes to show that ideas are worthless.
Re:A site devoted to documenting every Facebook investor
by blhack on Wednesday May 18, 2011 @05:49PM
(#2561969)
No, ideas aren't worthless, they're just worthless without execution.
I've got tons of ability to execute, and so do most of the people on this website, but what most of us lack are ideas to act on.
These ideas aren't specific to web-app concepts, either. They could be marketing ideas, or ideas for new datatype implementations, or the next trendy datastore.
I think this is something that a lot of hackers miss. You might be the smartest coder on the planet, but if you don't have something to code, then you're Stradivarius sitting in a box on a shelf.
Ability to execute is something that almost everybody who has ever seriously uttered the phrase "idea guy" lacks.
Re:A site devoted to documenting every Facebook investor
by brown9-2 on Wednesday May 18, 2011 @05:56PM
(#2561994)
Since the ConnectU case was settled out of court, isn't it incorrect to state this as a fact? No court ever ruled on this, unless I am missing something.
Re:A site devoted to documenting every Facebook investor
by KishoreKumar on Thursday May 19, 2011 @12:58AM
(#2562937)
I don't get it. How come Mark Zuckerberg owns only 24%? How are these shares distributed among these holders as it grew from a four person startup to this big giant company? Can any one point me to the complete story? I guess that will be a valuable read for fresh startups like us.
Re:A site devoted to documenting every Facebook investor
by yakto on Thursday May 19, 2011 @01:31AM
(#2562990)
"Only"?!
24% is a remarkable position for Zuckerberg to have maintained to this point, considering the amount of money they've raised and the "public" market cap of Facebook. Many founder/ceos of much smaller companies find themselves at around 10-20% after two or three rounds.
I've got tons of ability to execute, and so do most of the people on this website, but what most of us lack are ideas to act on.
These ideas aren't specific to web-app concepts, either. They could be marketing ideas, or ideas for new datatype implementations, or the next trendy datastore.
I think this is something that a lot of hackers miss. You might be the smartest coder on the planet, but if you don't have something to code, then you're Stradivarius sitting in a box on a shelf.
Ability to execute is something that almost everybody who has ever seriously uttered the phrase "idea guy" lacks.
24% is a remarkable position for Zuckerberg to have maintained to this point, considering the amount of money they've raised and the "public" market cap of Facebook. Many founder/ceos of much smaller companies find themselves at around 10-20% after two or three rounds.