Stanford's Entrepreneurship Corner: Mark Zuckerberg, Facebook

Investing in New Ideas

Description

Breyer discusses why Accel Partners decided to invest in Facebook and what they look for in new ideas before they convert them into ventures.

Mark Zuckerberg Biography

Mark Zuckerberg is the founder of Facebook, a networking tool used by college students to meet people, reconnect with old friends and arrange events. The company just redesigned its Web site and received venture capital.

Founded as Thefacebook in February 2004 by Mark Zuckerberg, Chris Hughes, and Dustin Moskovitz at Harvard, the website spread across campus and, within a few weeks, over half the undergraduate population had registered. The website then expanded to allow students from Columbia, Stanford, and then other Ivy League colleges to register. It became something of a network phenomenon, spreading rapidly to other schools, despite some competition from similar, local websites.

Courtesy of http://www.accel.com/people/index.php, http://en.wikipedia.org/wiki/Facebook.
http://www.msnbc.msn.com/id/6596533/site/newsweek, and
http://www.seacoastonline.com/news/09082005/biz_nati/61811.htm.

Facebook

Entrepreneurial Thought Leader Speaker Series

2005-10-26

1min 12sec

ID: 1505

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