homepage Welcome to WebmasterWorld Guest from 23.22.204.36
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
Become a Pro Member
Visit PubCon.com
Home / Forums Index / WebmasterWorld / Community Building and User Generated Content
Forum Library, Charter, Moderators: rogerd

Community Building and User Generated Content Forum

    
Facebook Backers Announce $10 Million Fund For Start-ups
engine




msg:3453981
 4:37 pm on Sep 18, 2007 (gmt 0)

Online social networking phenomenon Facebook Inc said on Monday its backers have created an unusual $10 million fund to dole out grants to start-ups with ideas for innovative Facebook applications.

Facebook is working with its primary venture backers, Accel Capital and The Founders Fund, to create a way for people with new ideas to receive an initial funding grant of $25,000 to $250,000 that does not require the entrepreneur to give up any equity in the business they create, as venture capital does.

"We are looking for innovative and disruptive things," Mark Zuckerberg said of projects the grants might fund, in a keynote presentation at TechCrunch 40, a conference showcasing Web start-ups taking place this week in San Francisco.

Facebook Backers Announce $10 Million Fund For Start-ups [uk.reuters.com]

Get your Facebook ideas ready!

 

rogerd




msg:3454000
 4:48 pm on Sep 18, 2007 (gmt 0)

Wow, that's really aggressive. I suppose Microsoft and others have supported their platforms financially, but a public doling out of no-strings venture capital is a new wrinkle.

BarHopper




msg:3455045
 4:14 pm on Sep 19, 2007 (gmt 0)

Interesting - would like to hear what their return expectations are.

howiejs




msg:3455111
 5:01 pm on Sep 19, 2007 (gmt 0)

Great move. Google has their Gadgets Venture fund ready too

callivert




msg:3456757
 5:17 am on Sep 21, 2007 (gmt 0)

would like to hear what their return expectations are

apps is something that sets Facebook apart, and has a lot of potential IMO.
better apps means better user experience. So this is really a direct investment in the quality of their product.

Global Options:
 top home search open messages active posts  
 

Home / Forums Index / WebmasterWorld / Community Building and User Generated Content
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Home ¦ Free Tools ¦ Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About ¦ Library ¦ Newsletter
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved