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How To Turn $15,000. Into $1 Billion, Without Working

Discussion in 'BlackHat Lounge' started by The Scarlet Pimp, Sep 21, 2010.

  1. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    Eduardo Saverin was the first investor in Facebook when he paid $15,000. for the servers for TheFacebook.com.

    Months later, while fellow co-founders Mark Zuckerberg and Dustin Moskovitz were living in Palo Alto, CA and looking to turn Facebook into a business, Saverin was partying in New York and interning at Lehman Brothers.

    In order for Facebook to have any chance to succeed, Zuckerberg and Moskovitz had to find a way to cut off Saverin from having any association with Facebook. They did. A couple years and a few lawsuits later, Saverin's stake is worth $1.1 billion.

    http://www.businessinsider.com/meet...ce-sued-the-company-owns-5-worth-11-billion-5

    http://www.businessinsider.com/the-...sassinating-mark-zuckerbergs-character-2010-9
     
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  2. evertderuiter

    evertderuiter Newbie

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    Damn, that's a huge increase...