Another great case study coming up as Facebook acquires FriendFeed. We have had Microsoft, then Google and now we see Facebook flexing their muscles as the Internet moves into web 2.0.
Scobleizer has been pushing the joys of FriendFeed. I hope that he is on a percentage - he deserves to be!
So FriendFeed has been sold hardly before it has become a mainstream social network product. But check out the CVs of the founders of FriendFeed - talk about a great team; great people with amazing pedigrees.
I wonder who had the vision to back the business plan and who worked out the business plan resource?
From Google: “That’s not all. Along with the announcement of the FriendFeed public beta, the company is also announcing a $5 million round of funding from Benchmark Capital as well as FriendFeed co-founders Paul Buchheit, and Sanjeev Singh. Considering the fact that FriendFeed was created by ex-Googlers, it’s probably not surprising that the company has wrangled some funding at all.”
Facebook paid nearly $50 million for the company, in a combination cash and stock offer, according to people familiar with the matter. The company paid roughly $15 million in cash, with the rest in Facebook stock that vests over several years and would be worth roughly $32.5 million based on the $6.5 billion common valuation an investor recently placed …”
Hat tip: Scoble also known as The Scobleizer. Where will he lead us now?
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