What Is Eduardo Saverin Doing Now? Inside the Life of Mark Zuckerberg's Facebook Foe
What is Facebook co-founder Eduardo Saverin now, and what's that whole tale about Mark Zuckerberg screwing over Eduardo? Let's have a look back.
The Gist:
- Eduardo Saverin co-founded Facebook.
- He's currently a wealthy angel investor.
- Mark Zuckerberg ousted Eduardo from the company.
Social media used to be totally transformed by means of the emergence of Facebook, and Mark Zuckerberg incessantly gets all the credit ... with the exception of he wasn't the just one who made the website conceivable.
Eduardo Saverin is an angel investor, that means he's known to supply large quantities of cash to get other people's tasks off the ground. Of direction, he makes some cash when issues pass smartly then, too.
"As a 21-year-old college student, I made the first seed investment into Facebook with the majority of my life savings. I am thankful and humbled to have played a part in Facebook’s remarkable transition from a then one-college specific social network to the most ubiquitous social utility in the world today," he wrote on his LinkedIn.
As a co-founder of the web site, he owned $2 billion price of stocks of Facebook in 2012.
Where is Eduardo Saverin now?
Eduardo has now moved passed the wild ride that used to be getting Facebook off the ground. "Today, through my venture capital firm, B Capital Group, I have the pleasure of working with and investing in entrepreneurs who are looking to change the world," he recapped on LinkedIn.
"As an investor and mentor, I work closely with an array of companies of all sizes and stages, from all parts of the world, that share one common thread: passion for cross-platform people-centric innovation with pan-global ambitions," he added.
Otherwise, the industry wealthy person's page is reasonably blank. It declares that he graduated from Harvard, co-founded Facebook, and is concerned together with his new investment company.
Luckily, Forbes is preserving observe of him. According to his profile on the newsletter, "he still derives most of his wealth from his small but valuable stake in Meta." (Meta, of course, is what was once prior to now referred to as the Facebook corporate.)
However, that does not mean he isn't a hit in his new projects. B Capital has "$6.5 billion in assets under management."
Currently, he ranks as the #1 wealthiest person in Singapore. As for his private life, Eduardo is also married to Elaine Andriejanssen and has one child.
"On my spare time, I cannot get myself to stop playing chess and reading up on meteorology, amongst other things," he notes on his LinkedIn.
Why did Mark Zuckerberg screw over Eduardo?
Mark and Eduardo have a annoying history the place Mark ousted his co-founder from the company in a sneaky way. Much of this tale used to be documented in the film The Social Network, however you must note that the film is from Eduardo's perspective as a result of the litigation they had been going through at the time.
The pair had disagreements of their normal control taste which began slightly of a feud. This included sides of the site itself and how they handled their employees. As their business differences grew, Mark decided it was time for him to fully take over. He persuaded Eduardo to surrender his balloting rights in the company.
This left Mark in price and he started to factor extra shares of the corporate in the marketplace. By doing so, he brought about all present stocks to be value much less, diluting Eduardo's portfolio. However, this move helped the value of Mark's own shares alongside Sean Parker and Dustin Moskowit.
Despite all the drama and proceedings, Eduardo turns out to have moved on. "I have only good things to say about Mark, there are no hard feelings between us," he instructed Veja.
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