Startups/VC/tech • 1y
How sequoia took a billion dollar revenge on Mark Zuckerberg 👇 In 2004, Sequoia approached Mark, they wanted to invest in Facebook, but Mark was not really interested to raise funds from them, so he decided to go to meet the partners in a pyajma and made a ppt which read "10 reasons you should not invest in our startup". Partners at sequoia were not really happy with his behaviour. Fast forward to 2014, Facebook acquired WhatsApp for a whooping 19 billion dollars. And guess who was the only investor in WhatsApp? None other than Sequoia. 😀 Sequoia invested around 61 million dollars in WhatsApp in exchange for 18 percent stake and in 2014 when Facebook acquired WhatsApp, they had to pay Sequoia $3 billion for that 18 percent stake in the company. Which is a 50x return btw. Not just with WhatsApp, but sequoia also got a little revenge when Facebook acquired Instagram in 2012. They again had to pay Sequoia millions of dollars. Finally, Sequoia had the last laugh in this saga. 😀
Honorary Mentions - ... • 1y
WhatsApp's $19 Billion Acquisition by Facebook Explained!! On February 19, 2014, Facebook acquired WhatsApp for $19 billion, making it the largest purchase of a venture-capital-backed company at that time. This acquisition followed WhatsApp's $1.5 b
See MorePassionate about tec... • 1y
Imagine tomorrow morning 🌄, you wake up and WhatsApp ask you to pay if you want to message your friend.Will you pay or you will just uninstall WhatsApp. If you would have been WhatsApp user before 2016, you might have paid for it .Yes, WhatsApp char
See More21. Curious, optimis... • 3m
Throwback to Aug 2023: I was in full-on Mark Zuckerberg mode. Thought I was building the next Facebook. I had this line on loop in my head: “A million dollars isn’t cool. You know what’s cool? A billion dollars.” Spoiler: That mindset is NOT cool.
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