Click image to enlarge.
The panic at absurd rumors of Facebook’s demise over the weekend, coupled with the Goldman Sachs Facebook investment frenzy at the beginning of this year got us thinking; Did initial Facebook investor Peter Thiel, who invested 500K early on and still thought Facebook was undervalued at $30 billion back in September, actually make the most impressive investment call in tech history?
So artist Audrey Fukuman, our rockstar intern Rip Empson and I set out to capture what the Facebook valuation trajectory looked like. And while trudging through all the speculation on this has raised some discrepancies concerning exact valuations, (I’m seeing anything from $4.9 million to $5 million for the Thiel financing but rounded up for consistency’s sake) I did my best to capture the zeitgeist through consensus, leaning heavily on reports on TechCrunch through the ages. And there were a lot of them, I think we did about three posts dealing with the Elevation Partners investment alone.
In researching this I also borrowed heavily from the official Facebook timeline, Crunchbase, The Harvard Crimson, Vator.tv, the WSJ, the NYT, countless TechCrunch posts as well as Adam Rifkin’s answer to the “How did Mark Zuckerberg retain 26% of equity after so many rounds of financing?” question on Quora.
Hey Facebook, you’ve come a long way baby.
Assorted thumbnails /via Crunchbase, Time, WWN, The Social Network, The Age and Data5.blog.de
Facebook is the world’s largest social network, with over 500 million users. Facebook was founded by Mark Zuckerberg in February 2004, initially as an exclusive network for Harvard students. It was a huge hit: in 2 weeks, half of the schools in the Boston area began demanding a Facebook network. Zuckerberg immediately recruited his friends Dustin Moskovitz and Chris Hughes to help build Facebook, and within four months, Facebook added 30 more college networks. The original idea for the term...
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