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![]() ![]() Things were going so well, in fact, that Mark soon decided to commit to the company and not return to Harvard for his junior year. As early as July, Silicon Valley bigwigs like Mark Pincus, Reid Hoffman, and Peter Thiel were lining up to give Mark cash. What finally sent the relationship between Eduardo and Mark down the tubes was Facebook's need for funding.Īs that first summer went on and grew more popular than anyone imagined, the company needed money to keep running. But putting ads up on Facebook to advertise it, especially for free, is just mean. This was pretty surprising to us, because you basically made something on the side that will end up competing with Facebook and that's pretty bad by itself. You developed Joboozle knowing that at some point Facebook would probably want to do something with jobs. Mark flamed Eduardo for this in an email: Worse, the ads were for a startup Eduardo was running entirely on his own, a job boards site called Joboozle. No fun things though?īut then Eduardo did something that really pissed Mark off: He ran unauthorized ads on Facebook. Zuckerberg: But that's OK because the business is fun. Zuckerberg: But in general we don't do fun things. Saverin: So you guys go out a lot to partiens and such there? One awkward IM exchange reveals how different Mark's life in Palo Alto was compared to Eduardo's life back on the East Coast: Eduardo Saverin went to New York for an internship at Lehman Brothers.Īccording to instant messages from this period, before Mark left for the West Coast, he asked Eduardo to work on three things: "to set up the company, get funding, and make a business model."Īlmost immediately after the move, the relationship between cofounders began to fray.Īt first, it was just a cultural divide. Six months after launched, as the summer of 2004 began, Mark Zuckerberg and Dustin Moskovitz moved to Palo Alto, California where they planned to work on in a rented house. Zuckerberg: I'm content to make something cool. Zuckerberg: Well I don't know business stuff Zuckerberg: Nah, he thinks it will make money. Zuckerberg: Eduardo is paying for my servers. In another IM conversation, this one from January 8, 2004, Mark described the arrangement this way: ![]() Eduardo was the kind of guy who wore suits to class at Harvard, and he left people-including Mark-with the impression that he was connected to the Brazilian mafia. Mark also partnered with Eduardo because Eduardo gave the impression he knew something about business. In one IM to a friend, Mark described his new partner, Eduardo, as the "head of the investment society." Eduardo was rich, Mark went on to say, because "apparently insider trading isn't illegal in Brazil." Mark, Facebook, and Eduardo declined interview requests for this story, but we can infer some of Mark's thinking from previously unpublished instant messages he wrote during the time. Why did Mark choose Eduardo to be his first business partner? ![]() The money, Mark promised, would go toward the servers needed to host a site that Mark wanted to develop. In late 2003, Harvard sophomore Mark Zuckerberg asked a Harvard student named Eduardo Saverin, a junior, to deposit $15,000 in a bank account that would be accessible to both of them. ![]()
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