Facebook has raised $500 million from Goldman Sachs and a Russian investor, according to a New York Times report. As part of its deal with Facebook, Goldman is expected to raise as much as $1.5 billion from investors for Facebook.
The unfinished transaction values Facebook at $50 billion, more than Time Warner, eBay, and Yahoo. It also doubles the net worth of chief executive Mark Zuckerberg to around $15 billion.
The latest fundraising will also boost the billionaire fortunes of two other Facebook co-founders, Dustin Moskovitz (worth $1.8 billion on the 2010 Forbes 400) and Eduardo Saverin (worth $1.15 billion on the 2010 Forbes 400). Moskovitz left Facebook in 2008 to start another company, Asana; Saverin helped Zuckerberg found Facebook but stayed on to graduate from Harvard while Zuckerberg and Moskovitz dropped out.
It should also make the Winklevoss twins think twice about appealing their settlement with Facebook. The pair recently told the New York Times that they got a raw deal when settling for $40 million in shares and $25 million in cash with Facebook. As each month passes, the value of those shares just keeps climbing.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.