11-4-08 - Entrepreneurship Class Notes 11/4/08 Is Facebook...

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Entrepreneurship – Class Notes – 11/4/08 Is Facebook an Opportunity? Could Facebook Get Resources? Could they get seasoned management What is Facebook? For Whom is it geared? It’s a website Social Networking site o Free Originally geared towards college students, then high school, How does facebook make money? Banner Ads Targeted Groups Announcements Tell Me About Facebook’s Founder He did not have a grand plan He just wanted the service – he developed it for the heck of it He was not concerned about making money What is Facebook REALLY designed to do? So that you can meet people Security Concern What do you think of the mission versus the risks to users?
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What were Facebook’s Initial Financings? Angel investor - $500,000 from Peter Thiel ACCEL PARTNERS - $12 million o $100 million valuation Why are the characteristics of an entrepreneur and the team so important? What does the entrepreneur have to do in order to make money?
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11-4-08 - Entrepreneurship Class Notes 11/4/08 Is Facebook...

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