$400M Facebook Mistake Jan30


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$400M Facebook Mistake

Joe Green is most likely the Facebook roommate you’ve never heard of, but the Harvard graduate is trying to make a difference in the world, with friends.

Green lacks the name recognition of company co-creator Mark Zuckerberg , or even Eduardo Saverin, who famously helped launch Facebook, although he was there with the Internet entrepreneurs in that dorm where the social media powerhouse was born. And he walked away from it.

Green was one of Zuckerberg’s roommates at Harvard University in 2004, and was asked by the young man, who is now worth an estimated $17.5 billion, to drop out of the Ivy League school to join him in building the social media website, which is expected to file for an initial public offering this week.

After the two had gotten into some hot water with Harvard for a previous project — the “hot-or-not” website Facemash, the building of which was dramatized in Oscar-winning film “The Social Network ” — Green ultimately told Zuckerberg “no” because the school had threatened him with expulsion.

His decision not to join Zuckerberg could now be considered a $400 million mistake.

“We’d gotten into a little bit trouble with the previous project … and my father, who’s a professor, was not too happy with the prospect of me getting kicked out of school,” Green told ABC News. “Zuckerberg likes to make fun of my dad for this, but we’re still very close.”

Rather than following Zuckerberg and his team to Silicon Valley, Green followed his passion for politics and worked for John Kerry’s failed 2004 presidential campaign.

via Causes Founder’s $400M Facebook ‘Mistake’ – Yahoo!.

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