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| Early Facebook backers and their |
| Early Facebook backers and their bets today
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| UNITED STATES OF AMERICA
, 15-May-2012
4:39:2 AM |
| Facebook's earliest venture-capital backers, especially at once-downtrodden outfit Accel Partners, will have reason to celebrate come Friday when the world's biggest social network is set to debut on the Nasdaq at as much as a $100 billion valuation.
Here is a look at some of these pioneering investors and what they are looking at now.
Efrusy did research and sourced Accel's original investment in Facebook, although Accel partner Jim Breyer sits on Facebook's board. Since then, Mr Efrusy has invested in businesses ranging from deal-a-day company Groupon to financing company Capital Access Networks
Currently, he spends a lot of time on flights to Brazil, where he made several investments last year, including: online travel site Despegar; brain-development company Mind Lab; online retailer Shoes4You; and online craft marketplace Elo7.
CHI-HUA CHIEN, KLEINER PERKINS
Chien was an associate at Accel Partners while getting an MBA at Stanford University, told the partners at Accel about Facebook, and did some research that led to Accel's investment.
In 2007, Mr Chien joined Kleiner Perkins, which has a number of high-profile consumer-Internet investments, many handled by Chien. The firm made an investment in Facebook around early 2011, a spokeswoman for Kleiner Perkins said. Chien was involved in Kleiner's investment in microblogging service Twitter, and sits on the boards of influence-gauging service Klout, social-network Path, and proximity-based marketing service Zaarly.
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