Facebook is gearing up for the big game. They have just hired a Web veteran from AOL to fill its VP marketing role and to help find new ways to bring in revenue. I have two friends who were being considered for this job and it turns out they hired someone who is much younger. Mr.Chamath Palihapitiya 30 years old and Canadian (I was told) was a former executive at AOL. Their mission plan to get $30mm of profit from $150mm of revenue (which isn't a lot) and need to find creative ways to monetize their assets. Not exactly an easy task.
Facebook is very hot these days. A Silicon Valley-based venture investment unit AppFactory announced to provide a $300mm cash commitment (from Bay, parent of AppFactory). They will be in units from $25,000 to $20mm and available to Facebook developers with good ideas. They will fast track these investments and Bay doesn't want you to wait for months while they perform due diligence. The beauty is that these investment decisions will be based solely on instinct. Follow this link and get your money here baypartners.com/appfactory. Quick. Cash is waiting.
Some are saying Facebook is the next Google. That's a little too early.
