Start Up Budget of Social Networking Sites? - GoFuckYourself.com

pornask · 10-20-2007, 02:24 PM

I've read this article somewhere but for the fuck of it - can't find it nowhere. It had the start up budgets of all major social networking and other community as well as video sharing websites there. As far as I remember, YouTube had some $300 million to get off the ground, FaceBook got half million from former CIA agent, etc. Does anyone know where I can find this information? Links?

Fap · 10-20-2007, 02:27 PM

did youtube really have 300M.. i dont think that is right..
ps: i love webair

pornask · 10-20-2007, 02:30 PM

I may be off, that's what I'd like to see some references, but it's been somewhere in that ball park.

fris · 10-20-2007, 02:36 PM

10 dollars

Fap · 10-20-2007, 02:36 PM

i thought some kids started it after a few year project..

pornask · 10-20-2007, 02:50 PM

Quote:

Originally Posted by banthis

i thought some kids started it after a few year project..

Well, it went like this. Some kids put together a proposal for YouTube and approached a number of rich people and organisations. When they got $300 000 000 together, they initiated works on the site and promotion through MySpace etc. I don't know how much exactly it was that they got, but it's in that neighborhood.

Anyone knows these figures exactly?

Fap · 10-20-2007, 02:57 PM

Quote:

Originally Posted by pornask

Well, it went like this. Some kids put together a proposal for YouTube and approached a number of rich people and organisations. When they got $300 000 000 together, they initiated works on the site and promotion through MySpace etc. I don't know how much exactly it was that they got, but it's in that neighborhood.

Anyone knows these figures exactly?

by "rich people" im guessing you dont mean random rich people, you mean venture capitalists

pornask · 10-20-2007, 02:59 PM

I suppose, yeah. Venture capitalists would likely be the right term

HereticRyan · 10-21-2007, 04:35 AM

Wow dude, you are not even close. Sequoia Capital led the first and second VC rounds for youtube. Together, they were about 12M.

Amazing, what some people will believe and not bother to fact check....

Vendot · 10-21-2007, 10:02 AM

What?

So you mean Zuckerman doesnt own 100% of Facebook!?!?!?

10-20-2007, 02:24 PM	#1
pornask So Fucking Banned Join Date: Aug 2006 Location: 253-233-241 Posts: 6,518	Start Up Budget of Social Networking Sites? I've read this article somewhere but for the fuck of it - can't find it nowhere. It had the start up budgets of all major social networking and other community as well as video sharing websites there. As far as I remember, YouTube had some $300 million to get off the ground, FaceBook got half million from former CIA agent, etc. Does anyone know where I can find this information? Links?

10-20-2007, 02:36 PM	#4
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,359	10 dollars __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

10-21-2007, 10:02 AM	#10
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	What? So you mean Zuckerman doesnt own 100% of Facebook!?!?!? __________________ "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

10-20-2007, 02:27 PM	#2
Fap Just Du It Industry Role: Join Date: Feb 2004 Posts: 12,094	did youtube really have 300M.. i dont think that is right.. ps: i love webair

10-20-2007, 02:30 PM	#3
pornask So Fucking Banned Join Date: Aug 2006 Location: 253-233-241 Posts: 6,518	I may be off, that's what I'd like to see some references, but it's been somewhere in that ball park.

10-20-2007, 02:59 PM	#8
pornask So Fucking Banned Join Date: Aug 2006 Location: 253-233-241 Posts: 6,518	I suppose, yeah. Venture capitalists would likely be the right term

10-21-2007, 04:35 AM	#9
HereticRyan Registered User Join Date: Sep 2007 Location: San Francisco Posts: 8	Wow dude, you are not even close. Sequoia Capital led the first and second VC rounds for youtube. Together, they were about 12M. Amazing, what some people will believe and not bother to fact check....