Facebook Founder Announces 10 Million Dollar Grant Fund
September 17, 2007 – 6:01 pmMark Zuckerberg has announced today, at the Tech Crunch 40, that the investors at Facebook have created a 10 million dollar fund to support companies that develop on the FaceBook platform.
The fund is open for application to existing developers as well as start ups. They are looking for ideas that are innovative and disruptive. No formal web site exists; however, you can pitch your idea directly at platform@facebook.com.
They do not require re-payment; however, they want first right of refusal upon obtainment of VC capital. The will fund between 25K and 250K.
6 Responses to “Facebook Founder Announces 10 Million Dollar Grant Fund”
More details:
http://www.techcrunch.com/2007/09/17/facebook-launches-fbfund-with-accel-and-founders-fund-to-invest-in-new-facebook-apps/
By ethomas on Sep 17, 2007
How about a Scholarship for the students who they built there empire from? That would of been nicer.
By Yasser on Sep 18, 2007
What do you think? Will this be a good idea?
By ChanceChat.com on Sep 18, 2007
so they are going to support more apps? They need to limit which apps are allowed. If they turn into myspace, we will see a downturn. Look at the outcome of how myspace has developed.
By Free Nature Photography Wallpaper on Sep 18, 2007
“How about a Scholarship for the students who they built there empire from? That would of been nicer.”
Yasser : Looks like you really need a scholarship.
By bharat on Sep 18, 2007
Rumor has it Mark Zuckerberg was hovering several inches off of the ground in a tropical rainforest in Fiji
By john romero iv on Sep 18, 2007