David Rosenthal: evaluation

Transcript context

…There is one other fun thing to know here before we move on from the $50 million that Sequoia invested. Jan and Brian tell Jim, “By the way, we don’t need your money because we never spent any of the original $8 million.” After the deal closed, they actually sent a screenshot or a photograph or something of the bank account before the financing that says $8.125 million or something like that to prove it to him that, “Yes, we grew to 50 employees and we scaled and we didn’t need to spend any of your money in the first place.” I think it was actually over $8. 25 million because it was over the total amount of capital they had raised altogether, including the $250 million seed round. But before the $50 million around Jan and Zuckerburg do end up getting lunch together. Nothing happens, but Zuck makes it clear. He’s really, really interested in what WhatsApp is doing and there might be really interesting things that these two companies could do together. Of course, Facebook has gone public and had a public liquid currency. I’m sure all of these things work. Stock may have been in quite the dip, but still.…

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