{"id":19170,"date":"2020-06-13T06:35:10","date_gmt":"2020-06-13T06:35:10","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/the-complicated-calculus-of-taking-facebooks-venture-money.html"},"modified":"2020-06-13T06:35:10","modified_gmt":"2020-06-13T06:35:10","slug":"the-complicated-calculus-of-taking-facebooks-venture-money","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/the-complicated-calculus-of-taking-facebooks-venture-money.html","title":{"rendered":"The complicated calculus of taking Facebook\u2019s venture money"},"content":{"rendered":"

Facebook is reportedly<\/span> getting into the venture capital game, but for young entrepreneurs working in social media, ignoring or deleting that particular friend request could be the right call.<\/p>\n

According to a report in Axios<\/a>, the company is building up a corporate fund under the auspices of its \u201cNew Product Experimentation\u201d team, which launched last year<\/a>. The company posted a job opening looking for a \u201chead of investments\u201d for the new division and now has new job openings in the group for two \u201cfounder\u201d positions in New York City and Menlo Park, California.\u00a0<\/a><\/p>\n

Axios reported that the role would \u201cmanage a multimillion dollar fund that invests in leading private companies alongside top venture capital firms and angel investors,\u201d according to a now-deleted post. The new hire will join Shabih Rizvi, a former partner at the Alphabet-backed corporate venture firm, Gradient Ventures, who began his career in venture at KPCB.<\/p>\n

While Facebook <\/a> said that the new investment arm would complement the work that the company already does to support startups through accelerators and hackathons, investors at some of Silicon Valley\u2019s venture capital firms were skeptical. Perhaps with good reason, since the group that houses Facebook\u2019s new investment team is hiring its own \u201cfounders\u201d and has already developed a few apps<\/a> that could compete with existing startups.<\/p>\n

\n

Facebook\u2019s first experimental apps from its \u2018NPE Team\u2019 division focus on students, chat music<\/a><\/p>\n<\/blockquote>\n

\n

\u201c[Money] of last resort,\u201d one investor wrote in a text. Another said it would be a way for Facebook to spot potential acquisitions early enough to avoid triggering antitrust concerns, which may be good for Facebook, but bad for startups. \u201c[Facebook] can\u2019t buy 100 million-user apps any more,\u201d this investor wrote in a direct message. \u201cIt needs to buy them closer to 10 million.\u201d<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunch\/social\/~3\/qkgir4-ddC0\/<\/p>","protected":false},"excerpt":{"rendered":"

Facebook is reportedly getting into the venture capital game, but for young entrepreneurs working in social media, ignoring or deleting that particular friend request could be the right call. According <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[10,7,14,15,6,12,11],"class_list":["post-19170","post","type-post","status-publish","format-standard","hentry","category-latest-update","tag-computer-news","tag-downloads","tag-microsoft-download-news","tag-networking-updates","tag-technology-update","tag-wordpress-plugin-download","tag-wordpress-theme-download"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t