Photo: Joi / flickr
In 2005, LinkedIn founder Reid Hoffman invested $37,500 in a budding college-only social network, he said in an interview at the TechCrunch Disrupt conference in San Francisco.That company was Facebook, and at the time, it was worth $5 million.
Despite the stock’s crash, Hoffman’s stake is still worth around $75 million, and he sold $36 million in shares at the IPO.
So he made approximately 3,000 times his initial investment.
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