Max Levchin's Billion-Dollar Gaffe

Max Levchin Guitar Hero

Photo: Joi via Flickr

In the early days of Zynga, Mark Pincus was struggling to find users for his games on Facebook.He was also friends with Max Levchin, the founder of Slide. Slide was one of the top third-party app developers on Facebook at the time.

Pincus offered Levchin and Slide a share of Zynga if it were able to help Zynga acquire new users on Facebook, two sources close to the company told Business Insider.

One source said Zynga offered Slide up to 10 per cent of the social gaming company in exchange for help acquiring new users.

Today, that share would be valued at more than $1 billion.

For better or worse, the deal didn’t go through.

Levchin still got a decent exit with Slide, which he sold to Google for $182 million.

When briefed on the story, Zynga declined to comment, saying it does not comment on rumours or speculation.

We emailed Levchin and haven’t heard back.

Are you a current or former employee at Zynga? We want to hear what it’s like there, and you’ll remain completely anonymous! Shoot us a message at [email protected]

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