Eduardo Saverin was the first investor in Facebook when he paid $15,000 for the servers for TheFacebook.com.
Months later, while fellow co-founders Mark Zuckerberg and Dustin Moskovitz were living in Palo Alto, CA and looking to turn Facebook into a business, Saverin was partying in New York and interning at Lehman Brothers.
In order for Facebook to have any chance to succeed, Zuckerberg and Moskovitz had to find a way to cut off Saverin from having any association with Facebook. They did. A couple years and a few lawsuits later, Saverin’s stake is worth $1.1 billion. Poor guy.
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