FirstAdopter.com

Facebook Story

The glorious dot.com startup mania is back. Read about how a Harvard 21 year old drop out started his site that is valued at $100 million buckeroos.

Venture capitalists loved Zuckerberg’s pitch. Social-networking sites like Tribe and Friendster were already the rage, but Facebook had the advantage of a highly targeted youth audience. Peter Thiel, a co-founder of PayPal who runs his own investment firm in San Francisco, ponied up $500,000 to Facebook in late 2004. Accel Partners threw in $12 million this year, valuing Facebook at $100 million.