startups

Why Facebook Rejects Startups

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Insiders know that getting close to Facebook product teams is the best the way to take your business to the next level. Pitching Facebook as a startup is hard, though. New Facebook features create a virtual gold rush for platform developers. New Facebook application-programming-interface features enable new ways to monetize virtual goods in social games, for example. New Facebook ads features create new ways to target advertising to specific users — audience segments like “everyone who has purchased virtual goods on Facebook” — creating huge opportunities for those who move to monetize first.

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Can Eduardo Saverin's New Investment Help Facebook Beat Google?

One of the original co-founders of Facebook, Eduardo Saverin, led the $8 million in venture financing of Qwiki. Calling this startup a maker of web query software oversimplifies the curated multimedia presentations that the Internet search tool produces. But because it seems like an obvious improvement over Google, we wonder how this innovation might benefit the leading social network.

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