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💫 Summary
This video explores the true story behind Mark Zuckerberg and Eduardo Saverin's falling out, detailing the events of the lawsuits and ownership disputes that led to Saverin's dilution of shares in Facebook, ultimately resulting in his unfavorable financial outcome.
✨ Highlights📊 Transcript
The video discusses the portrayal of Mark Zuckerberg and the events in "The Social Network" movie.
00:03
The movie is criticized for its accuracy and dramatic effect.
The perception of Mark Zuckerberg is influenced by the movie.
The video aims to uncover the real story behind Mark Zuckerberg's actions towards Eduardo Saverin.
The video emphasizes the importance of understanding legal paperwork and making informed decisions as a startup founder.
This section discusses the lawsuits involving Mark Zuckerberg and the portrayal of events in the movie 'The Social Network'.
03:09
The lawsuit from the Winklevoss twins and Divya Narendra accusing Mark of stealing their idea for a social network is mentioned.
Mark initially agreed to partner with them and help build their website.
Emails between Mark and the Winklevoss twins were made public during the lawsuit, and later private messages from Mark were leaked to the public.
The lesson from this story is that execution is everything, not just having a good idea.
06:21
The founders of Facebook felt that the other side did not uphold the spirit of the agreement and misled them about the company's valuation and stock.
Facebook's advantage over its competitors was its ability to execute with in-house talent.
Startups should treat their team members with specific skills as partners, not just employees.
Mark offered Eduardo two-thirds of the company in exchange for his participation, while Dustin Moskowitz got five percent of Mark's share.
09:32
Eduardo was the one covering most of the server costs.
Eduardo was tasked with setting up the company, getting funding, and writing a business model.
Eduardo ran another startup called jabuzzle and put ads on Facebook without Mark's permission.
Mark and Sean plotted to get Eduardo out of the company by creating a new Delaware C corporation and diluting Eduardo's shares.
12:42
Mark and Sean believed Eduardo had failed at his job and hadn't secured funding or written a business plan.
They wanted to change the distribution of ownership, which was set in the LLC's operating agreement.
LLCs are not suitable for companies going through multiple rounds of funding, as it requires rewriting the agreement each time.
C Corps work differently, where distribution is based on shares and new shares are issued to new stakeholders, causing dilution.
Eduardo froze the bank account and cancelled all existing checks and lines of credit, Mark's family had to inject $85,000 to help the company survive.
15:54
The convertible note had an evaluation cap of $5 million, converting to around 10.2% of the company's stock.
Eduardo froze the bank account of the Florida LLC and cancelled all existing checks and lines of credit.
Mark convinced Eduardo to renounce the voting rights of his shares and delegate them to Mark's shares, making Mark the only director in the company.
Eduardo's ownership share in Facebook was diluted from 30% to under 10% due to the issuance of new shares, resulting in him receiving only 0.3% ownership.
19:05
The dilution of Eduardo's shares was legal and justified.
The lawsuits between Eduardo and Facebook were settled, and his name was reinstated as a co-founder.
Eduardo's ownership in Facebook was reduced to 5% when the company went public, worth $5 billion.
Eduardo renounced his U.S. citizenship and moved to Singapore to avoid paying hundreds of millions of dollars in taxes.
Mark Zuckerberg retained 29% ownership of Facebook, making him one of the youngest billionaires in the world.
00:03climax of The Social Network movie lives
00:06in every Founder's head rent-free my
00:10brother's at the cleaners and what was
00:12your ownership Shear diluted down to
00:16.03 but it's also a complete lie I mean
00:21kind of yes it's Hollywood yes we know
00:23or we should know that all stories are
00:25twisted for dramatic effect holy
00:28 but even the book that inspired the
00:31movie script was criticized for its
00:32accuracy and more importantly the main
00:34consultant the source of details for the
00:37story was Eduardo Saverin himself
00:39precisely during the time that he was
00:41suing Mark Zuckerberg but for an entire
00:43generation of future entrepreneurs and
00:45I'm including myself in there this film
00:47gave us a first glimpse into a startup
00:49World The Social Network Mark Zuckerberg
00:51has turned his social networking website
00:53Facebook into what it could be to become
00:56a tech entrepreneur or so it seems every
00:57three minutes
01:00[Applause]
01:02first time I had ever heard about Peter
01:04Thiel or venture capital or shares of
01:06stock in all honesty I thought they were
01:07my lawyers even what we think of Mark
01:10Zuckerberg today is inevitably
01:12influenced by what we saw in this film
01:16and it's measurable in 2021 Forbes
01:18determined that most Americans saw Mark
01:21unfavorably which was disconnected from
01:23the perception of the brand or the
01:25company so what the hell actually
01:27happened here did Mark actually do
01:29anything illegal or was it just Eduardo
01:31signing without reading like to use my
01:33pen or was it Mark intentionally trying
01:35to screw his best friend we went on a
01:37hunt for the original story for the real
01:39story the facts not the fiction the
01:42numbers and the legal paperwork and this
01:44is a mandatory cautionary tale for any
01:47startup founder here's the real story of
01:50how Mark Zuckerberg screwed his best
01:52friend
01:53thank you
01:55[Music]
01:56now you're going to see in a minute the
01:59tricks that Mark was able to pull to
02:01screw Eduardo Sovereign in this
02:02transaction but the truth is that as
02:04Founders we have to make these decisions
02:06we have to sign these documents
02:07incorporate companies without a real
02:09understanding of what it means or what
02:11it could mean for the company in the
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03:32now this video this story honestly is
03:34inevitably about judging
03:37good we have facts yes but you're gonna
03:40afford an opinion about everybody who's
03:42involved in this story you're gonna
03:43judge and by all means do it do it in
03:46the comments it's no wonder that the
03:47script for the movie The Social Network
03:49written by this guy by the way one of
03:51the greatest screenwriters of our time
03:53plays during two lawsuits and and to
03:55understand what happened between Mark
03:57and Eduardo we must also understand what
03:59happens with the other lawsuit lawsuit
04:02one is from the Winkle bosses we have an
04:04idea we want to talk to you about it's
04:05called The Harvard connection you create
04:07your own page interest bio friend isn't
04:10this the exact project that we were
04:11working on and isn't this the exact
04:13person that we were working on it was to
04:16sued Mark for stealing their idea for a
04:18social network and for the most part the
04:20version of the story that's portrayed in
04:21the film is real so the Winkle bosses
04:24and divine Narendra did reach out to
04:26Mark to build their website Harvard
04:27connect Mark agreed to partner with them
04:30and to help them build their website and
04:32after that initial conversation on
04:34November 25th Mark sent a bunch of
04:36emails to them telling them how the
04:38project was sometimes moving along but
04:40also not because he was very busy I'm
04:42also really busy tomorrow okay anybody
04:45else feel like there's something up with
04:46this guy all of these emails are real
04:48when the lawsuit happened these emails
04:50were made public and Facebook's lawyers
04:52didn't question them so essentially a
04:54fact but years later another set of
04:57messages was leaked to the public
04:59private messages from Mark that showed
05:01his real intention surrounding Harvard
05:03connect it's it's hard to argue for Mark
05:06Zuckerberg on this one I mean the whole
05:07evidence points to what we all
05:09understood from the film he stalled the
05:12team to get the upper hand on the
05:13release of the Facebook now the movie
05:15thankfully doesn't bother you with all
05:17the details about the absolute legal
05:19chaos that was all of these lawsuits
05:22because it wasn't just the winklevosses
05:23and the company connect you suing mark
05:25it was Facebook suing back connect you
05:28and then a company called I2 Hub over
05:30their attempt to copy Facebook with
05:32another platform called social butterfly
05:34and then they settled this lawsuit
05:35Facebook agreed to pay connect you with
05:37a company nation of cash and shares but
05:39then more lawsuits happen connect you
05:41weeks just weeks after the settlement
05:43again questioning the value of the
05:46shares that they have received as part
05:47of the settlement they sued their Law
05:49Firm for malpractice who actually suit
05:51them back I mean let me be a judge here
05:53for a second the winklevosses are bad
05:55losers they were screwed by Mark yes but
05:57even after their first settlement they
05:59were still sour and they wanted to
06:01squeeze more out of this deal let's get
06:03the freaking nerd
06:05now how much of Facebook should they be
06:08entitled to I really don't know and I
06:10really want to hear what you guys think
06:12but the matter was finally settled by a
06:15panel of three judges in San Francisco
06:16years later who ruled that they were
06:18entitled to what they agreed that they
06:21were going to be entitled to when they
06:22settled that lawsuit originally in other
06:25words they said no backseats nobody put
06:27a gun to your head back in 2008 to take
06:29whatever however many millions of
06:31dollars why do these guys deserve a
06:33second feeling the the spirit of the
06:35agreement that we entered into uh has
06:37not been upheld by the other side uh
06:39with respect to part of the
06:41consideration being in equity they
06:43misled us to the evaluation of the
06:45company and the actual stock that we
06:46were to receive they were even sour
06:48about that and they even threatened to
06:50take this case to the Supreme Court
06:51which eventually stopped them now the
06:53lesson that many Founders will extract
06:55out of this whole story is don't tell
06:57your idea to anybody because they might
06:59steal it and I think that's a
07:01lesson the real lesson to me is that
07:04execution is everything
07:06it's not the first one to launch it's
07:08not the one that comes up with the idea
07:09it's who does it better more than an
07:11idea more than how smart or how cheating
07:14Mark might have been here Facebook had
07:17one advantage over connecting you its
07:18ability to execute with in-house Talent
07:21no contractors no external developers
07:23but the key skills to build Facebook
07:25were contained with the founding members
07:28of the company I see so many
07:30winklevances really I do in my work
07:33maybe maybe not as rich but the type of
07:35founder with an idea that is just
07:37looking to recruit a developer to build
07:40it and there's always that relationship
07:42it's my idea you're just my employee and
07:44you're building it so just do what I say
07:46and that's not how things work if your
07:48startup can't exist unless you recruit
07:50that person with that specific skill
07:52coding then they are as important to the
07:54company as you are so you must treat
07:57them as partners as your peers which is
08:00not the case in this story you guys were
08:02the inventors of Facebook
08:04you'd have invented Facebook and that of
08:06course brings me to mark and Eduardo's
08:07relationship not before throwing she had
08:09one last time at the winklevosses not
08:11because of the actor who played them but
08:13the real ones more recently because
08:15their crypto exchange crashed after they
08:17put too much trust in another Kiki
08:19character but that's a story for another
08:20day which we actually already covered
08:22but let's go back to Eduardo's story now
08:25for us middle class people it's always I
08:28guess it's always easier to relate to a
08:30rags to riches story Steve Jobs who was
08:32an orphan or you know that type of story
08:34Zuck was not that Eduardo zaverin was
08:37not that Eduardo was Brazilian he's the
08:39son of Roberto Saverin a well-known Rich
08:41businessman in Brazil investor in retail
08:43and real estate and Logistics that story
08:45in the movie about him learning
08:47hurricane patterns and predicting the
08:48price of oil the weather You can predict
08:51the price of heating oil like he also
08:52did wear a suit to class but remember
08:54the main source material for the film
08:56comes from a sour Eduardo Sovereign with
09:00an active lawsuit against Facebook the
09:02screenwriter also took some liberties
09:03from the books so here's really how much
09:06Sovereign was involved with Facebook on
09:09October 28 2003 a drunk married
09:11Zuckerberg hacked face match after
09:13breaking up with his girlfriend that's a
09:15fact it crashed Harvard's server after a
09:17few days not overnight and Sovereign was
09:20Piers supporting him through the breakup
09:22and the Mischief after the success of
09:24face match and some inspiration from the
09:26Winkle of answers he figured what he
09:28needed to build the Facebook now what we
09:30know about this comes from a combination
09:32of interviews with people close to
09:33Facebook during those first few years it
09:36partly comes from the leaked instant
09:37messages that we mentioned earlier and
09:39from the research on the book which
09:41there is some truth to it anyway
09:43apparently Mark didn't just want Eduardo
09:45next to him in the company because of
09:47the money Eduardo was connected he was
09:49head of the investment society and to an
09:51engineer like Mark who loves coding he
09:54needed this understanding of business
09:57and that's why Eduardo was key in
09:59exchange for his participation Mark
10:01offered him about two-thirds of the
10:03company Eduardo is CFO knows 30 of the
10:04company now the first company investment
10:06was actually one thousand dollars each
10:08according to Rolling Stone and even in
10:11one of the lawsuits Sovereign stated
10:12that they both had agreed to contribute
10:15twenty thousand dollars each in cash for
10:17the company and he actually claimed that
10:18Mark never brought that money in through
10:20an instant messaging conversation it was
10:22apparently clear that Eduardo was the
10:25one covering most of the server costs
10:27during that time now a new member Dustin
10:29Moskowitz joined the company got five
10:31percent out of Mark's share that's also
10:33a fact 65 for Mark Zuckerberg 30 for
10:37Eduardo Severin and five percent for
10:39Dustin Moskowitz now in the summer of
10:40that first first year Dustin and Mark
10:43moved to a house in Palo Alto fact well
10:46Edward where's Eduardo he got an
10:48internship in New York Eduardo didn't
10:50come out Eduardo was tasked with three
10:53things during this separation to set up
10:55the company to get funding and to write
10:57a business model which is not a thing
11:00you need these days imagine if sleeping
11:01had existed at the time they would have
11:03been done in a day now he actually did
11:05set up the company in April of that year
11:07a Florida limited liability corporation
11:09which was a bad idea we also made a
11:11whole video about that anyway the coast
11:14to coast separation between these two
11:16guys seemed to cause some trouble now
11:18Eduardo was running another startup
11:19called jabuzzle which was this job Board
11:21site he was running it on his own and
11:23apparently he put ads on Facebook for it
11:26without asking Mark first which of
11:28course sparked a discussion
11:31now during the summer mark and Dustin
11:33met Sean Parker and you have heard of
11:36him I'm Sean Parker what do you do you
11:37must be Eduardo and Christy and Mark
11:39Sean was really one of three co-founders
11:42of Napster having been in this startup
11:44World in California for a while he
11:45understood how to navigate all of this
11:47so Mark decided to skip school next year
11:49and to work entirely on Facebook as long
11:51as he could secure some funding hey guys
11:52come on back and Sean Parker was able to
11:55Rally investors around the starter
11:56mainly Peter teal now Peter Thiel was
11:59already a big well-known investor in the
12:00valley he co-founded PayPal and was
12:02therefore one of the so-called PayPal
12:04Mafia along with others like Elon Musk
12:06and the founders of YouTube and there's
12:08a whole video about it but there was
12:09still a problem there was a 30 problem
12:11here because the Company CFO a huge
12:14chunk of the cap table was on the other
12:16side of the country working on a
12:18different startup and seemingly not
12:20really interested in the Facebook and
12:22Mark tried Business Insider found an
12:24email from Mark offering Eduardo
12:26frequent flyer mile so he that he could
12:28come to California but regardless of
12:30what Mark thought for a VC one third of
12:32debt equity in the company is a really
12:35really bad deal it means that every
12:36future round of investment you're gonna
12:38have to explain why somebody who isn't
12:40bringing value to the business owns such
12:42a big chunk of it it can be truly a deal
12:46breaker for investors in the future and
12:48so Dustin muskowitz Mark and Sean Parker
12:51started plotting really how to get
12:54Eduardo out
12:56foreign
12:58Mark's head Eduardo had failed at his
13:00job he had a bad company structure he
13:03hadn't secured any funding and he hadn't
13:05written a business plan
13:06he was kind of right and and Sean could
13:08do all these things heck he already
13:10started and he made it quite clear
13:11Insider found several instant messages
13:13discussing this with various people he
13:16wanted to get Eduardo out and he did it
13:19and here's exactly what he did so an LLC
13:22had been created in Florida but LLCs are
13:24really bad if you want to raise Venture
13:26Capital that's true there's no trickery
13:28in that so it made a lot of sense to
13:30create a new a Delaware C corporation
13:32and have this Corporation absorb the
13:35Florida LLC and and its IP and the code
13:38and everything that's fine so far now
13:40Locs and C Corps work differently in one
13:42fundamental way and LLC is a partnership
13:45between people the rules are set in this
13:47operation agreement that defines what
13:49percentage of the partnership each
13:51member owns now they are really not
13:53shareholders but partners with a
13:55percentage of ownership now in order to
13:57change that distribution every single
13:59time a new agreement would need to be
14:01put in place and this is one of the
14:03reasons why LLCs are really bad for
14:05companies that are going to go through
14:06multiple rounds of funding because you
14:07don't want to be rewriting these
14:09agreement all the time now on a C Corp
14:11on the other hand distribution works by
14:13shares when you own shares in a C Corp
14:15you don't really transfer or sell those
14:17shares to anybody instead when new
14:19investors come along the company issues
14:22brand new shares to the new stakeholders
14:25now issuing shares creating shares means
14:27everyone keeps the same number of shares
14:30but since the company has created more
14:33shares the ones that you own represent a
14:36smaller percentage than the total this
14:38is called dilution your Shares are
14:40essentially diluted in value that is
14:42again a completely normal and expected
14:43practice companies around the world as
14:45they raise money from investors now the
14:47rules of how these shares can be issued
14:49are based on a different document that's
14:52called the bylaws now the bylaws are
14:54like the Constitution the governing
14:56document for everything that the company
14:58does and it's going to be really
15:00important in a second now in Facebook's
15:02specific case a new C Corp was
15:05established with a shared distribution
15:06that looked something like this
15:11different accounts vary in the exact
15:13numbers and we've been digging through a
15:16lot of data and documents to find the
15:18right numbers and this is the closest
15:20that we could find source from a
15:22combination of again Business Insider
15:24articles the book and the Facebook
15:26effect another book that tells the story
15:28now accounts say that when the new C
15:30corporation was established Mark agreed
15:32to change the distribution a little bit
15:34to increase Dustin's share ownership as
15:36well as carving out a portion for Sean
15:38Parker while leaving Eduardo's
15:40percentage ownership untouched for now
15:42now Peter Thiel and a couple of extra
15:44investors invested 510 000 via a
15:48convertible note a convertible note is
15:50like a loan that's eventually meant to
15:52convert into Equity into stock in the
15:54company but it happens later in the
15:56future with the next round of funding
15:58for the company the convertible node has
15:59something called evaluation cap which is
16:01about five million dollars in this case
16:02which meant that when the company
16:04secured additional funding this Capital
16:06would convert to around 10.2 percent of
16:09companies stock we have a whole video
16:10detailing how these convertible notes
16:12work we have a financial model template
16:13with a cap table section to run your own
16:16math in these cases and I'm going to put
16:18it in the comments but the point is
16:19everything so far has been perfectly
16:21done by the book something about this
16:23restructuring didn't sit well with
16:25Eduardo he he became suspicious and it
16:28was around this time that he froze the
16:29bank account to the Florida LLC Bank
16:31account which he still had some control
16:33over that's a fact I'd like to freeze
16:35this bank account and cancel all
16:37existing checks and lines of credit now
16:39we know about this because of the
16:40lawsuits we know that Mark's family had
16:42to step in and inject up to 85 000 to
16:45help the company survive through these
16:47days while Peter thiel's money came into
16:48the company it pays off to have Rich
16:51parents but soon enough Peter seals
16:52money came in things continued to
16:54operate smoothly through the end of 2004
16:56and that's when the company hit its
16:58first million users and here comes
17:00Mark's trick at the beginning of 2005.
17:02when signing for his 3.4 million shares
17:05in the new company Mark convinced
17:06Eduardo to renounce the voting rights of
17:09his share years and to delegate those
17:11voting rights to Mark's shares now so
17:14Mark became the only director in the
17:16company the company bylaws and the rules
17:18allowed him to make certain decisions
17:20without the need of approval from the
17:22other shareholders and then finally when
17:24signing his shares Eduardo also accepted
17:26that he was not going to be an employee
17:29of Facebook it's going to be like I'm
17:30not a part of Facebook and then finally
17:32in January Mark finally had everything
17:35he needed to execute his plan he issued
17:37millions of new shares and he didn't
17:40need shareholder votes for this he
17:42didn't even need to ask for your deal
17:44about it because remember this is a
17:46convertible note his investment is still
17:47considered a loan so he isn't a
17:49shareholder yet Peter Thiel and the
17:52other investors were still going to get
17:53that 10.2 percent on the future round of
17:55funding it didn't matter how the rest of
17:57the shares were distributed this was a
17:59real master plan devised over months by
18:01the Facebook team and confirmed by many
18:03leaked messages and inspired apparently
18:05by dirty tricks that Peter Thiel had
18:07learned through his time and started and
18:10Venture Capital now some accounts
18:11estimate that 9 million shares were
18:13issued by Mark during this time and the
18:15point is that these shares were to be
18:16issued as compensation to active
18:19employees in the company in exchange for
18:21staying longer or for their hard work in
18:23the business and this is also very
18:24normal this is called a stock option
18:25pool which is a common method to reward
18:27employees and startups and once again we
18:29made a whole video about it the
18:30difference here is that this stock
18:32option pool was huge and it was
18:33deliberately made to benefit to give
18:37those shares to the existing
18:39shareholders everyone except Eduardo to
18:42dilute his shares without him knowing
18:44because his number of shares was not
18:46changing it's just that the company had
18:49suddenly created many more shares and
18:51had given them to the same people mark
18:53would then double the shares for Sean
18:55Parker and for Dustin Moskowitz in
18:57exchange for their commitment with the
18:58company for another year and he would
19:00also take additional shares himself in
19:02exchange for his own involvement now
19:03since Eduardo was not an employee he
19:05would never be entitled to any of these
19:07stock options or additional shares by
19:09April 2005 5 the company closed another
19:11round of funding 12 almost 13 million
19:13dollars at a 98 million dollar valuation
19:16led by actual partners and this meant
19:18once again that the company was going to
19:19issue new shares that was going to
19:21delude everyone's shares evenly this
19:23time and when signing these documents
19:25that's where an Eduardo finally noticed
19:27and what was your ownership share
19:29diluted down to
19:31.03 it was never 0.3 by the way that was
19:35just made for dramatic effect but for
19:36the movie Works honestly pretty well he
19:38had suddenly been diluted from 30
19:40percent of the company down to under 10
19:43this trick was dirty but under the scope
19:46of the documents
19:48I think it could be justified as legal
19:50and it was really never judged by Court
19:52they reached the settlement now the
19:54lawsuits were settled while the book was
19:56still in process at some point Facebook
19:58had even removed Sovereign from the
20:00co-founder list my name's on the
20:01Masthead you might want to check again
20:02that's a fact which they have to
20:04reinstate after the settlement Sovereign
20:07stopped working with Ben and new
20:09interviews he speaks rather well of Mark
20:11he says that there are no hard feelings
20:12but damage was clearly already done now
20:16it's unclear how many shares Eduardo got
20:17after the settlement but here's how the
20:19cap table looked when Facebook went
20:21public in the stock market with 104
20:23billion dollar valuation Eduardo Scott
20:25was five percent that's five billion
20:28dollars for a fifteen thousand dollar
20:30investment and not a lot of help Eduardo
20:32by the way is a nationalized American
20:33and when being in America required him
20:36to pay a few hundred of millions of
20:37dollars in taxes he figured that it was
20:39just simpler to renounce his U.S
20:41citizenship and move to Singapore where
20:43there's no dividend tax as for Mark when
20:45Facebook I peeled he still had 29 of the
20:47company this made him officially one of
20:49the youngest billionaires in the world
20:50and the same was for the original
20:52founding team now Aaron Sorkin again one
20:54of the greatest screenwriters of our
20:55time adapted the script from the book
20:57that came out of Eduardo's side of the
20:59story it was called The Accidental
21:01billionaires what's special about it is
21:03that it captures this unique moment this
21:05this moment of an angry desperate Edward
21:08trying desperately to sink Mark for what
21:11he did to him now you'll you'll read
21:12dozens of articles online blasting the
21:14author questioning the veracity or the
21:17exaggerations in the book but after
21:19everyone became a billionaire except for
21:21the Winkle bosses I guess many of them
21:24stopped complaining The Social Network
21:25the film is brilliantly written to cause
21:28this Clash of feelings it's designed to
21:30leave the role of the antagonist open
21:31some of you will side with Mark because
21:33you identify it with his nerdy character
21:36or because you like Jesse Eisenberg you
21:38ever end up uh seeing seeing the film
21:40that
21:41social
21:43it was a
21:44wizard but some of you will side with
21:47Eduardo he has a valid case an agreement
21:49is an agreement and Mark intentionally
21:51schemed to walk out of it I don't know
21:54if Sean Parker is a douchebag as Justin
21:57Timberlake portrayed him but who is the
21:59antagonist who is the good guy here
22:02coming away guys see you next week
22:04[Music]
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FAQs about This YouTube Video

1. What is the true story behind Mark Zuckerberg and Eduardo Saverin's falling out?

The true story behind Mark Zuckerberg and Eduardo Saverin's falling out revolves around lawsuits and ownership disputes that led to Saverin's dilution of shares in Facebook.

2. How did ownership disputes affect Eduardo Saverin's shares in Facebook?

Ownership disputes resulted in Eduardo Saverin's dilution of shares in Facebook, leading to an unfavorable financial outcome for him.

3. What were the events that led to lawsuits between Mark Zuckerberg and Eduardo Saverin?

The events that led to lawsuits between Mark Zuckerberg and Eduardo Saverin involved ownership disputes and the dilution of Saverin's shares in Facebook.

4. What role did ownership disputes play in the financial outcome for Eduardo Saverin?

Ownership disputes led to an unfavorable financial outcome for Eduardo Saverin, as his shares in Facebook were diluted as a result of the disputes.

5. How did Eduardo Saverin's shares in Facebook get diluted?

Eduardo Saverin's shares in Facebook were diluted as a result of ownership disputes and legal actions between him and Mark Zuckerberg, ultimately leading to his unfavorable financial outcome.

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