Reid Hoffman Made 3,000 Times His Initial Investment In Facebook

Reid Hoffman
LinkedIn founder Reid Hoffman invested $37,500 in Facebook in 2005.  He revealed this info while on stage in an interview at the TechCrunch Disrupt conference in San Francisco when being interviewed by Michael Arrington.  When Hoffman made the investment, Facebook was being valued at around $5 million.  Even after Facebook’s stock price dropped, Hoffman’s stake in the company is still worth $75 million and he sold $36 million in shares at the IPO.  This means that he has made 3,000 times his initiative investment in Facebook.  [BusinessInsider]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
Leave a Comment