Amit Chowdhry | September 24, 2008 | 449 views | Add a Comment
Categorized under ConnectU, Facebook

Divya Narendra started ConnectU with Beijing Olympic rowers Cameron and Tyler Winklevoss. ConnectU started the idea behind Facebook. Facebook is now run by billionaire, Mark Zuckerberg. Zuckerberg’s wealth is pegged at about $1.5 billion through Facebook according to Forbes. ConnectU sued Facebook for stealing the idea and used some of their source code. Facebook and ConnectU settled out of court, but through the agreement, it was discovered that Facebook was not internally valuating themselves at the $15 billion that Microsoft pegged them at.
Divya currently works at SumZero LLC where he serves as the Co-founder and CEO. Aalap Mahadevia is the other co-founder in SumZero. Below is a screenshot available via ValleyWag:

Some of the people that wrote on Divya’s wall includes Lindsey Hess, who wrote, “Divya!! I cannot believe you are on facebook.” And Andrew Davis wrote “Um, was this part of a legal agreement or something? Never thought I’d see the day…” Divya left ConnectU off the places of his Education and Work.

Amit Chowdhry | August 16, 2008 | 768 views | 2 Comments
Categorized under ConnectU, Facebook

[Photo credit: Daylife]
Cameron and Tyler Winklevoss were on the U.S. rowing team for the 2008 Olympics in Beijing. Both of them are also co-founders of ConnectU. ConnectU is a social network startup based in Boston, Mass. The Winklevoss brothers sued Facebook earlier this year. The Winklevoss brothers claimed that Facebook CEO Mark Zuckerberg stole the concept and some of the code from ConnectU while he was an undergrad at Harvard University.
In order to make it to the the Olympics, the Winklevoss brothers had to get through the semifinals and a grand final. The Winklevoss brothers was 6th place out of 6 in the finals during the Olympics. Australia won the gold.
The Winklevoss brothers settled a lawsuit with Facebook. The brothers later contested the settlement because Facebook did not adequately provide their valuation. Now that the Winklevoss brothers are done with the competition, they may get back to focusing on the lawsuit.
Related Link:
1. CNET
Amit Chowdhry | June 26, 2008 | 367 views | Add a Comment
Categorized under ConnectU, Facebook
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Judge James Ware of U.S. District Court for the Northern District of California has made a ruling in Facebook’s favor. Facebook has agreed to pay an undisclosed amount to the owners of ConnectU through an acquisition.Â
The settlement roots back to an accusation that Mark Zuckerberg and other founders in Facebook stole the idea for Facebook from the ConnectU team. The ConnectU team consists of brothers/Olympic rowing hopefuls, Cameron and Tyler Winklevoss and Divya Narendra. The tentative settlement was made this past February, but then ConnectU delayed to the settlement due to an accusation that Facebook failed to provide crucial documents for the case.Â
ConnectU also settled to not make further claims against Facebook.
“The ConnectU founders understood the deal they made, and we are gratified that the Court rejected their false allegations of fraud,” stated a Facebook representative. “Their challenge was simply a case of ‘buyers remorse,’ as described by the Boston Court earlier this month.”
Mark Zuckerberg used to work for the Harvard Connection, a company founded by the ConnectU before creating TheFacebook.com.
[Source: Reuters]