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

Posted Sep 11, 2012

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]