Looks like there’s someone out there who has learnt his lessons well from Apple CEO Steve Jobs’ mistakes when it comes to the board seat. Facebook received and turned down a term sheet for a new $200 million venture round of funding that would value the company at $8 billion, as the buyer wanted a seat on the board in return for it.
That apart, Facebook is also now pitching financial projections well above what we’ve previously heard. The highest 2009 revenue number that has leaked out of Facebook is $400 million. But then again, investors say they are now pitching $550 million in 2009 revenues.
Wow, all this for late-night facebook addicts like me who keep superpoking people and posting wierd status updates? Damn, why didn’t I think of this, lol.
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