According to multiple sources, Facebook has been holding exploratory meetings with a range of private equity firms about another potential round of funding.
Interestingly, Facebook are looking at a valuation in the region of 5 to 6 billion dollars, whereas the private equity firms put the valuation in the 2 to 3 billion dollar bracket.
One source was humorously quoted as saying, "Facebook is looking for dumb money, but there´s none of it out there anymore."
Meanwhile, existing investors apparently are none too impressed by another round of funding, they believe Facebook´s 200 million user base should be enough to get a significant ROI on the funds they´ve invested. You can kind of see their point but we´ll see whether Mark Zuckenberg agrees...
Read more here.
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About Me
- Matt Holt
- London, United Kingdom
- Matt is Business Director at Kinship Networking. Kinship Networking is a completely new type of marketing agency, dedicated to using social media to help businesses to build stronger social relationships with their customers, employees and shareholders. After graduating with a degree in Management Science, Matt occupied various marketing roles for companies such as Microsoft and Reuters. He then joined Ogilvy where he worked above and below-the-line on BT, Cancer Research UK and First Great Western. Most recently he joined Stephens Francis Whitson, a specialist direct marketing agency, where he worked on a number of accounts including O2, More Th>n and Rocco Forte. Matt has worked on a number of new business ideas within the social networking arena, including the development of a site aimed at helping people stay in touch with their various groups of friends, at the start of 2001.
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