The Winklevoss Twins Are Now “Venture Capitalists”

Apr 28, 2012
J. Webster
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So everyone is sort of laughing at the Winklevoss Twins, Cam and Tyler, and how they’re now venture capitalists in the “cloud” space. What knowledge do they possess to invest and support new companies? They have money. And this is mainly because of the money they’re going to make on the Facebook IPO. Money they earned by suing Mark Zuckerberg because he stole their idea for a social network.

It’s seems like a reach to even think they deserved the millions of dollars in Facebook stock they received in the settlement. They even had the gall to seek more money as Facebook grew. They were given $65 million but then wanted $100 million, the court rejected this Winklevoss claim. The line in the Social Network says it all: “You know you really don’t need a forensics team to get to the bottom of this. If you guys were the inventors of Facebook, you would have invented Facebook.”

But not only are they now funding new start ups with the Facebook money, but they’re seemingly taking credit for what Facebook has become. This certainly must annoy Mark Zuckerberg to an extent. Actually, he probably just laughs at them now that he’s well on his what to being a billionaire.

The twins were recently on CNBC’s Squawk Box in their “Disrupters Series”. This actually came out of the mouth of one of the twins when asking about what Facebook has become – they love to pick those businessy and tech sounding words don’t they. I’m betting Zuckerberg wishes part of the settlement was the twins couldn’t talk about Facebook or what it’s become:

“The core competency of what it is today is the same as what it was initially. It’s obviously grown. The trajectory has been very logical and has stayed on course.”

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