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Facebook has been among the most heavily traded companies on SharesPost and other secondary trading sites, as investors have looked to gain an edge on public investors in owning a piece of the socialnetworking site. SharesPost is headed by Greg Brogger, and is backed and was co-founded by TrueCar's Scott Painter.
He told me in some combinations of device / OS / network they are crashing 4 times per 100. All applications crash and this is especially true in the nascent mobile world where dealing with device types, OS’s & networks adds one hell of a configuration management problem. In our next meeting I asked them how often it crashed.
LA was a leader in lead generation (LowerMyBills), comparison shopping (PriceGrabber, Shopzilla), socialnetworking (MySpace … I know, I know – Facebook won – but it was still a big business). We were also an investor in the early local listing company, CitySearch – an LA company.
He’s focused on that sector (not exclusively but predominantly) and therefore has an amazing network at large financial services firms to help you with business development. Fred Wilson likes, “large networks of socially connected people” while Foundry lists its 5 key themes on its website. Do your homework.
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