Facebook's Millionaire Employees Turn Angel Investors


Bangalore: Employees may or may not be benefited when a company goes IPO, but luck favors Facebook’s employees as they get a chance to be called ‘millionaires’. To sit ideal or rotating the money is now what the facebook employees don’t “like”, rather they prefer to invest on blooming startups and dig fortunes. It’s hard to predict the return on these investments but you never know ‘an employee can out beat its own CEO with billion bucks more.’

Many of those facebook employee millionaires are spending money on other startups, giving founder’s capital to get new ideas off the ground. A bunch of the early Facebook employees have made angel investments. Here's where its employees, who are now angel investors, are spending their money, Business Insider reports.

Dave Morin

At Facebook: Morin joined Facebook in late 2006 from Apple. He worked on Facebook Connect and the Facebook Platform product for three years before he left to start Path.

As Investor: He is the founder of ‘Path’ a mobile social network. He is also an active angel investor, investing 6-12 startups every year at $25-100,000 per year.

Top Investments: Amen, AppFog, Batch, Birchbox, Bit.ly, BranchOut, Dailybooth, DIY, Everlane, Evo.com, Faction, Foodspotting, Foodzie, Formspring, Goodsie, Hearsay Social, Hot Potato, Hotel Tonight, inDinero, Karma, Kiip, Kleiner Perkins Caufield Byers, Liftopia, Lockitron, Massive Health, Milk, NationBuilder, Oyster.com, Pair, Pose, Rupture, SimpleGeo, SnapGuide, Sparrow, StyleSeat, STYLESTALK, SV Angel, TaskRabbit, Threadflip, Trazzler, Tripbirds, Tumblr, Turntable.fm, Venmo, Wanderfly, Wavii, Yobongo