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	<title>HipMojo.com</title>
	<link>http://watchmojo.com/web/blog</link>
	<description>Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&#038;A, Financing, VCs</description>
	<pubDate>Sat, 21 Nov 2009 21:40:57 +0000</pubDate>
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		<title>VCs Honeymoon with Mark Zuckerberg Over About&#8230; Now</title>
		<link>http://watchmojo.com/web/blog/index.php/2008/06/16/vcs-honeymoon-with-mark-zuckerberg-over-about-now/</link>
		<comments>http://watchmojo.com/web/blog/index.php/2008/06/16/vcs-honeymoon-with-mark-zuckerberg-over-about-now/#comments</comments>
		<pubDate>Tue, 17 Jun 2008 00:31:19 +0000</pubDate>
		<dc:creator>Ashkan Karbasfrooshan</dc:creator>
		
		<category><![CDATA[Rumors]]></category>

		<category><![CDATA[Internet &#038; Web]]></category>

		<category><![CDATA[Social Networking]]></category>

		<category><![CDATA[Management]]></category>

		<category><![CDATA[Yahoo!]]></category>

		<category><![CDATA[Facebook.com]]></category>
<category>david tse</category><category>Facebook.com</category><category>Internet &amp;#038; Web</category><category>jeff weiner</category><category>jim breyer</category><category>Management</category><category>mark zuckerberg</category><category>Rumors</category><category>Social Networking</category><category>Yahoo!</category>
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		<description><![CDATA[Jeff Weiner just joined both Accel Partners and Greylock as en EIR.  EIRs are basically former company execs looking for something to do&#8230; at a new company funded by the VC housing the EIR or at one of the VCs companies.
The thing is&#8230; usually it&#8217;s one VC, not two.  Say what you want [...]]]></description>
			<content:encoded><![CDATA[<p>Jeff Weiner just joined both Accel Partners and Greylock as en EIR.  EIRs are basically former company execs looking for something to do&#8230; at a new company funded by the VC housing the EIR or at one of the VCs companies.</p>
<p>The thing is&#8230; usually it&#8217;s one VC, not two.  Say what you want about how the VCs absolutely love Jeff and are willing to share him etc., but that&#8217;s BS.  This one is pretty obvious: Jeff Weiner was <a href="http://onotech.blogspot.com/2008/06/jeff-weiner-ceo-of-facebook.html" target="_blank">tapped</a> to become Facebook&#8217;s next CEO.</p>
<p>Accel and Greylock share an investment in Facebook and frankly, neither company has really helped Mark Zuckerberg navigate through privacy, advertising revenue, revenue in general&#8230; the one thing that Facebook has done well, frankly, is not sell to Viacom, IAC, Yahoo!, Google, MSFT and Yahoo! again&#8230; yet something tells me that Facebook&#8217;s VC did want to sell (at every cross road from $800M on out); the only one that held out was Mark&#8230;</p>
<p>Yet now, the VCs tagged team to lure Jeff with the promise on giving him the CEO role.  This begs the question: did the VCs run this by Mark Zuckerberg before?  If not, they are dumb as rocks because this will create a lot of friction between Mark and the VCs (Mark is said to own 30% of the company).</p>
<p>More importantly, in Yahoo!&#8217;s numerous failed attempts to buy Facebook, what role - if any - did Jeff have?  Jeff basically had everyone and their cousin report to him&#8230; so naturally Mark has already once balked at reporting to Jeff&#8230; why should things be different now?</p>
<p>Sure, <a href="http://watchmojo.com/web/blog/index.php/2007/12/01/why-social-media-and-beacon-are-doomed-to-fail-and-what-facebook-should-do/" target="_blank">Beacon was a disaster</a> and Facebook remains in search for a business model befitting the $15B valuation that MSFT bestowed on it&#8230; but is Jeff the man to deliver that?</p>
<p>No disrespect to Jeff at all, I don&#8217;t know him, never dealt with him, but I would not put too much stock in anyone hailing from YHOO these days, or ever.  YHOO is the best example of a shipwreck.</p>
<p>Bottom line: Mark Zuckerberg just found himself in the corner with two less people to trust (hint: David Tse and Jim Breyer).  The question is, did he ever trust Jeff to do a deal with him while at YHOO?</p>
<p>UPDATE: Valleywag has a great <a href="http://valleywag.com/5017603/how-jeff-weiner-botched-the-top-job-at-facebook" target="_blank">piece</a> on why this actually might not happen.</p>
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