The Winklevoss Twins Invest $ 1 Million in Social Network
The Winklevoss twins, best known for their legal battle against Facebook founder Mark Zuckerberg, have invested in a new social network, as reported by the Wall Street Journal.
Tyler and Cameron Winklevoss have invested in SumZero, a social media for professional investors founded by fellow Harvard alumni Divya Narendra and Aalap Mahadevia in 2008. The twins invested $ 1 million in the social media.
The Winklevoss twins and Divya Narendra became famous after their legal disputes over the founding of Facebook against Mark Zuckerberg. The chronicles of the founding of Facebook were documented in ‘The Social Network’ movie, which was released in the 2010. In this movie, the Winklevosses were double-played by Arnie Hammer while Divya Narendra was portrayed by Max Minghella.
Tyler and Cameron Winklevoss with Divya Narendra
SumZero has 7,500 registered users and only certain people are eligible to join the site. SumZero allows members to use the site for free. Yet, limited access to outside investors is sold for $129 for a small number of investment ideas.
The social network also requires members to regularly submit trading ideas. Members will lose access to the database if they don’t submit any ideas in 6 months.
“We want to get involved and really roll up our sleeves”, said Tyler Winklevoss to Wall Street Journal. “We always saw ourselves in careers as entrepreneurs or angels. My favorite toy as a kid was Legos. I loved building things, and that’s what we’re doing with SumZero”, added Cameron Winklevoss.
Well, best of luck to the Winklevoss brothers and Mr. Narendra. Let’s hope Zuckerberg won’t (again) steal their investment idea this time.
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12 June 2013 / 13 June 2013