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October 17, 2007

Mark Zuckerberg: Financing "Almost Wrapped Up"

Rob Hof

On the $15 billion question of the moment, that being the valuation Facebook is believed to be seeking in a private funding, Mark Zuckerberg had some brief but interesting answers on stage a few minutes ago at the first session of the Web 2.0 Summit in San Francisco.

Cohost John Battelle: "So how's the financing going?"
Zuckerberg: "It's going well. We're almost wrapped up."

Battelle (taken aback but recovering nicely): "Aren't you selling short at $15 billion?"
Zuckerberg: "We'll see."


He also implied that an IPO is "years out."

So it would appear that someone, at least--Microsoft? Google? Who knows?--is indeed ready to pay a whole bunch of pretty pennies for a piece of the Web phenom called Facebook.

06:38 PM

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