Kara Swisher

Recent Posts by Kara Swisher

More Facebook Funding: This Time, From Germany

The money continues to dribble into Facebook, it seems.

The Samwer brothers of Germany have agreed to invest $10 million to $15 million in the hot social-networking site, a development which was first reported by Reuters and TechCrunch.


It feels like an awfully small amount to garner a key Facebook relationship in the important European market, so I would expect more to come.

A lot of people have doubted Facebook’s ability to raise more money after getting a lofty $15 billion valuation following a $240 million investment from Microsoft in October of 2007, which made the stakes very high.

And, indeed, the personal investment by the well-known European entrepreneurs comes after some time has passed since the last investment in Facebook in late November by Chinese investor Li Ka-shing of $60 million and possibly $60 million more, which was first reported here.

By coincidence, after meeting him at a dinner hosted by Accel Partners–a Facebook investor, in fact–in London in December, I am planning to visit with Marc Samwer next week in Berlin. Marc, with his brothers Alexander and Oliver, founded a German online auction site that was later sold to eBay and now run the European Founders Fund.

So, as they say over there: Ausgezeichnet!

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik