Mark Zuckerberg’s mentor and an early investor in Facebook on why his book Zucked urges people to turn away from big tech’s toxic business modelRoger McNamee is an American fund manager and venture capitalist who has made investments in, among others, Electronic Arts, Sybase, Palm Inc and Facebook. In 2004, along with Bono and others, he co-founded Elevation Partners, a private equity firm. He has recently published Zucked: Waking Up to the Facebook Catastrophe.What is your history with Facebook?I’ve been a technology investor since 1982, and a tech optimist until very recently. I first met Mark Zuckerberg in 2006, when he was 22 years old and I was 50. Even at that time it was already obvious to me that Facebook would be as successful eventually as Google was at that time, which was to say spectacularly successful. He had broken the code on the two things that historically had undermined all network-based companies: he had required authenticated identity, and he had provided genuine control of privacy. Continue reading…
Via: Roger McNamee: ‘It’s bigger than Facebook. This is a problem with the entire industry’
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