Winklevoss Twins Invest $1M In SumZero
The Winklevoss twins, best known for their legal battle against Mark Zuckerberg over the founding of Facebook Inc., have invested in SumZero, a social network company aimed at professional investors, The Wall Street Journal said on Sunday. Tyler and Cameron Winklevoss have put $1 million into SumZero, which was founded by fellow Harvard University alumni Divya Narendra and Aalap Mahadevia in 2008, the article said.
Narendra was an ally to the Winklevoss twins during their lawsuit against Facebook, which won the brothers a cash and stock settlement valued at $65 million at a time when the company was valued at $15 billion. Facebook’s market cap is currently valued at $47 billion.