Categories: Tech & Society

Asia is the Place to Be, Says Facbeook Co-Founder Eduardo Saverin

Eduardo Saverin, Facebook Co-founder and Brazilian billionaire told a business conference in Singapore that the success of the social networking site would be hard to match but he hoped to make an impact as an Asia-based technology investor. “It’s clearly a tough act to follow,” he said.

“Asia is, whether you look at internet growth, mobile growth, it’s the centre in terms of where the user and consumer base will be in the future, so it’s phenomenal for me to come here and learn,” he said.

Saverin — who was listed by Forbes magazine as Singapore’s eighth-richest individual in 2012 with a fortune estimated at $2.2 billion — said he was not trying to recreate Facebook’s success.
“Every step of my life is not about creating a new Facebook or something new necessarily that goes and gets distributed to a billion-plus people,” he said.
“It’s about making sure that what I do is fulfilling both to myself and others in the world.”
Saverin, an economics major at Harvard University, co-founded Facebook in 2004 with three fellow students including current chief executive Mark Zuckerberg.
His role was famously portrayed in the 2010 film The Social Network, in which he started out as a close friend of Zuckerberg and provided initial funds for the site before they had an acrimonious split.
Saverin said on Thursday that he and Zuckerberg “don’t talk very often now but I very much admire him and everything that he’s doing for the company, and everyone else at Facebook”.
As an investor in technology start-ups, Saverin said Asia held the biggest opportunities for entrepreneurs like him.
Team TechPanda

Recent Posts

Empowering businesses with Unified Device Management: Streamline security & productivity across platforms

In a modern business, device diversity is not just an operational reality; it is the…

1 day ago

Can taxes cool down AI & crypto’s power hunger? The IMF’s betting on it

We already know that because of the electricity used by high-powered equipment to “mine” crypto…

2 days ago

All our eggs in one cloud: When AWS sneezed & the Internet caught a cold

The recent service outage that Amazon Web Services (AWS) experienced in the US brought several…

5 days ago

Can AI help manage the new threat to our environment caused by AI?

Can we make data centers smart and green? Warning about AI’s electricity consumption speed was…

6 days ago

New tech on the block: Fintech, crypto, cleantech, blockchain & cybersecurity

The Tech Panda takes a look at recent tech launches. Fintech: ICICI Bank & Visa…

1 week ago