Financial Times FT.com

Facebook founder sets sights on big leagues

By Kevin Allison and Richard Waters in San Francisco

Published: October 26 2007 19:17 | Last updated: October 26 2007 19:17

News that Facebook is seeking additional funding from hedge funds and private equity groups following an investment by Microsoft this week illustrates the degree to which Mark Zuckerberg, the website’s 23-year-old founder, is determined to buck convention in his quest to turn the social network into the next internet giant.

The $240m financing round with Microsoft valued the internet upstart – which has yet to turn a profit – at a staggering $15bn.

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