Some lesser-known info about Divya Narendra
- Divya Narendra is an American businessman and entrepreneur who co-founded SumZero. In his school days, he additionally co-founded Harvard Connections which later grew to become ConnectU. He is the one who first got here up with the thought of a social networking platform and gained a lawsuit towards Mark Zuckerberg for stealing the thought.
- Divya Narendra was born in New York, America, and spent his adolescence residing in Bayside, Queens. He is from an Indian immigrant household who shifted to the United States earlier than his beginning. He is the elder son of Sudhanshu Narendra and Dharamjit Narendra Kumar, and Varun Narendra is his youthful brother. His mom is a pediatrician whereas his father is a geriatrician and palliative medication specialist who now reside at Sands Point, New York. He is the elder son of the couple and has a youthful brother Varun Virendra.
He was a brilliant scholar and cleared his exams with SAT rating. After his early schooling, he went to Townsend Harris High School in Flushing, Queens for his commencement. He joined Harvard University in 2000 and graduated with an A.B. cum laude in Applied Mathematics in 2004.
- Divya was learning at Harvard when he got here up with the thought of making a social networking platform for college college students with plans to increase to different schools after which to a bigger group. He commenced work on this challenge together with his good friend Tyler Winklevoss and Cameron Winklevoss. In December 2002, they mentioned it with their programmer buddies who may work on it. The first one that agreed to work on this challenge was Sanjay Mavinkurve who labored on it till spring 2003, when he graduated from Harvard and joined Google. The second programmer to work on this challenge was Divya’s good friend Victor Gao. Divya Narendra and the Winklevoss brothers provided Gao to turn into a full-time associate for this challenge however he denied the supply and agreed to work on rent and pay capability. Gao labored on this web site till the autumn of 2003 and left the challenge because of another commitments. He urged Narendra and Winklevosses to achieve out to Mark Zuckerberg to take over the programming work of this challenge. By this time, a significant chunk of the programming work was finished and the challenge simply wanted ending touches to make the platform absolutely functioning. It was the start of November 2003 when Narendra emailed Mark Zuckerberg stating a challenge temporary to know if he was . The electronic mail learn,
We’re very deep into growing a web site which we want you to be part of and … which we all know will make some waves on campus.’
Mark Zuckerberg confirmed his curiosity on this challenge and began discussing it with Narendra and the remainder of the Harvard Connection group. On 25 November 2003, he met Winklevosses and Narendra on the Harvard Kirkland House’s eating corridor the place he agreed to take over the programming duties of this challenge. They defined Zuckerberg about the kind of social networking platform they needed to create, defined their plans for enlargement to different faculties, mentioned the confidentiality of this challenge, and advised him why it was essential to do it first. After this dialogue, Zuckerberg gave an oral dedication to this challenge as a associate and agreed to take over Sweat Equity as compensation. After this, he was given the non-public server location together with the password to work on the Harvard Connection web site. Mark took his time to undergo the challenge and on 30 November 2003, he despatched an electronic mail to Cameron Winklevoss. He wrote that the challenge appeared simple for him to finish as a lot of the work is already finished. The electronic mail reads,
I learn over all of the stuff you despatched and it looks like it shouldn’t take too lengthy to implement, so we are able to discuss that after I get all the essential performance up tomorrow night time.’
He despatched his subsequent electronic mail on 1 December 2003, he wrote,
I put collectively one of many two registration pages so I’ve the whole lot engaged on my system now. I’ll hold you posted as I patch stuff up and it begins to turn into utterly practical.’
He despatched one other electronic mail to the Harvard Connection group on 4 December 2003,
Sorry I used to be unreachable tonight. I simply bought about three of your missed calls. I used to be engaged on an issue set.’
On 10 December 2003, he got here up with an excuse for the delay in finishing the work and wrote,
The week has been fairly busy, so I haven’t gotten an opportunity to do a lot work on the location and even give it some thought actually, so I believe it’s in all probability finest to postpone the assembly till we have now extra to debate. I’m additionally actually busy tomorrow so I don’t assume I’d be capable of meet then anyway.’
For the subsequent week, he remained unreachable and later wrote one other electronic mail,
Sorry I’ve not been reachable for the previous few days. I’ve principally been within the lab the entire time engaged on a cs downside set which I’m nonetheless not completed with.’
- After not speaking with the Harvard Connection group for thus lengthy, he met Narendra and Winklevosses on 17 December 2003 in his dorm room. He assured them about his dedication and dedication to this challenge. he additionally advised them that he simply wants a bit extra time to present a of completion to the web site. In his room was a whiteboard that had a number of codes written on it beneath the heading Harvard Connection. This was the one work of Zuckerberg that Winklevosses and Narendra personally noticed. After this meet, he subsequent emailed the Harvard Connections group on 8 January 2004 and wrote,
utterly swamped with work [that] week” however had “made among the adjustments … and so they appear to be working nice.’
In the identical electronic mail, he acknowledged that on 13 January 2004, he’ll come to satisfy them and talk about the location. On 11 January 2004, Zuckerberg registered his area title Thefacebook.com. This was adopted by an electronic mail that he despatched to Eduardo Saverin on 12 January 2004. He acknowledged that the location was prepared and he was prepared to debate advertising methods with Saverin to increase it on an enormous degree.
- He met the Harvard Connection group on 14 January 2004, he didn’t inform something about registering thefacebook.com. The solely factor he talked about was the progress of the Harvard Connection. Zuckerberg launched theFacebook.com on 4 February 2004. It was launched as a social networking web site for Harvard college students with plans for enlargement. Winklevosses and Narendra grew to become conscious of thefecebook.com two days after its launch. On 6 February 2004, they learn a press launch that was revealed within the Harvard scholar newspaper, The Harvard Crimson. Gao, who final labored on the challenge stated that Zuckerberg didn’t full The Harvard Connection code and left it incomplete. Winklevosses and Narendra despatched a stop and desist letter to Zuckerberg on 10 February 2004 for his unethical actions. They additionally went to the Harvard administration to lift a criticism to Larry Summers, the college president, and to the Harvard Administration Board to take motion for violation of University’s honour code and scholar handbook.
- The authorities regarded upon the difficulty and suggested Divya Narendra and Winklevosses to take the matter to court docket. To function proof, there have been a complete of 51 emails despatched and acquired between the Harvard Connection group and Mark Zuckerberg from 30 November 2003 to 4 February 2004. Other than this, Zuckerberg additionally participated in in-person conferences with Narendra and different Harvard connection group members. During this time he additionally engaged in digital communications with individuals not related to the Harvard Connection group. On 5 March 2010, these conversations have been leaked from Mark’s exhausting drive. Later, the authenticity of those messages was confirmed by Facebook in a information article.
- A Silicon Alley Insider bought maintain of those messages after which they have been in all places. In these chats was a dialog of Mark speaking about dealing with Harvard Connect.
Friend: so have you ever determined what you will do concerning the web sites?
Zuck: yea i’m going to fuck them
Zuck: in all probability within the yr
- There was one other leaked dialog wherein Mark talked about him receiving extra details about those that he needed to:
Zuck: yea so if you happen to ever want information about anybody at harvard
Zuck: simply ask
Zuck: i’ve over 4000 emails, photos, addresses, sns
Friend: what!? how’d you handle that one?
Zuck: individuals simply submitted it
Zuck: i don’t know why
Zuck: they “trust me”
Zuck: dumb fucks
- Later, Zuckerberg felt dangerous about his personal phrases and actually regretted writing such phrases. Also, he has constructed a reliable picture and earned immense Goodwill now.
- Divya together with different co-founders launched Harvard Connections on 21 May 2004. This platform gained some recognition as a web-based group for Harvard college students and was finally discontinued due to not gaining a lot traction.
- In 2004, Narendra with different co-founders of ConnectU filed a lawsuit towards Facebook in 2004. They accused Zuckerberg of breaking the verbal settlement he made with the group of ConnectU. The lawsuit had a complete of 9 complaints out of which one targeted on Thefacebook.com copying the code of ConnectU.com. All these complaints totally targeted on Mark Zuckerberg stealing Narendra’s thought and utilizing this web site’s code to provide you with one other social media platform earlier than ConnectU. In response to this lawsuit, Facebook logged one other one towards one other challenge, Social Butterfly. The Social Butterfly was one other campus platform created by Winklevoss Chang Group in partnership with i2hub and ConnectU. Basically, this lawsuit was filed towards Divya Narendra, Cameron Winklevoss, Tyler Winklevoss, and Wayne Chang, who based i2hub.
In February 2008, each these lawsuits have been settled and the ultimate settlement quantity was $ 65 Million. In May 2010, Facebook was accused by ConnectU as soon as once more for securities fraud on the worth of the inventory. The intent of this acquisition was to undo the settlement which was made by wrongly presenting the inventory valuation. The inventory worth introduced by Facebook on the time of settlement was $ 11 Million however the precise worth was $ 45 Million. According to the report shared in The New York Times on 26 August 2010, Facebook shares have been buying and selling at $ 76 per share. This purchased the share valuation near $ 120 million. If the events needed to modify the settlement quantity for the distinction then the quantity would have been round $ 466 Million. the company legislation skilled, Steven M. Davidoff stated,
Facebook by no means represented its valuation on this negotiation, and so there isn’t any prior assertion that the corporate must appropriate.
- In the case settlement, Divya Narendra acquired a money/inventory settlement that reached an estimated price of over $ 100 Million after the Facebook IPO. After signing the settlement settlement, he joined Facebook in 2008 and this was extremely publicized by the social and mainstream media.
- After the Facebook case settlement, Divya Narendra as soon as talked about his expertise and highlighted the significance of schooling in enterprise. He stated,
After the Facebook expertise, I used to be very delicate to the worth of getting a authorized schooling and of understanding the language of legislation and the way it informs enterprise selections. At age 22, I began pondering perhaps I ought to do legislation faculty as a substitute of enterprise faculty. The JD-MBA was the proper resolution.’
- Just after finishing his research at Harvard, Divya started his profession in June 2004 as an Analyst at Credit Suisse and held this place until July 2006 when he left the corporate. He commenced his second job in the identical month as an Associate – Valuation Group on the Sowood Capital Management and labored right here until August 2007. In September 2007, he got here up together with his first enterprise SumZero, Inc. which he co-founded together with his Harvard good friend Aalap Mahadevia. This platform is without doubt one of the largest on-line communities for buyers. Divya operates because the CEO of this firm and has held this place for over 14 years now. Divya Narendra got here up together with his second enterprise in September 2007 by the title SumZero Inc.
SumZero was initially impressed by a necessity for a easy, centralized, and searchable platform wherein skilled buyers working at hedge funds, mutual funds, and personal fairness funds may share rigorous funding concepts and community with each other. Since then the idea has expanded and SumZero is taking steps to carry a subset of high-level funding analysis to the investing group at giant.
- In 2009, he went for a Juris Doctor (J.D.) Degree from Northwestern University and was entitled to it in 2012. His subsequent step within the subject of schooling was to attend the Kellogg School of Management for pursuing his MBA at Northwestern University in the identical yr.
- He married an American lady, Phoebe White on 17 June 2017 on the Wainwright House which is an occasion house in Rye, New York. She is the daughter of Kristin Holby Darnell (a former skilled mannequin) and Sebastian N. White (a nuclear physicist). She is a analysis analyst who studied in New York at Princeton University. They first met at a party wherein Phoebe White was an invited visitor. Narendra was not on the listing of company and was simply having fun with a drink on the bar when he met Phoebe. He immediately preferred her and spoke to her for a couple of minutes. This little info was sufficient for him to seek out Miss. White on-line and ship her an electronic mail which resulted of their first date.
- Divya Narendra can also be a guitar lover who likes to play it in his free time and likewise likes to run half Marathons.
- In 2010, he got here within the limelight once more with the discharge of David Fincher’s film The Social Network which targeted on Facebook’s inception. In this film, his character was performed by actor Max Minghella.
- He has an curiosity in initiating philanthropical works in India and the United States and needs to take out time for educating particularly within the issues of entrepreneurship.
- Recently, he purchased an industrial-style loft in Tribeca and was ranked seventh on the listing of America’s Most Expensive Zip Codes by Forbes journal. After the discharge of The Social Network in 2010, Adagio Teas launched a particular tea by his title particularly for The Social Network Fandom.
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