Speed knows what it feels like to REV.
Welcome to fbFund REV, the Facebook Social Incubator. We Make Startups Social.
awright G, that’s a strong statement — but WTF does it really mean? what is fbFund? what does REV mean? how do we help startups, social or not? let’s do a brief explanation by way of a little deconstruction…
Welcome: make yourself at home. irrashaimase. mi casa es su casa. at fbFund, we aim to create a space where folks feel welcome to drop in any time, share their experiences, and meet smart, fun, interesting people & startups. come by and say hello 
fbFund: is a $10M startup seed fund with capital provided by Founders Fund and Accel Partners, and we invest in companies with an expected substantial return on capital. We have provided an average of ~$35K in funding to 22 fbFund startups, in exchange for a small ownership stake of between 1-5%. (note: 2 additional fbFund participants are non-profit social ventures, although we have not provided capital to those companies).
REV: can mean several things. REVise/iterate: make frequent, small changes that are incrementally better, and let usage data and customer feedback guide product development. Accelerate/go faster: use speed of development as a competitive advantage, release to market early and often. REVolutionize: make products much better, make them social, and change the world. (or at least, make products that matter to people who use them).
Facebook: um dude… we practically invented the friggin’ social network. have you heard of us? i thought so.
Social Incubator: we fund social startups. we provide initial capital, a collaborative work environment, access to key technical and marketing mentors, education on industry best practices, and — most importantly — access to other awesome startups. we have 60+ brilliant people working on 24 amazing startups for 10 incredible weeks.
We Make Startups Social: fbFund REV emphasizes the use of social networks, social platforms, and social applications to provide unique and innovative solutions to people around the world. through the use of enabling social technology like Facebook Connect and Facebook Platform, we believe there are incredible opportunities to help startups accelerate their businesses, get new customers, make money, and help millions connect and share online.
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