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	<title>Betabeat &#187; Eduardo Saverin &#8211; Cofounder and Chief Financial Officer</title>
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		<title>Betabeat &#187; Eduardo Saverin &#8211; Cofounder and Chief Financial Officer</title>
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		<title>Eduardo Saverin &#8211; Cofounder and Chief Financial Officer</title>

		<comments>http://betabeat.com/2012/02/whither-the-facebook-mafia/saverin/#comments</comments>
		<pubDate>Fri, 24 Feb 2012 17:04:18 -0400</pubDate>
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		<description><![CDATA[<p><br><strong>Then</strong>: Mr. Saverin is a Facebook cofounder and was the social networks first CFO. After a period of disagreement between himself and Mr. Zuckerberg on what direction to take the social network in, Mr. Saverin's involvement was significantly reduced. The <a href="http://gawker.com/5643915/">conflict</a> between the two cofounders reached its apex when Mr. Saverin's shares were reduced from over 34 percent to less than half a percent. He famously sued Mark Zuckerberg in suit that was settled out of court. As part of the agreement Mr. Saverin kept his cofounder title despite breaking from the company. In "The Social Network" Mr. Saverin was played by actor Andrew Garfield.<br />
<br><br />
<br><strong>Now</strong>: Since his split from the company, Mr. Saverin has been keen to stay out of the spotlight. He is the lead investor of Qwiki, a search engine that returns a multimedia presentation, which actually has more investors associated with Google than with Facebook (sticking it to the Zuck, Eduardo?). He also lead the series A round of financing for Jumio, an online and mobile payment collection system that can scan credit cards via webcam. He is also an investor in ShopSavvy, the first mobile shopping app that incorporates a barcode scanner. Mr. Saverin has sold $250 million worth of Facebook stock and<a href="http://www.wokay.com/news/latest-news/eduardo-saverin-40076.html">reportedly</a> retains five percent ownership of Facebook valued at roughly $2.8 billion. He lives in Singapore.<br />
<br><br><br />
(Photo: <a href="http://www.forbes.com/2011/03/08/billionaires-youngest_slide_6.html">Forbes</a>)</p>
]]></description>
		<content:encoded><![CDATA[<p><br><strong>Then</strong>: Mr. Saverin is a Facebook cofounder and was the social networks first CFO. After a period of disagreement between himself and Mr. Zuckerberg on what direction to take the social network in, Mr. Saverin's involvement was significantly reduced. The <a href="http://gawker.com/5643915/">conflict</a> between the two cofounders reached its apex when Mr. Saverin's shares were reduced from over 34 percent to less than half a percent. He famously sued Mark Zuckerberg in suit that was settled out of court. As part of the agreement Mr. Saverin kept his cofounder title despite breaking from the company. In "The Social Network" Mr. Saverin was played by actor Andrew Garfield.<br />
<br><br />
<br><strong>Now</strong>: Since his split from the company, Mr. Saverin has been keen to stay out of the spotlight. He is the lead investor of Qwiki, a search engine that returns a multimedia presentation, which actually has more investors associated with Google than with Facebook (sticking it to the Zuck, Eduardo?). He also lead the series A round of financing for Jumio, an online and mobile payment collection system that can scan credit cards via webcam. He is also an investor in ShopSavvy, the first mobile shopping app that incorporates a barcode scanner. Mr. Saverin has sold $250 million worth of Facebook stock and<a href="http://www.wokay.com/news/latest-news/eduardo-saverin-40076.html">reportedly</a> retains five percent ownership of Facebook valued at roughly $2.8 billion. He lives in Singapore.<br />
<br><br><br />
(Photo: <a href="http://www.forbes.com/2011/03/08/billionaires-youngest_slide_6.html">Forbes</a>)</p>
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