Space the Final Frontier
Good news for anyone who dreams of retiring to a ranch on Mars: Elon Musk’s aerospace startup, SpaceX, just landed a $440 million NASA contract to develop the Space Shuttle’s successor and get some real, live American astronauts back into space. That would mean, for instance, no more hitching rides with the Russians.
According to a statement the company released earlier today:
Around the time of the demise of Jumo, the social network for nonprofits and activists started by Facebook co-founder Chris Hughes, Betabeat got an email from a source intimately familiar with the social media startup sector. “I’m intrigued by the fact that Facebook doesn’t seem to be proving to have the kind of second-act momentum among early employees that PayPal had, and I wonder why that is,” the source wrote. “I don’t have high hopes for Asana, Quora, or Path either, but maybe it’s too early to make a judgment call.”
With the rise of secondary trading, many Facebook employees have already cashed out. The company’s hefty exodus of early employees has been well-documented. Sarah Lacy, writing for TechCrunch, identified the emergence of a “Facebook mafia” as “early and distinct” last year. But with the Facebook-spawned startups still unproven, is it fair to say that yet?