Facebook Offering $10 Million For Facebook Apps
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posted by lxpk Wed, 2007-09-19 15:29
Now it is definitely time to get working on our Facebook application.
Facebook Founder Announces 10 Million Dollar Grant Fund
Mark Zuckerberg has announced today, at the Tech Crunch 40, that the investors at Facebook have created a 10 million dollar fund to support companies that develop on the FaceBook platform.
The fund is open for application to existing developers as well as
start ups. They are looking for ideas that are innovative and
disruptive. No formal web site exists; however, you can pitch your idea
directly at platform@facebook.com.
They do not require re-payment; however, they want first right of refusal upon obtainment of VC capital. The will fund between 25K and 250K.
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Disruptive
"They are looking for ideas that are innovative and disruptive."
...unless of course, you're looking to be disrupt to Facebook and it's business model.
Sorry guys, but you can't pay me enough to lock up my work behind someone else's paywall.
--Nato
The key is to use the network without depending on it
Purely facebook-based apps are indeed locked up behind their service, despite the fact that they don't require you to pay back the money and you make the ad revenue from the page views for your app.
The key is to use their network as an extension to ours without depending on it. If we have a useful service on its own that is free and independent, we can only benefit from extending it to interact through people's facebook networks. The fact that they want to pay people to develop such apps without attaching any strings unless you go the VC route is just icing.
An empowering App
And if you just leave it...would someone mind telling me how to directly get in touch with them for that? Hate to ask the obvious but I've spent too much time looking around...must still be blind.