Wednesday, September 19, 2012

First Fall Sighting of Winklevi

Image representing SumZero as depicted in Crun...
Image via CrunchBase
Faithful readers of this blog know that the Winklevoss twins, Cameron and Tyler, of The Social Network cinematic fame, regularly appear in "TUOL" (see posts on 7/26/11, 6/24/11 et al.).  Well, they're back, with Harvard pal Divya Narendra, investing $1 million in SumZero, a social network for professional investors, co-founded by Narendra and Aalap Mahadevia in 2008, according to an article in The Wall St. Journal this week.

The Winklevi duo, who, aided by Narendra, engaged in a protracted legal battle with Mark Zuckerberg over ownership of Facebook that netted the twins a reported $65 million settlement, have turned their attention to Winklevoss Capital, an investment company fueled by their personal wealth, and SumZero is the inaugural beneficiary. SumZero's membership of 75,000 or so is geared toward private equity firms and hedge fund and mutual fund investors, though a small group of outsiders may subscribe by doling out $129 a month to receive a few investment ideas with the blessings of their authors. Members are required to submit investment ideas to maintain access to their fellow members' tips, according to the Journal article.

SumZero plans next month to relocate into office space in Manhattan owned by the Winklevoss boys. You can't keep a good man down--or the Winklevoss's either, apparently.
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