Saturday, 19 February 2011
The Samwer Brothers Make A Killing After Selling Facebook Stake From 2008
The three Samwer brothers behind the highly successful European Founders Fund in Germany have sold their shares in Facebook, according to a report in the German press. Marc, Oliver and Alexander Samwer (who also own the German language Deutsche Startups tech news site) sold their shares because "we are at the early stages" and their requirement for capital for their existing investments has "roughly tripled", according to Oliver Samwer. There appear to be no figures for how much their stake was worth but we can confidently say they have made their money back.