Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek


Filed under: News | Technology News


Divya Narendra: Ten Years After Facebook

Feb 20 2014, 8:36am CST | by

1 Updates
Divya Narendra: Ten Years After Facebook

YouTube Videos Comments

Recommend Your Tweet as Top Tweet:

Full Story

Divya Narendra: Ten Years After Facebook

For those acquainted with the disputed origins of Facebook , Divya Narendra should be a familiar name. Back in 2004, Divya Narendra and the Winklevoss twins took Mark Zuckerberg to court for alleged intellectual property infringement, eventually walking away with a cash/stock settlement now estimated to be worth well over $100 million following Facebook’s IPO.

Ten years on, 31 year-old Divya says his focus now lies with a different type of social network, referring to his latest startup – SumZero , an online collaboration platform for select professional investors that has been gaining traction amongst thousands of hedge fund and mutual fund analysts.

Divya’s journey from Harvard, where he co-founded ConnectU, to his current role as CEO and co-founder of SumZero has been fascinating. After graduating from Harvard in 2004, he went on to work as an analyst for Credit Suisse and then Sowood Capital, while simultaneously embarking on what would become a lengthy lawsuit against Facebook.

Prior to the collapse of Sowood Capital at the outset of the 2007 financial crisis, Divya conceived the idea for SumZero after realizing an opportunity to create a virtual community for professional investors where they could collaborate and share investment propositions. Flush with a new business concept, Divya relocated back to his native New York and began working on a beta version of the site with co-founder and former Harvard classmate, Aalap Mahadevia.

Looking back, Divya recalls having to perform an arduous balancing act of running a bootstrapped startup, while still embroiled in the Facebook lawsuit before a settlement was finally reached. Despite securing a handsome settlement, Divya made the surprising move to go back to school in 2009 and pursue a joint JD-MBA from Northwestern University , a decision that he says was intended to better his understanding of the litigation processes that he had routinely sat through over the years, as well as broaden his skills as an entrepreneur.

By 2012, SumZero was starting to gain recognition within the investment community on the East Coast, prompting Divya to start working on the venture full-time. A $1 million injection from Winklevoss Capital shortly followed , becoming the first investment made by the twins’ investment firm. Fast forward to today, SumZero’s core community has quickly grown to nearly 10,000 members, in addition to 40,000 ‘SumZero Basic’ users, to create what Divya says is the largest online community of fund professionals worldwide.

While admitting that SumZero occupies most of his time, Divya insists that it’s not always work without play. These days, when he isn’t playing guitar or training for an upcoming half-marathon, Divya is acquainting himself with his new neighborhood, after recently purchasing an industrial-style loft in Tribeca, ranked 7th on Forbes’ list of America’s Most Expensive Zip Codes .

As for the future, Divya says teaching is something he would like to try his hand at, particularly within the realm of entrepreneurship. Philanthropy is also on the horizon, with ambitions to launch initiatives in both the States and India. When asked about the possibility of an early retirement, Divya dismisses the notion with a laugh, stating that he has no desire to take his foot off the pedal anytime soon.

Source: Forbes


You Might Also Like


Sponsored Update


More From the Web

Shopping Deals


<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.




blog comments powered by Disqus

Latest stories

Smart Card: An iPhone &amp; Android Charger that fits into your Wallet
Smart Card: An iPhone & Android Charger that fits into your Wallet
Finally we have an iPhone and Android charger that fits into your wallet. Now, isn’t that hunky dory?
Peyton Manning Leads NFL The Top 100 Players of 2014
Peyton Manning Leads NFL The Top 100 Players of 2014
Peyton Manning was voted #1 in the NFL The Top 100 Players. At age of 37 he is still the greatest quarterback in his 16th season.
Carlos Beltran Goes on 7-Day DL for Concussion
Carlos Beltran Goes on 7-Day DL for Concussion
New York Yankees outfielder Carlos Beltran was placed on the seven-day disabled list on July 10 after he suffered a concussion during a batting practice mishap a day earlier.
ACTON R Rocketskates is the Future of Skating
ACTON R Rocketskates is the Future of Skating
We've changed computing by making computers smaller. We've also revamped the ordinary wristwatch by introducing smartwatches. Now, it's time to revolutionize skating. A startup called ACTON is working on a motorized...