Facebook to Announce fbFund Recipients at f8
While Facebook hasn’t said much about fbFund since Mark Zuckerberg announced it last fall, that’s about to change this week: Facebook is set to announce the first round of fbFund recipients at f8 08 this Wednesday.
The fbFund was set up by Facebook, Accel, and Founders Fund to provide strategic grants for developers building applications Facebook wants to see. Grants range in size from $25k to $250k. By taking the money, developers don’t give up any equity, but they do give a right of first refusal on any future investments to Jim Breyer and Peter Thiel.
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