Facebook Could Get Much More Funding

    September 11, 2007

It’s an old question: would you rather be wealthy, powerful, or famous?  The perfect company would likely be all three, and Facebook has, without question, achieved those last two qualities.  Now there’s word that a major round of financing would take care of the first.

Kara Swisher of All Things Digital writes, “[T]he investment could be quite large, well beyond [Facebook’s] last $25 million one in 2006, for little dilution.”  She then quotes an anonymous source who spoke of “several B’s involved in the discussions.”

Hear that noise?  It’s every other social network saying “uh-oh.”  It’s also, in all likelihood, the sound of a lot of wallets being opened; throughout months of rumors involving IPOs and acquisition, all sorts of people have wanted to get a stake in Facebook, and that’s still very much the case.

“The timing here is smart,” writes Peter Kafka for Silicon Alley Insider, since “the iron-clad rule of financing is to raise cash when you can, not when you have to, and Facebook is riding high.”

“Several B’s” would surely make the corporation’s mood even better, and this story is certainly one to watch.