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fbFund REV: Facebook’s New $10M Incubator

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This video is Part 1 of 3, taken at the fbFund REV Demo Day on 9/1/09 that features an introduction by Cat Lee, Sheryl Sandberg, Dave McClure, Thread.com, Funki, Sociable, GeckoGo, DropPlay, Photos I Love, Vittana and Workstir.

This video is Part 2 of 3, taken at the fbFund REV Demo Day on 9/1/09 that features Backlight.org, NetworkedBlogs, Wildfire, NutshellMail, Cash.io, Gameyola, RunMyErrands and Samasource.

This video is Part 3 of 3, taken at the fbFund REV Demo Day on 9/1/09 that features MyChurch, RunThere, Zimride, Sortuv, Life360, RentMineOnline, and an outro/wrap-up from Enrique Allen and Dave McClure.

“fbFund is a fund focused on continuing to create incentives for the development of applications on Facebook Platform. Initially, the fund will make available $10 million in capital which may grow over time.

The fund is now accepting applications for $25,000-$250,000 non-recourse grants from anyone interested in building their business on Facebook Platform. Any individual or company, anywhere in the world can apply as long as they have not raised any formal venture funding.

We are forming this fund to help grow the Facebook application ecosystem. By decreasing the barrier to start a company, we hope to entice an even larger group of people to become entrepreneurs and build a compelling business on Facebook Platform. We hope this is also a funding model that other venture capitalists will follow.

fbFund will be administered by Facebook and funded by Accel Partners and The Founders Fund. The investment committee will be comprised of Mark Zuckerberg, Facebook founder and CEO, and Chamath Palihapitiya, Facebook vice president of product marketing and operations. Facebook board members Jim Breyer (Accel Partners) and Peter Thiel (The Founders Fund) will also be part of the committee. Additionally, the fund will rely upon an advisory council that includes Reid Hoffman, founder and chairman of LinkedIn; Josh Kopelman, founder of First Round Capital; and Rajeev Motwani, professor of computer science at Stanford University and early advisor to Google.”

Please submit your application at http://www.facebook.com/developers/fbfund.php.

Video filmed and produced by Shaun Tai.

Byron Reeves – Work Sucks, Games are Great

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Byron Reeves - Professor in the Dept. of Communication at Stanford University

Byron Reeves - Professor in the Dept. of Communication at Stanford University

Byron Reeves (twitter: @byronreeves) on Gaming for Work. In this intriguing video (Part 2 of 2), Byron speaks on using games and virtual worlds to change the way people work and businesses compete. Presentation titled “Work Sucks – Games are great“. Filmed July 31st, 2009 in Palo Alto at the fbFund HQ by Shaun Tai of SHAUN TAI Films (ZTY MEDIA), ©2009.

 

ABOUT BYRON REEVES

Byron is the Paul C. Edwards Professor in the Department of Communication at Stanford University, and Co-Founder and Faculty Co-Director of the H-STAR Institute (Human Sciences and Technologies Advanced Research) and its industrial affiliate program, Media X. He is an expert on the psychological processing of media in the areas of attention, emotions, learning, and physiological responses, and has published over 100 scientific papers about media and psychology. His research has been the basis for a number of new media products for companies such as Microsoft, IBM, and Hewlett-Packard, in the areas of voice interfaces, automated dialogue systems, and business process simulations. He is currently working on the application of multi-player game technology to behavior change and the conduct of serious work, and is Co-Founder of Seriosity, Inc., a company building enterprise software inspired by game psychology.

ABOUT FBFUND REV

fbFund is a fund focused on continuing to create incentives for the development of applications on Facebook Platform. Initially, the fund will make available $10 million in capital which may grow over time.

We are forming this fund to help grow the Facebook application ecosystem. By decreasing the barrier to start a company, we hope to entice an even larger group of people to become entrepreneurs and build a compelling business on Facebook Platform. We hope this is also a funding model that other venture capitalists will follow.

For more information, please visit fbFund.com

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