Summary of Ben Mezrich's Bitcoin Billionaires

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 Mediation is different from litigation. It is a process where two parties compromise their way to a resolution, rather than fighting their way to victory. When the lawyers are out of the room, Tyler and Cameron try to avoid talking about the case itself.
#2 The twins were eventually forced to go to mediation, where they met with the mediator Tony Piazza. They thought he was the perfect bus driver for their seemingly endless ride.
#3 The brothers had hired the Quinn Emanuel firm, which was known for its tough litigators and arbitration. The firm had also pioneered a lack of a formal dress code. When his brother agreed to go in alone for the meeting, Tyler agreed.
#4 In 2004, Cameron and his brother Tyler met with Zuckerberg to discuss the social network they had been building. However, unbeknownst to the twins, Zuckerberg had begun working on another social network.

Informations

• Publié par: Everest Media LLC
• Date de parution: 27 avril 2022
• Nombre de lectures: 0
• EAN13: 9781669392460
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Ben Mezrich's Bitcoin Billionaires
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3
Insights from Chapter 1

#1

Mediation is different from litigation. It is a process where two parties compromise their way to a resolution, rather than fighting their way to victory. When the lawyers are out of the room, Tyler and Cameron try to avoid talking about the case itself.

#2

The twins were eventually forced to go to mediation, where they met with the mediator Tony Piazza. They thought he was the perfect bus driver for their seemingly endless ride.

#3

The brothers had hired the Quinn Emanuel firm, which was known for its tough litigators and arbitration. The firm had also pioneered a lack of a formal dress code. When his brother agreed to go in alone for the meeting, Tyler agreed.

#4

In 2004, Cameron and his brother Tyler met with Zuckerberg to discuss the social network they had been building. However, unbeknownst to the twins, Zuckerberg had begun working on another social network.

#5

Four years after thefacebook. com was launched, Cameron brought the lawsuit against Zuckerberg. He had reached the table and lowered his oversize frame into one of the chairs before he finally looked up, the tiniest sliver of an awkward smile touching his lips.

#6

The twins and Divya believed that Facebook had actually risen out of their own idea - a social network aimed at college students called Harvard Connection. They had built the codebase to organize users according to the domain name of their email address.

#7

When the Winklevoss twins and Zuckerberg met, they recognized that the world’s biggest social network was the result of an unlikely union between them and Zuckerberg. They realized that they had given Zuckerberg his opportunity, and he had taken it.

#8

The mediation went on for hours, but in the end, Zuckerberg and the Winklevoss twins agreed to a truce. They shook hands and moved on with their lives.

#9

Rowing is a battle that is almost always decided long before those last few meters. It is a war of breaking points. Whoever can swallow the most pain usually wins.

#10

The twins had spent countless mornings gliding beneath the stone arch bridges that straddled the lake at its narrower points, similar to the stone abutments that punctuated the snakelike Charles River in Cambridge, Massachusetts. By the year 2000, when the twins graduated from Harvard, Harry Parker had been coaching the Harvard men’s team for nearly forty years.

#11

The twins were undefeated national champions at Harvard. They had been rowing together since they were freshmen, and they never lost a collegiate race. They went on to compete at the 2004 World Cup in Lucerne, Switzerland, and placed sixth.

#12

The twins were offered $65 million dollars to settle the case. They thought it was a fortune, until they compared it to Zuckerberg’s $15 billion dollar settlement. They knew the other side was pushing for forensic discovery of his computer’s hard drive.

#13

The hard drive from Zuckerberg’s college computer contained a trove of instant messages that he had written while he was a student at Harvard. Some of them were to Adam D’Angelo, a friend and talented computer programmer who had attended Caltech.

#14

After the Winklevoss twins had approached Zuckerberg, his bold venture was facemash. com, a Harvard version of the website Hot or Not. This site scraped photos of Harvard female students from the online Harvard directory and displayed them side by side, without their consent.

#15

In 2004, Cameron notified the Harvard Crimson about Zuckerberg’s duplicitous behavior. A reporter named Tim McGinn began to investigate, and he met with Cameron, Tyler, and Divya to hear their story and review emails sent between Cameron and Mark.

#16

The brothers were infuriated by the prospect of having to share their $65 million settlement with lawyers, and demanded that Zuckerberg give them the money in stock. They couldn’t believe that they would have to invest the money in that jerk.

#17

After the settlement, the twins learned that Facebook had received a valuation that had been conducted by an independent, third-party valuation firm. This valuation, which Facebook used to comply with IRS rules and the US tax code, valued the twins’ Facebook shares at a quarter of the price they had used in reaching the settlement.

#18

The twins were torn apart in the media after they went up against Zuckerberg. They were called spoiled and entitled brats, and their case was dismissed.

#19

After Harvard, Summers landed a job in the Obama administration. He was eventually passed over for chair of the Federal Reserve, instead choosing Janet Yellen.

#20

After retiring from the Olympic Crew, the twins began investing in startups again. They rented office space in the Flatiron District, a center of New York’s tech scene, and began investing in SumZero, a social network for investment professionals.