Friday, April 24, 2020
Sean Parker
After being kicked out of Napster for sending an incriminating email of copyright infringement, Sean Parker started his first venture called Plaxo in 2002. Plaxo was essentially an online address book and social networking service that was a precursor to companies like LinkedIn, Zynga, and Facebook. Two years after its founding, Parker was ousted by the companies financiers. In 2004, Parker joined Facebook in its early stages and became its president. In 2005, he was pressured to resign from his position of president after policed raided a vacation home he was renting and found cocaine, but he remained involved. In 2006, he became a managing partner in the Venture Capital fund called Founders Fund. In 2010, still while working for Founders Fund, he invested $15 million in Spotify, as he'd always hoped to legally further what Napster started. And in 2014, Parker backed a new initiative with $9.3 million called Brigade, an online civic engagement platform saying he felt that politics were the most impacted thing by the web.
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