Feeds

Crazy Frog millionaires invest in Facebook

Taking on the world, one annoying product at a time

Designing a Defense for Mobile Applications

The three brothers who coined millions from the Crazy Frog phenomenon have followed Microsoft in taking a stake in Facebook.

Mark Zuckerburg with Crazy Frog hat

"Crazy" Mark Zuckerberg.

The German Samwer boys sold their ringtones firm Jamba to Verisign in 2004. It went for $273m on the back of irritating buuh-bud-uh-bu-buuh noises, but Verisign quickly suffered buyers' regret as even idiots got bored and Jamba mined a hole in its earnings.

The brothers have since become start-up investors with their own venture capital fund and were early backers of StudiVZ ("Student Directory"), a German Facebook clone.

The undisclosed personal stake they've taken in Facebook is aimed at helping it crack the German market, where it has yet to make a significant impact against local social networking rivals. The Wall Street Journal reckons they coughed between $10m and $15m.

If the Samwers were stung as badly as Microsoft, which got 1.6 per cent for $240m, they will have bagged a mere 0.1 per cent of Facebook. It seems pretty unlikely that anyone else would be that gullible though. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.