An American Entrepreneur named Divya Narendra. Divya Narendra is the co-founder and current CEO of SumZero, a platform that makes it easier for hedge, mutual, and private equity fund investors to communicate. Divya’s association with Mark Zuckerberg and the original Facebook, however, is what makes him most well-known.
In 2002, he and two other Harvard students, Cameron and Tyler Winklevoss co-founded the social networking website ConnectU. Soon after, Mark Zuckerberg became a part of the team and played a partnership role. When Zuckerberg founded thefacebook.com in 2004, the Winklevoss twins and Narendra were on one side of a legal conflict that he had started.
Quick info About Divya Narendra
|Net Worth:||$80 Million|
|Date of Birth:||Mar 18, 1982 (40 years old)|
|Nationality:||United States of America|
Divya Narendra Early Life
On March 18, 1982, in the Bronx, New York, Narendra was born. He was reared in Bayside, Queens, and is the oldest child of Sudhanshu Narendra and Dharamjit Narendra Kumar, two doctors who immigrated to the United States from India.
He graduated from Flushing, Queens’ Townsend Harris High School before enrolling at Harvard University in 2000. In 2004, he received his degree in applied mathematics.
Divya Narendra’s Net Worth
According to celebritynetworth Divya Narendra, an American businesswoman is thought to be worth $80 million.
Divya Narendra is the co-founder and current CEO of SumZero, a platform that makes it easier for hedge, mutual, and private equity fund investors to communicate with one another. Divya’s association with Mark Zuckerberg and the original Facebook, however, is what makes him most well-known.
Divya Narendra Career
While still a student, he created the idea for a social networking site and gave it the moniker Harvard Connections. After being delayed, this platform ultimately went live on May 21st, 2004, going by the new moniker ConnectU. It was reasonably well-liked as an online community for Harvard students before being shut down.
After finishing his studies, he left the organization in July 2006. He started with Credit Suisse as an Analyst in June 2004. In July 2006, he began working as an Associate in – the Valuation Group at Sowood Capital Management, where he remained until August 2007.
In September 2007, he and his Harvard friend Aalap Mahadevia co-founded SumZero, Inc., his first business. This platform hosts one of the largest investment communities online. Divya has been the CEO of this business for more than 14 years.
Divya Narendra’s Personal Life
Phoebe White and Narendra tied married during the month of June 2017. Although they did not exchange contact information with one another at the time, the pair had run into one another at a bar a few years before. Must read: What is Cardi B Net Worth? How Does She Spend Her Money?
Following their initial encounter, he went online in search of her email address and sent her an email, which ultimately led to the beginning of their relationship. The two people decided to purchase an industrial-looking loft in the Tribeca neighborhood of New York City together. The things that Narendra enjoys doing in his spare time are training for marathons and playing the guitar.
Divya Narendra’s Social Media: How Did He Get Started with ConnectU?
While a student at Harvard University, Narendra developed the social networking platform Harvard Connection with his classmates Cameron and Tyler Winklevoss. The organization created the platform in December 2002. Users could add people as friends, message one another, and give updates about their lives to their friends.
Later, the platform was rebranded as ConnectU. In November 2003, the group asked a different student, Mark Zuckerberg, to join the platform’s team and provide more sophisticated code. He agreed, but then changed the URL to Facebook, or thefacebook.com. In February 2004, The Winklevosses and Narendra discovered thefacebook.com after reading a press release in “The Harvard Crimson,” the Harvard student newspaper.
They quickly realized the Harvard Connection code had been rendered useless, so they wrote to Zuckerberg to ask him to stop. They also made formal complaints to the Harvard Administration Board and university president Larry Summers. They asserted that Zuckerberg had violated the honor code of the university as well as the student handbooks. Both, though, argued that the situation was outside of the school’s responsibility and advised the pupils to sue.
Following were several judicial cases. Zuckerberg was accused of misusing someone else’s intellectual property. It would take years for the ensuing legal struggle to be resolved. In the 2010 David Fincher film “The Social Network,” which charts the creation and growth of Facebook, actor Max Minghella played Narendra. Despite Minghella’s Italian and Chinese origin and Narendra’s Indian heritage, Narendra has expressed satisfaction with the way he was portrayed in the film.
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How Much Does Divya Narendra Get from Facebook in Controversy?
After the university declined to become involved, ConnectU sued Facebook in 2004, alleging that Mark Zuckerberg had essentially stolen their idea. By 2008, the Winklevosses and Narendra had received a total of $65 million, which was divided up into a grant of pre-IPO Facebook stock worth $45 million and $20 million in cash.
Despite the fact that a number of follow-up cases were brought, the three plaintiffs finally chose to reach a settlement for a seven-figure sum. If Divya had kept his interest through the end of 2021, the equity component of the settlement due to him may have been worth up to $200 million.
Divya Narendra’s Beta Version: How Did He Launch SumZero?
After Harvard, Narendra became a Credit Suisse analyst. Sowood Capital was next. While working there, he got the concept for his next enterprise. Throughout his career, he saw an opportunity to create a virtual network for seasoned investors looking for new investment opportunities or who wished to collaborate on investment initiatives.
He decided to return to New York and start developing SumZero’s beta version. He asked former Harvard classmate Aalap Mahadevia to collaborate. Narendra continues to sue Zuckerberg and Facebook. They settled with Facebook stock and cash. Narendra decided to return to school despite being financially secure. He graduated from Northwestern’s JD-MBA program in 2012. During school, he worked on SumZero.
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After graduation, he worked on the project full-time. Also check: Who is Nikko Jenkins? Is It True That Nikko Killed 17 People for Looking at Him?
The Winklevoss brothers, with whom he worked on the Harvard Connection, committed $1 million to SumZero. SumZero has gained 75,000 users since then. To join the community, prospective members must fill out an application with varying prerequisites. Because 75% of candidates are rejected, it remains an elite group of professional investors.
Job Vault, Research, and Cap Intro are sub-platforms. The Research platform advises members on publicly-traded equities. Cap Intro connects funders and fund managers to raise capital. The Job Vault is a job board for investors. Narendra focuses on SumZero but also pursues other business prospects.