Mark Pincus bought Six Degrees patents for $750K and still owns half
Mark Pincus · Red-pilled Billionaires, LA Fire Update, Newsom's Price Caps, TikTok Ban, Jobless MBAs · Jan 18, 2025 · at 5:34
Mark Pincus details buying foundational social networking patents with Reid Hoffman and clarifies that he and Microsoft split current ownership.
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“Reid and I bought them because we were worried that if Yahoo at the time had gotten them, or even Friendster, that they would have blocked the whole industry, so we bought them. We paid 750 K, which was a lot then, and we were accused of being patent trolls, and we never got that opportunity. We just sat on them. To this day. Actually, I own half, and Microsoft owns other half.”
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