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Mark Zuckerberg and Eduardo Saverin were friends and classmates at Harvard University. In 2004, they co-founded Facebook together. Eduardo provided the initial funding (around $15,000) to help get the website off the ground, while Mark worked on building the actual platform.
As Facebook started to grow rapidly, Mark moved to Silicon Valley to seek investment and expand the company. Eduardo, however, stayed in New York to try to secure advertisers, which led to growing tensions between the two.
Mark began working closely with Sean Parker (co-founder of Napster), who encouraged him to scale quickly and secure venture capital funding. Eventually, Facebook received investment from Peter Thiel, and as part of that deal, the company was restructured.
During this restructuring, Eduardo's shares in the company were diluted from about 34% to less than 0.03% without his clear knowledge. This effectively pushed him out of the company. Eduardo later sued Facebook and Mark Zuckerberg, eventually settling the case. Though the terms were confidential, it's known that Eduardo received a financial settlement and was restored as a co-founder of Facebook.
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