Divya Narendra

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Divya Narendra is an American businessman and entrepreneur who co-founded SumZero. In his college days, he also co-founded Harvard Connections which later launched as ConnectU. He is the first person to come up with the idea of a social networking platform and won a lawsuit against Mark Zuckerberg for stealing it.Divya Narendra was born in New York, America, and spent his early life living in Bayside, Queens. He is from an Indian immigrant family who shifted to the United States before his birth. His parents now live at Sands Point, New York. Divya Narendra and his brother Varun Narendra in a Pooja ceremony with parents He was a bright student and always cleared his exams with a good SAT score. After his early education, he went to Townsend Harris High School in Flushing, Queens, and later joined Harvard University in 2000 and graduated with an A.B. cum laude in Applied Mathematics in 2004.He met the Harvard Connection team on 14 January 2004, he didnt tell anything about registering thefacebook.com. The only thing he talked about was the progress of the Harvard Connection. Zuckerberg launched theFacebook.com on 4 February 2004. It was launched as a social networking site for Harvard students with plans for expansion. The Winklevoss brothers and Narendra became aware of thefecebook.com two days after its launch. On 6 February 2004, they read a press release that was published in the Harvard student newspaper, The Harvard Crimson. Gao, who last worked on the project said that Zuckerberg did not complete The Harvard Connection code and left it incomplete. The Winklevoss brothers and Narendra sent a cease and desist letter to Zuckerberg on 10 February 2004 for his unethical actions. They also went to the Harvard administration to raise a complaint to Larry Summers, the university president, and to the Harvard Administration Board to take action for violation of Universitys honour code and student handbook.The authorities looked upon the issue and advised Divya Narendra and the Winklevoss brothers to take the matter to court. [4]NDTV To serve as proof, there were a total of 51 emails sent and received between the Harvard Connection team and Mark Zuckerberg from 30 November 2003 to 4 February 2004. Other than this, Zuckerberg also participated in in-person meetings with Narendra and other Harvard connection team members. During this time he also engaged in electronic communications with people not associated with the Harvard Connection team. On 5 March 2010, these conversations were leaked from Marks hard drive. Later, the authenticity of these messages was confirmed by Facebook in a news article.A Silicon Alley Insider got hold of these messages after which they were everywhere. In these chats was a conversation of Mark talking about handling Harvard Connect.There was another leaked conversation in which Mark talked about him receiving more information about people that he wanted to:.Later, Zuckerberg felt bad about his own words and really regretted writing such words. Also, he has built a trustworthy image and earned immense Goodwill now. [5]The New Yorker.Divya along with other co-founders launched Harvard Connections on 21 May 2004. This platform gained some popularity as an online community for Harvard students and was eventually discontinued because of not gaining much traction.In 2004, Narendra with other co-founders of ConnectU filed a lawsuit against Facebook in 2004. They accused Zuckerberg of breaking the verbal agreement he made with the team of ConnectU. The lawsuit had a total of nine complaints out of which one focused on Thefacebook.com copying the code of ConnectU.com. All these complaints entirely focused on Mark Zuckerberg stealing Narendras idea and using this websites code to come up with another social media platform before ConnectU. In response to this lawsuit, Facebook logged another one against another project, Social Butterfly. The Social Butterfly was another campus platform created by Winklevoss Chang Group in partnership with i2hub and ConnectU. Basically, this lawsuit was filed against Divya Narendra, Cameron Winklevoss, Tyler Winklevoss, and Wayne Chang, who founded i2hub. Divya Narendra with Winklevoss brothers in an event In February 2008, both these lawsuits were settled and the final settlement amount was $ 65 Million. In May 2010, Facebook was accused by ConnectU once again for securities fraud on the value of the stock. The intent of this acquisition was to undo the settlement which was made by wrongly presenting the stock valuation. The stock value presented by Facebook at the time of settlement was $ 11 Million but the actual value was $ 45 Million. According to the report shared in The New York Times on 26 August 2010, Facebook shares were trading at $ 76 per share. This bought the share valuation close to $ 120 million. If the parties had to adjust the settlement amount for the difference then the amount would have been around $ 466 Million. the corporate law expert, Steven M. Davidoff said,.In the case settlement, Divya Narendra received a cash/stock settlement that reached an estimated worth of over $ 100 Million after the Facebook IPO. [6]Forbes After signing the settlement agreement, he joined Facebook in 2008 and this was highly publicized by the social and mainstream media. [7]The Economic Times Image posted on Facebook by Divya Narendra.