Sean Parker Presentation

of Business

Hala Abdulla and Jessica FylesGiants of Social Media PresentationSocial Media Strategies & Tactics

April 14, 2012

Sean Parker

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Co-Founder

Founding President

Board of Directors

Managing Partner

A “Giant” of Social Media

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Born in Herndon, VA, graduate of Chantilly High School

Father taught Parker to code on an Atari 800

At age 16, arrested by the F.B.I. for hacking into the network of a Fortune 500 company

Earned more than $80,000/year by his senior year of high school from various coding and start-up projects

Skipped college to pursue career as entrepreneur

Parker's Early Timeline

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Napster

At 15, Parker met 14 year-old Shawn Fanning over the InternetAt 19, co-founded Napster with Fanning, a peer-to-peer free Internet file-sharing service for musicLaunched Napster in June 1999Within one year, the service had tens of millions of users Forced to shut down due to lawsuits by several music industry labels

Considered the fastest growing business of all timeCredited with revolutionizing the music industry – people still download music today Considered the foundation for iTunes

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Plaxo

Parker launched Plaxo in November 2002Online address book and social networking service integrated with Microsoft OutlookEarned 20 million usersParker was fired in 2004 from Plaxo

Foundation for different social networking platforms such as Linkedin, Zynga and Facebook

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Facebook

Parker saw Thefacebook on the computer of his roommate’s girlfriend, a student at Stanford. First met Mark Zuckerberg in New York after exchanging emails

In June 2004, met again in Palo Alto, where Parker was unemployed. Zuckerberg invited him to move into Facebook’s newly rented summer house. Became President soon thereafter

Negotiated for Zuckerberg to retain three of Facebook’s five board seats. This gave Zuckerberg control of the company (lessons learned from Plaxo)

Parker is said to have championed Facebook’s clean user interface and developed its photo-sharing function

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Spotify

Realization of the dream Parker and Fanning had with Napster

In 2010, Parker invested $15 million in Spotify, a European/Swedish streaming music service

Currently serves on Spotify’s board of directors

In 2011 Spotify announced its U.S. launch and its partnership with Facebook, which allows Facebook users to share their Spotify playlists on their own profiles

Sean Parker: Spotify Fulfills Original Napster Vision

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Parker's Latest Status

Managing partner at the Founders Fund, Peter Thiel's venture capital fund, since 2006. Looks for and supports the spirit of innovation in up-and-coming developers and focuses on investing in early-stage companies

Reunited with his Napster co-founder Shawn Fanning on Airtime, a social video site to be launched by the end of 2012

Philanthropist – raises funds for multiple causes. Founder of Causes, one of Facebook's earliest applications

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Comments (4)One to watch for the future of social media. A genius in terms of programming, hacking, and online technology AND the long-term vision of a sharp businessman to spot a great idea and a potential breakthrough

Complete opposite of Justin Timberlake's portrayal in “The Social Network”

Parker is critical of gossip sites and news related to his public image and personal life, even though he is the social media innovator of sharing everything, from personal favorites to professional skills

Fired or forced to leave three companies he helped create, believed to be due to his non-traditional approaches.

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Thank You!

Questions?