Valleywag
Peter Thiel's behind-the-scenes war with Sequoia Capital continues. The latest battleground? Gideon Yu, YouTube's former CFO, had planned to leave after the Google buyout of the online-video site to hook up with Sequoia as a partner. Instead, he's joining Facebook, the social network in which Thiel is an investor and a board member, as its CFO. It's a loss for Sequoia partner Michael Moritz, who has feuded with Thiel's Founders Fund. But it's undoubtedly a gain for Facebook. The social network, whose board members already like to play fast and loose with revenue figures, needs a CFO who's not above a little white lie. Like, say, YouTube's budget. Or what his career plans really are.
Facebook's financial fibber-in-chief
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5:19 PM on Tue Jul 24 2007
By Owen Thomas
2,568 views
3 comments
Comments
Interesting. Usually when there is a sudden change at the CFO post, it's not a good sign.
I met Sheridan back in 2005 when he oversaw the acquisition of my old company, wrote about the two reasons he might have left here:
[www.watchmojo.com]
Enjoy.
WIRE: FCBK UP 300% ON IPO!
Why can't I get in on these backdated options and creative press release profit mills. I really miss be paid what I'm worth in this industry.
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