April 1st in Business, Facebook, MBA, Money, Students by Editor .

MBAs, Facebook, Harvard and the Oxbridge Boat Race

The Winklevoss brothers will be making an appearance in the university boat race…

Charles Tyrwhitt UK
 

If you don’t know who they are – they found fame after they sued Facebook. They alleged founder Mark Zuckerberg broke an oral contract for them to build the Facebook site, copied their idea, and illegally used source code intended for the website after they asked him to do programming for them. The parties reached a confidential settlement agreement in February 2008.

Which didn’t stay confidential for long after their lawyers, Quinn Emanuel, accidentally disclosed in a marketing brochure that the dispute was settled in 2008 for $65 million in cash and Facebook shares. A drop in the ocean compared to Facebook’s $11.5 billion estimated value but a nice nest egg for when they finally decide to stop being students.

Having made all that cash and completed Harvard, the brothers seemed intent on holding on to their student lifestyle. So, in September 2009 Tyler and Cameron Winklevoss started an MBA course at Oxford’s Said Business School. And now they will be competing in this year’s boat race against Cambridge.

Bloomberg: The 28-year-old identical twins from Greenwich, Connecticut, will row for Oxford University in the 156th edition of the Boat Race against Cambridge. The crews will meet on the 4.25-mile (6.8-kilometer) course through west London in two days.

The six-foot-four Olympians were selected for the Oxford boat after a seven-month training and selection regime. They took exams for their MBA degree last week. Neither Oxford nor Cambridge allows their students to forgo their studies because of the race, which is sponsored by back-office service provider Xchanging Plc.

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New challenges: “That might be a combination of rowing and business in the near term. Perhaps a little more school…”

More studentdom? They have got $65m+ to fall back on. And fairly solid CVs by all accounts…

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4 Comments

  • Tim Pilgram
    April 3, 2010
  • Jessica
    May 11, 2010
  • Michael Medley
    June 28, 2010