Facebook Accepting Software Creations from Developers Everywhere
Facebook has made an incredible income opportunity available to software developers everywhere. If you have software development skills, a good idea, and some ambition, you could potentially become very rich through the social network. Read more about this on https://en.instaprivateviewer.com.
Facebook began in 2004 and was originally used as a way for college students to stay in touch. The site has since grown into a platform, more like MySpace, allowing everyone to create a page and socialize. This expansion has resulted in Facebook developing into a niche social network, which has established itself in the tech world.
The company has a way of doing business in a non-traditional manner, and In May of 2007, Facebook made its platform available to software developers who had good programs to add to the site. This ingenious way in which the company does business with software developers, allows Facebook users to select software programs from a wide range of choices, and add these programs to their pages. The company even went so far as to hold an eight-hour-long competition in which competing software developers created programs to be considered for inclusion within Facebook’s interface. This contest called f8 resulted in eighty-five newly created programs being added to the Facebook platform. These new programs ranged from video sharing to games.
The company has now made a move that is sure to cultivate new applications to an even greater extent. In September 2007, Facebook’s founder Mark Zuckerberg announced the fbFund. Through the fbFund, an initial sum of $10 million will be allocated to the compensation of developers who create software that is to be shared with Facebook. The amounts of payment per application will range from $25,000 to $250,000, and the company has not placed a limit on the number of applications that can be contributed by each software developer. This means that the potential for someone to earn a substantial amount of money by contributing several applications is there, at least for now.
Zuckerberg has also made it clear that in addition to the initial compensation or “grants” as he refers to them, there will be more opportunities to earn from the same contributed applications. More specifically, Facebook has plans to fill the role of venture capitalists for certain chosen applications, and because of the fact that the software developers will be able to maintain ownership of their creations, Facebook will be instrumental in providing the capital needed to turn software applications into start-up business projects.
Zuckerberg himself started out as a software developer, working out of his basement, and always dreamed of receiving an opportunity such as the one he is now making available to others. His goal is to put new software development talent on the map, while at the same time creating a lucrative situation, both for Facebook and developers.
The only condition needed to be met in order to be eligible for the fbFund is the condition of a developer never previously having accepted venture capital form a different company. This stipulation makes all the sense in the world, as it will allow funds to be distributed to those who may have been overlooked in the past when seeking venture capital. It will also keep Facebook out of any potential related legal issues over software ownership.
My hope is that a basement software developer with some great ideas will come across this article, and learn of Facebook’s plan and the found. What the company is offering will surely turn out to be a catalyst for cash-flow, and could over time, make some hard-working developers very rich!