"Facebook raised money in three rounds, seed money in 2003 and traditional venture capital rounds in 2005 and 2006"

Not to make a big deal about a typo, but Fbook launched 2/04 and got funding later that year from Peter Thiel.

Less like an actual "open letter," and more like a "here's a little lesson on uncommonly performed business maneuvers." The tone is kind of patronizing/offputting.

agreed. you think zuck doesnt know this or has people to give him this info?

Lurid and uninformed as well.

This is pure speculation with the some definition of terms.