Cameron Winklevoss

At a Fortune conference earlier this week, Larry Summers said in an interview that he learned one invaluable lesson about people while running Harvard: “If an undergraduate is wearing a tie and jacket on Thursday afternoon at three o’clock, there are two possibilities. One is that they’re looking for a job and have an interview; the other is that they are an a**hole.” Summers was not speaking generally about assholes but two in particular, Tyler and Cameron Winklevoss, who in 2004, complained to the then Harvard president that Mark Zuckerberg had stolen their idea for Facebook. In the Social Network, Summers is portrayed as being a bit brusque with the Winklevii, essentially to fuck off and go waste someone else’s time, a portrayal he has described as entirely accurate, and for which he makes no apology, on account of the asshole assessment. Apparently the twins caught wind of Summers’ comments and yesterday took the time to respond, via open letter. Spoiler alert: they’re not happy (with Summers’ lack of ‘tact,’ his refusal to shake their hands, the sight of his feet on his desk, and this ‘unprecedented betrayal’): Continue reading »

A U.S. appeals court ruled Monday that the Winklevoss twins can’t back out of a settlement they struck with Facebook Inc. to resolve claims that founder Mark Zuckerberg stole their idea for the social network.  In a 2008 settlement…Cameron and Tyler Winklevoss got $20 million in cash and $45 million in Facebook stock to drop their suit claiming that Mr. Zuckerberg deceived them when he agreed to work for their company, called ConnectU, on a similar website…after they signed the settlement, the Winklevosses said they learned that Facebook’s board had adopted an internal valuation of just $3.7 billion. Had this lower valuation been used, the Winklevoss twins would have received more Facebook shares as part of their settlement. [WSJ]

Related: Larry Summers Will Not Apologize For Being A Dick To The Winklevoss Twins

Those of you who’ve seen The Social Network know there is a scene in which Tyler and Cameron Winklevoss (AKA The Winklevi) go to Larry Summers, the then president of Harvard, to complain that Mark Zuckerberg stole their idea for Facebook. In the movie, Summers is portrayed as a bit of a dick, essentially telling the Winks to fuck off and go waste someone else’s time. Was the portrayal accurate, Summers was asked this morning? Hell yeah it was. And you want to know another thing? Big Lar doesn’t regret for one second telling those little shits to get out of his office. Continue reading »