So they sued him for $65 million. 💰
Now they're crypto billionaires.
6 lessons from the wild story of the Winklevoss twins:
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So let's talk about betrayal.
Twin brothers from Harvard created a social network idea in 2004 and hired Mark Zuckerberg to build it.
Facebook launched a few months later. But the twins were left out and took Zuckerberg to court in anger.
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Facebook blew up in a big way.
In 2008, the twins finally settled their 4-year lawsuit for $65 million - $20 million in cash and $45 million in Facebook stock.
Most people would've taken the money and run.
The Winklevosses were just getting started:
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The twins held onto Facebook stock, believing in its potential.
By 2012, their $45 million investment rose to $200 million when the company went public.
They made a killing off their "enemy's" success.
And that's not all -
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Let's jump to summer 2013.
Twin brothers discovered Bitcoin, priced at $8 a coin.
They dug in for months and concluded: it was going to be huge, even bigger than Facebook.
So, they made a crazy move that left everyone's jaw on the floor...
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They picked up 1% of all the Bitcoin out there. That set them back $11 million and got them 120,000 BTC.
People thought they were nuts. "Magic internet money," they laughed. But they weren't betting on a currency.
They were betting on a whole new way of doing finance...
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Bitcoin stood out because of its 21 million fixed:
→ Supply
→ Government independence
→ And instant global transactions.
They saw huge financial reform potential.
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In 2015, the crypto world was a free-for-all.
The twins saw an opportunity and launched Gemini, a regulated crypto exchange similar to a stock exchange for digital cash.
Here's the deal:
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By 2017, Bitcoin's price hit $20,000.
That $11 million investment grew to $1.3 billion.
They invested even more, going global to spread crypto use.
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Bringing Crypto to the Mainstream
Today, they're still working to make crypto mainstream:
• Making Gemini easier to use
• Pushing for clear crypto laws
• Investing in the next big blockchain ideas
But the Winklevoss story isn't just about crypto.
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Catch trends early and invest big.
The twins built a system around Bitcoin.
Think long-term, not just about now. Invest in a bigger plan and teach others about crypto to grow the industry and your influence.
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Stay curious and don't give up when people say "no".
Today's failures can lead to tomorrow's success.
What will be your $65 million revenge story?
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I hope you've found this thread helpful.
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