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$15,000 for 30%.
Those were the terms that Eduardo Saverin and Mark Zuckerburg agreed to in 2003 when TheFacebook.com was being built in a Harvard dormroom.
Had equity crowdfunding been legal back then, Zuckerburg would have instead needed only 150 of his earliest users to invest $100 each, which considering that equaled roughly one day of Harvard’s then $37,000 annual tuition, should have been a walk in the park.
Even if those 150 investors had been diluted in later rounds – as Saverin was – that $100 initial investment would have been worth around $20 million when Facebook went public in 2012.