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Facebook Founder Invests In "Visual" Search

Eduardo Saverin -- who you may remember as Mark Zuckerberg's forsaken friend and business partner in "The Social Network" -- just led an $8 million investment in Qwiki. What is Qwiki? It's a startup that responds to search queries with interactive multimedia presentations rather than links, according to The New York Times. "Qwiki is early stage, but they are on the path to be a game changer," Saverin tells The Times.

Saverin, who currently lives in Singapore, isn't saying exactly how much he invested in Qwiki. But, Saverin could stand to invest a few million - even a few hundred million. As a co-founder of Facebook and its first business manager, he remains one of the company's primary shareholders with an ownership stake of about 5% -- valued at roughly $2.5 billion, according to The Times. Qwiki, which recently won a top award at TechCrunch's "disrupt" conference, attempts to turn a collection of data about a topic into interactive multimedia presentations. As The Times explains, If you type "San Francisco," it will return an short audiovisual presentation about the city that includes basic facts and sights.

Read the whole story at The New York Times »

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