In this video clip posted this week, Digg CEO, Kevin Rose announces that he and Tim Ferriss have made a co-investment in Facebook on the secondary market.
Rose confirms that that "he and Ferriss actually bought shares on SecondMarket at a $45 billion valuation. The "craziness" Rose is referring to is Facebook's recent $1.5 billion funding round from Goldman Sachs and DST at a $50 billion valuation, and the possibility of an IPO for the network by April 2012.
In terms of why he invested in Facebook at this stage of the game, Rose said: "This's still early days for Facebook, the graph is starting to extend into interests and personal preferences. This's going to enable a slew of new ideas and startups -- I believe Facebook is well positioning to be in the middle of it all."
[tags]stock market,shares,kevin rose[/tags]