Eduardo Saverin | CrunchBase Profile: "He met Mark Zuckerberg in his sophomore year while punching the Phoenix S.K. Club and later co-founded Facebook with Zuckerberg during his junior year, assuming the role of business manager. However, due to internal conflicts and differences of opinion with Zuckerberg over the following summer when Saverin was living in New York (where he worked briefly as a finance intern), Saverin drifted from what was then known as thefacebook, a fast-growing Silicon Valley start-up. After outside investor principally venture capitalist and PayPal co-founder Peter Thiel took control of the start-up’s finances and capital needs and backed Zuckerberg as its CEO, Saverin’s role diminished and his influence evaporated."
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