And another one bites the dust. Brendan Iribe, co-founder of the virtual reality start-up Oculus, said on Monday that he was leaving Facebook, four years after the social media group acquired his company. There is a growing exodus of executives and investors should worry.
In only a year almost all the founders of the start-ups that Facebook acquired have left. In September Kevin Systrom and Mike Krieger, co-founders of Instagram, the photo-sharing platform, both departed Facebook, having been bought in 2012. In April Jan Koum, co-founder of WhatsApp, the instant messaging service bought by Facebook in 2014, said that he was leaving. And in March last year Mr Iribe’s fellow co-founder, Palmer Luckey, also left. To lose one founder looks like misfortune, to lose five