Cameron Winklevoss

Cameron Howard Winklevoss (born August 21, 1981) is an American cryptocurrency and Bitcoin investor, rower, entrepreneur, and founder of Winklevoss Capital Management and Gemini cryptocurrency exchange. He competed in the men's pair rowing event at the 2008 Beijing Olympics with his identical twin brother and rowing partner, Tyler Winklevoss. Winklevoss and his brother are known for co-founding HarvardConnection (later renamed ConnectU) along with Harvard classmate Divya Narendra. In 2004, the Winklevoss brothers sued Facebook founder Mark Zuckerberg, claiming he stole their ConnectU idea to create the popular social networking site Facebook. In addition to ConnectU, Winklevoss also co-founded the social media website Guest of a Guest with Rachelle Hruska.

Cameron Winklevoss
Winklevoss in 2015
Born (1981-08-21) August 21, 1981
Southampton, New York, U.S.
Net worth US$ 1.4 billion (January 11, 2021)[1]
RelativesTyler Winklevoss (brother)
Sports career
Personal information
Alma materHarvard University
Oxford University
Height6 ft 5 in (1.96 m)
Weight220 lb (100 kg)
SportRowing
College teamHarvard University
Oxford University
TeamUnited States Olympic Team
Sports achievements and titles
Olympic finals6th place, Beijing Olympics
Medal record
2007 Pan American Games 8+
2007 Pan American Games 4-
2009 Lucerne World Cup 4-

Early life and education

Cameron Winklevoss was born in Southampton, New York, and raised in Greenwich, Connecticut.[2] He is the son of Carol (née Leonard) and Howard Edward Winklevoss Jr.;[3][4] Howard was a professor of actuarial science at the Wharton School of the University of Pennsylvania,[5] and is the author of Pension mathematics with numerical illustrations ISBN 9780812231960, and founder of Winklevoss Consultants and Winklevoss Technologies. Cameron began playing classical piano at 6 years of age, which he studied for 12 years. At an early age, he (left-handed) and his identical "mirror-image" twin brother Tyler (right-handed) demonstrated a pattern of teamwork, building Lego together and playing musical instruments.[6][7] At the age of 13, they taught themselves HTML and started a web-page company, which developed websites for businesses.[8]

Winklevoss went to the Greenwich Country Day School before attending the Brunswick School for high school.[9] He showed a fondness for the classics in high school, studying Latin and Ancient Greek. During his junior year, he co-founded the crew program with Tyler.[10][11]

He enrolled at Harvard University in 2000 for his undergraduate studies where he majored in economics, earning an AB degree and graduating in 2004.[8] At Harvard, he was a member of the men's varsity crew, the Porcellian Club[12][13] and the Hasty Pudding Club.

In 2009, Winklevoss entered the Saïd Business School at the University of Oxford where he obtained an MBA in 2010.[6] While at Oxford he was an Oxford Blue, and rowed in the Blue Boat in the Oxford-Cambridge Boat Race.[14][15]

ConnectU
Main article: ConnectU

In December 2002, Winklevoss, along with his brother and with classmate Divya Narendra, wanted a better way to connect with fellow students at Harvard University and other universities.[16] As a result, the three conceived of a social network for Harvard students named HarvardConnection,[17] which was to expand to other schools around the country.[18][19][20] In January 2003, they enlisted the help of fellow Harvard student, programmer, and friend Sanjay Mavinkurve to begin building HarvardConnection.[21] Mavinkurve began work on HarvardConnection but left the project in the spring of 2003 when he graduated and went to work for Google.[22]

After the departure of Mavinkurve, the Winklevosses and Narendra approached Narendra's friend, Harvard student and programmer Victor Gao to work on HarvardConnection.[21] Gao, a senior in Mather House, had opted not to become a full partner in the venture, instead agreeing to be paid in a work for hire capacity on a rolling basis.[20] He was paid $400 for his work on the website code during the summer and fall of 2003; however, he excused himself thereafter due to personal obligations.[19]

Facebook lawsuits

In 2004, ConnectU filed a lawsuit against Facebook alleging that creator Mark Zuckerberg had broken an oral contract with them. The suit alleged that Zuckerberg had copied their idea[23][24] and illegally used source code intended for the website he was hired to create.[25][26][27][28] Facebook countersued in regards to Social Butterfly, a project put out by The Winklevoss Chang Group, an alleged partnership between ConnectU and i2hub, another campus service. It named among the defendants ConnectU, Cameron Winklevoss, Tyler Winklevoss, Divya Narendra, Winston Williams, and Wayne Chang, founder of i2hub.[29] A settlement agreement for both cases was reached in February 2008, reportedly valued at $65 million.[30] However, in May 2010, it was reported that ConnectU is accusing Facebook of securities fraud on the value of the stock that was part of the settlement and wants to get the settlement undone. According to ConnectU's allegations, the value of the stock was worth $11 million instead of $45 million that Facebook presented at the time of settlement. This meant the settlement value, at the time, was $31 million, instead of the $65 million.[31][32] On August 26, 2010, The New York Times reported that Facebook shares were trading at $76 per share in the secondary market, putting the total settlement value at close to $120 million.[33][34] If the lawsuit to adjust the settlement to match the difference goes through, the value will quadruple to over $466 million.[31] According to Steven M. Davidoff, "Facebook never represented its valuation in this negotiation, and so there is no prior statement that the company needs to correct."[35] Additionally, Cameron has publicly announced that he fully supports Facebook.[36]

After defeat at the appellate court level, the Winklevoss twins decided to petition the Supreme Court of the United States to hear the case, but in June 2011 announced that they had changed their minds.[37]

Quinn Emanuel lawsuits

One of ConnectU's law firms, Quinn Emanuel, inadvertently disclosed the confidential settlement amount in marketing material by printing "WON $65 million settlement against Facebook".[38] Quinn Emanuel is seeking $13 million of the settlement. ConnectU fired Quinn Emanuel and sued the law firm for malpractice.[39] On August 25, 2010, an arbitration panel ruled that Quinn Emanuel "earned its full contingency fee". It also found that Quinn Emanuel committed no malpractice.[40]

The Winklevoss Chang Group lawsuit

On December 21, 2009, i2hub founder Wayne Chang and The i2hub Organization launched a lawsuit against ConnectU and its founders, seeking 50% of the settlement. The complaint says, "The Winklevosses and Howard Winklevoss filed [a] patent application, U.S. Patent Application No. 20060212395, on or around March 15, 2005, but did not list Chang as a co-inventor." It also states, "Through this litigation, Chang asserts his ownership interest in The Winklevoss Chang Group and ConnectU, including the settlement proceeds."[41] Lee Gesmer of the firm Gesmer Updegrove posted the detailed 33-page complaint online.[42][43]

On May 13, 2011, it was reported that Judge Peter Lauriat made a ruling against the Winklevosses. Chang's case against them could proceed. The Winklevosses had argued that the court lacks jurisdiction because the settlement with Facebook has not been distributed and therefore Chang hasn't suffered any injury. Judge Lauriat wrote, "The flaw in this argument is that defendants appear to conflate loss of the settlement proceed with loss of rights. Chang alleges that he has received nothing in return for the substantial benefits he provided to ConnectU, including the value of his work, as well as i2hub's users and goodwill." Lauriat also wrote that, although Chang's claims to the settlement are "too speculative to confer standing, his claims with respect to an ownership in ConnectU are not. They constitute an injury separate and distinct from his possible share of the settlement proceeds. The court concludes that Chang has pled sufficient facts to confer standing with respect to his claims against the Winklevoss defendants."[44][45][46][47][48][49]

Guest of a Guest

In 2008 Cameron co-founded the online site Guest of a Guest, a web log that focuses on parties and nightlife in New York City, Los Angeles, the Hamptons and Washington, DC, with Rachelle Hruska; she bought out his stake in 2012.[50]

Gemini Bitcoin Exchange

The New York State Department of Financial Services (NYDFS) has granted a charter under the New York Banking Law to Gemini Trust Company, LLC ("Gemini") – a Bitcoin exchange that is based in New York City and founded by Cameron and Tyler Winklevoss. [51]

Rowing
Cameron Winklevoss at the 2008 Beijing Olympics

Winklevoss began rowing at the age of 15, encouraged by family friends and the example of next-door neighbor Ethan Ayer who rowed at Harvard University and Cambridge University.[10] He began rowing at the Saugatuck Rowing Club on the Saugatuck River in 1997.[52] His first coach was Irishman James Mangan who coached him and his brother throughout high school.[53] Winklevoss' high school did not have a crew; in his junior year, he and his brother co-founded the crew program at their high school.[10] In the summer of 1999, he made the United States Junior National Rowing Team, competing in the coxed pair event with his brother at the World Rowing Junior Championships in Plovdiv, Bulgaria.[53]

Cameron's rowing discipline is sweep rowing.[54]

Harvard

Winklevoss rowed at Harvard University for four years under coach Harry Parker, while completing his undergraduate studies.[11] In 2004, he sat 6-seat in the "engine room" of the Harvard men's varsity heavyweight eight boat.[53] The 2004 crew was nicknamed the "God Squad" because, according to his brother, some of them believed in God while the rest believed they were God.[55] As a Harvard Crimson in 2004, he helped the "God Squad" win the Eastern Sprints, the Intercollegiate Rowing Association Championship, and the Harvard–Yale Regatta as part of an undefeated collegiate racing season.[56]

In the summer of 2004, Winklevoss and the "God Squad" traveled to Lucerne, Switzerland, to compete in the Lucerne Rowing World Cup. They defeated the 2004 British and French Olympic eight boats in the semi-final to earn a spot in the grand final, in which they placed 6th.[57] The team then traveled to the Henley Royal Regatta where they competed in the Grand Challenge Cup. Winklevoss helped his team defeat the Cambridge University Blue Boat in the semi-final before they fell to the Dutch Olympic eight boat team (of the Hollandia Roeiclub) in the final by ​2⁄3 of a boat length.[58] The Dutch team went on to win the Olympic silver medal at the Athens Olympic Games a month later.[59]

2007 Pan American Games

In 2007, Winklevoss was named to the United States Pan American Team and competed at the 2007 Pan American Games in Rio de Janeiro, Brazil.[60] He won a silver medal in the men's coxless four event[61] and a gold medal in the men's eight event on the Lagoa Rodrigo de Freitas.[62]

2008 Olympic Games

In 2008, Cameron was named to the United States Olympic Team and competed at the 2008 Olympic Games in Beijing, China.[63] He rowed with his brother in the men's coxless pair event which took place at the Shunyi Olympic Rowing-Canoeing Park. The brothers were coached by the renowned Ted Nash.[11] In their first heat, they failed to finish in the top three and did not qualify for the Semifinals. In the Repechage (a last chance to make the Semifinals), they took first, advancing them to the Semifinals. A strong finish in Semifinal 2 put them in the Final. They ended up finishing sixth out of the fourteen countries that had qualified for the Olympics.[64]

2009 World Cup

In 2009, Winklevoss won a bronze medal at the Rowing World Cup in Lucerne, Switzerland in the men's coxless four event.[65]

Winklevoss Capital Management
See also: Winklevoss Capital Management

In 2012, Winklevoss and his brother Tyler founded Winklevoss Capital Management, a firm invests across multiple asset classes with an emphasis on providing seed funding and infrastructure to early-stage startups. The company is headquartered in New York's Flatiron District.

Winklevoss and his brother Tyler are both played by actor Armie Hammer in The Social Network (2010), a film directed by David Fincher about the founding of Facebook. Actor Josh Pence was the body double for Tyler with Hammer's face superimposed. The twins were depicted on the cartoon comedy show The Simpsons in the eleventh episode of Season 23 in the episode called "The D'oh-cial Network" which aired on January 15, 2012. The Winklevoss twins are seen rowing in the 2012 Olympic Games against Marge Simpson's sisters Patty and Selma. There is a reference made to the $65 million Facebook settlement.[66]

References
  1. Castillo, Michael del. "Bitcoin's Recent Surge Creates New Billionaires". Forbes.
  2. "NBC Olympics Cameron Winklevoss Athlete Bio". Archived from the original on 2010-09-13. Retrieved 2010-08-26.
  3. "Friendships forged in devastating nor'easter".
  4. "The Wave". The Rockaway Wave. Archived from the original on 2014-10-30. Retrieved 2014-10-30.
  5. "Winklevoss Technologies About Us". Archived from the original on 2011-07-18. Retrieved 2010-08-21.
  6. Betts, Hannah (2010-03-20). "Muscle-bound, Oxford-educated and multi-millionaires-meet the Winklevoss twins". The Times, The Sunday Times.
  7. Jakobovits, Laura (2008-06-01). "Tyler and Cameron Winklevoss: Making waves at the Beijing Olympics". A Small Magazine.
  8. Kidd, Patrick (2010-01-15). "'Facebook twins' Cameron and Tyler Winklevoss offer Oxford experience in Boat Race". The Times, The Sunday Times.
  9. Gustafson, Colin (2010-08-16). "Twins back in spotlight with upcoming Facebook film". Greenwich Time.
  10. Riley, Cailin (2008-07-10). "Twin rowers headed to Olympics". The Southampton Press. Archived from the original on 2013-01-01.
  11. Matson, Barbara (2008-07-27). "Rowing Machines: Winklevoss twins hope to form successful pair in Beijing". The Boston Globe.
  12. Ben Mezrich. The Accidental Billionaires. p. 28.
  13. "Aaron Sorkin toured Harvard's secret clubs for Facebook film". New York Post. 2010-07-25.
  14. Rossingh, Danielle (2010-04-01). "Harvard Twins Who Sue Facebook Now Take on Cambridge in 156th Boat Race". Bloomberg.
  15. Whittle, Natalie (2010-03-05). "Social networking pioneers...and killer oarsmen". Financial Times.
  16. Bourne, Claire (2004-11-23). "Web sites click on campus". USA Today.
  17. Pontin, Jason (2007-08-12). "Who owns the concept if no one signs the papers?". The New York Times.
  18. Carlson, Nicholas (2010-03-05). "At Last—The full story of how Facebook was founded". The Business Insider.
  19. ConnectU, Inc. v. Facebook, Inc. et al, Declaration of Victor Gao (Massachusetts Federal Court 2007-09-21).Text
  20. O'Brien, Luke (2007-12-03). "Polking Facebook". 02138 Magazine.
  21. McGinn, Timothy (2004-05-28). "Online facebooks duel over tangled web of authorship". The Harvard Crimson.
  22. Richtel, Matt (2009-04-11). "Tech recruiting clashes with immigration rules". The New York Times.
  23. Michael Levenson (2008-06-27). "Facebook, ConnectU settle dispute:Case an intellectual property kerfuffle". The Boston Globe.
  24. Malcom A. Glenn, "For Now, Facebook Foes Continue Fight Against Site", The Harvard Crimson, July 27, 2007
  25. O'Brien, Luke (November–December 2007). "Poking Facebook". 02138. p. 66. Archived from the original on 2008-05-14. Retrieved 2008-06-26.
  26. McGinn, Timothy J. (2004-09-13). "Lawsuit Threatens To Close Facebook". Harvard Crimson. Archived from the original on 2007-08-15. Retrieved 2008-03-08.
  27. Maugeri, Alexander (2004-09-20). "TheFacebook.com faces lawsuit". The Daily Princetonian. Archived from the original on 2008-01-09. Retrieved 2008-03-08.
  28. Tryhorn, Chris (2007-07-25). "Facebook in court over ownership". The Guardian. Retrieved 2008-03-15.
  29. California Northern District Court (2007-03-09). "The Facebook, Inc. v. Connectu, LLC et al". Justia.
  30. Brad Stone (2008-06-28). "Judge Ends Facebook's Feud With ConnectU". The New York Times.
  31. Owen Thomas (2010-05-19). "Facebook CEO's latest woe: accusations of securities fraud". VentureBeat.
  32. Nick Farrell (2010-05-21). "Facebook's Zuckerberg faces security fraud allegation". TechEye. Archived from the original on 2010-07-24. Retrieved 2010-07-23.
  33. "Investors Value Facebook at Up to $33.7 Billion". The New York Times. August 26, 2010.
  34. Eric Eldon (February 12, 2009). "Financial wrinkle lost ConnectU some Facebook settlement dollars". VentureBeat.
  35. "Twins' Uphill Battle With Facebook and Zuckerberg". The New York Times. January 13, 2011. Archived from the original on June 25, 2017. Retrieved March 5, 2017.
  36. "Facebook and Winklevoss twins". The New York Times. April 8, 2012.
  37. "Winklevoss twins finally give up fighting Facebook". ZDNet. June 22, 2011.
  38. Dan Slater (2009-02-10). "Quinn Emanuel Inadvertently Discloses Value of Facebook Settlement". The Wall Street Journal.
  39. Zusha Elinson (2010-02-10). "Quinn Emanuel Brochure Spills Value of Confidential Facebook Settlement". The Recorder.
  40. Nate Raymond (2010-09-15). "Arbitrators Confirm Quinn Emanuel's Fee in Facebook Settlement". The National Law Journal.
  41. Caroline McCarthy (2010-01-04). "Fresh legal woes for ConnectU founders". CNET News.
  42. Lee Gesmer (2010-01-18). "Chang v. Winklevoss Complaint". Commonwealth of Massachusetts.
  43. Lee Gesmer (2010-01-18). "The Road Goes on Forever, But the Lawsuits Never End: ConnectU, Facebook, Their Entourages". Mass Law Blog.
  44. Bianca Bosker (2011-05-13). "Wayne Chang's Suit Against Winklevoss Twins Can Proceed, Judge Rules". Huffington Post.
  45. Sheri Qualters (2011-05-13). "Winklevoss Twins Loses Again in Court". The National Law Journal.
  46. "Winklevoss Twins Sued For Part Of Their Facebook Fortunes". Fox News. 2011-05-13.
  47. Nick O'Neill (2011-05-13). "Developer Sues Winklevoss Twins, Everybody Cheers". AllFacebook. Archived from the original on 2012-01-08.
  48. Chloe Albanesius (2011-05-13). "Winklevoss Twins Face Lawsuit Over Facebook Funds". PC Magazine.
  49. Sophia Pearson (2011-05-13). "Winklevoss Twins Face Suit Over Failed Alliance, Judge Says". Bloomberg.
  50. Heyman, Marshall (July 11, 2012). "Party Site Founder Goes Solo". The Wall Street Journal.
  51. "NYDFS GRANTS CHARTER TO "GEMINI" BITCOIN EXCHANGE FOUNDED BY CAMERON AND TYLER WINKLEVOSS". Archived from the original on 2016-06-13. Retrieved 2016-05-17.
  52. "USRowing Cameron Winklevoss Athlete Bio". Archived from the original on 2010-09-16. Retrieved 2010-09-01.
  53. Berg, Aimee (2008-07-26). "Rowing Twins Take Control". Team USA.org. Archived from the original on 2010-11-23.
  54. "Team USA.org Cameron Winklevoss Athlete Bio". Retrieved 2010-09-01.
  55. Susan Saint Sing. The Eight: A Season in the Tradition of Harvard Crew. p. 52.
  56. McGinn, Timothy (2004-06-10). "Team of the Year: Harvard Heavies Rout All Comers, Crimson caps second undefeated season with another national title". The Harvard Crimson.
  57. McGinn, Timothy (2004-07-02). "M. Heavyweight Crew Downs UK, France: Crimson takes sixth at World Cup". The Harvard Crimson.
  58. McGinn, Timothy (2004-07-09). "Dutch Edge Out Harvard First Varsity". The Harvard Crimson.
  59. "WorldRowing.com Results". Retrieved 2010-09-02.
  60. "USRowing 2007 Pan American Games Roster Announcement". USRowing. 2010-06-26. Archived from the original on 2010-04-21. Retrieved 2010-09-10.
  61. "Pan American Games Results". Los Angeles Times. 2010-07-19. Retrieved 2010-09-10.
  62. "Pan American Games Results". San Diego Union-Tribune. 2010-07-20. Retrieved 2010-09-10.
  63. "Meet Team USA". USA Today. 2010-08-02. Retrieved 2010-09-10.
  64. "2008 Summer Olympics Rowing Results". ESPN. Retrieved 2010-09-10.
  65. "WorldRowing.com Results". Retrieved 2010-10-14.
  66. "Winklevoss twins pitch plan to regulate digital money". Business Times. March 14, 2018. Retrieved 11 April 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.