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Former Facebook CFO takes job with 49ers

zuckerberg2_wideweb__470x268,0 AP

Gideon Yu, a venture capitalist who previously served as the CFO of Facebook, has made an intriguing and unusual career choice.

He’s going to work for the San Francisco 49ers.  As the team’s chief strategy officer.

Tim Kawakami of the San Jose Mercury News has obtained the internal e-mail from owner Jed York announcing the hire: “As our Chief Strategy Officer, Gideon will work closely with me to maximize our strategic and business prospects and in the future, lead us in our development of new businesses and revenue streams.  In the near term, he will work closely with Larry and Patty on our Santa Clara stadium project, handling several key elements of the stadium financing plan to make sure we are ready for construction in 2013.”

It makes sense to prop up the league’s sputtering effort to build a new stadium in Santa Clara.  Still, given the unsettled realities of the NFL labor situation, it’s hard not to wonder whether York is positioning the franchise for a possible post-CBA existence in which 32 teams will be competing without salary caps or other restrictions.  With the league potentially splitting into a collection of haves and have-mores, York’s goal could be to rely on Yu’s expertise to max out the team’s money-making capabilities, so that the Niners could then be one of the organizations that will be able to attract players like his uncle, Eddie DeBartolo, once did — by spending cash by the truckloads.

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27 Responses to “Former Facebook CFO takes job with 49ers”
  1. bearsblow says: Apr 26, 2011 7:44 PM

    SB here we come!!!

  2. iamtalkingsolistenandlearn says: Apr 26, 2011 7:45 PM

    Jed York will NEVER be able to run the team as well as Eddie DeBartolo did.
    NEVER

  3. melonnhead says: Apr 26, 2011 8:07 PM

    Jed York will NEVER be able to run the team as well as Eddie DeBartolo did. NEVER

    —————————————————-

    And thank goodness for that. The NFL has enough cheaters and convicted felons already.

  4. dmackdaddy says: Apr 26, 2011 8:08 PM

    Weird but a great pickup!

  5. hobartbaker says: Apr 26, 2011 8:09 PM

    going 2 unfriend yu.

    - hoby.

  6. hobartbaker says: Apr 26, 2011 8:11 PM

    Yu brings a massive amount of expertise. Which is all kept in his head. He calls it Gideon’s Bubble.

  7. ninerfan94954 says: Apr 26, 2011 8:12 PM

    Er…if Mr. Yu, in his undergraduate days, minored in the evaluation of future franchise quarterbacks that would make things a lot easier.

  8. hobartbaker says: Apr 26, 2011 8:13 PM

    The diminutive but high energy exec has a massive head. His pals call it Gideon’s Bobble.

  9. sf987 says: Apr 26, 2011 8:15 PM

    At least the headline isn’t “49ers ‘friend’ ex-Facebook CFO.” I admire your restraint

  10. hanktheking says: Apr 26, 2011 8:18 PM

    This is not news.

  11. atlien698 says: Apr 26, 2011 8:19 PM

    Great! Next thing you know, the 49ers players personal information will become property of the team and used by outide parties, unless, of course, they change their privacy settings…

  12. ninerdynasty says: Apr 26, 2011 8:29 PM

    so, does this mean that our ticket prices are going to go up?

  13. beastofeden says: Apr 26, 2011 8:38 PM

    Unless this clown can throw a pass or identify a cover two vs. man he is useless

  14. ravenator says: Apr 26, 2011 8:39 PM

    Facebook is evil, 49ers are on deck.

  15. joey49er says: Apr 26, 2011 8:40 PM

    Ive been a niner fan all my life…these last 15 years have been a joke,lets name them nolan ,singletary,alex smith,this owner does not have a clue!!! any fans that thinks harbaugh is going to save us is dreaming! can it get better maybe. if harbaugh keeps alex smith ill burn all my 49ers stuff!!!!!!!!!!!! and he will blow any hope i have for my team..i cant even bare the thought of alex smith in the huddle again!! alex smith drops back and fumble!!!! he drops back again and throw an interception!! what the heXX are they smoking in that film room!!! 6 years of that clown!!!!! please someone sign him!!!!!

  16. huejackson says: Apr 26, 2011 8:48 PM

    i like when people talk trash about Al Davis even know he has proven championship record and nobody says a word about this clown jed york.
    This guy knows nothing about football, He is just so spoiled rich.
    His daddy gave him every thing he wanted.
    49ers will never win a superbowl with this guy in charge, they might never even win 8 games

  17. snnyjcbs says: Apr 26, 2011 9:05 PM

    Where have you been, the Niners since the Sister took the Show over have been operating on the CHEAP, they will not be spending much by the Truckload except for all the Blue Prints they will be hauling to the Dump once it finally sets in that the Stadium in Santa Clara is nothing but a Chinese Pipe Dream. These owners are no Eddie D and that is by miles.

  18. snnyjcbs says: Apr 26, 2011 9:09 PM

    Rumor has it they have hired Barnum and Bailey to preform at halftime at Home Games as well. You want to start bringing in more revenue?, try winning some games.

  19. endzonezombie says: Apr 26, 2011 9:39 PM

    The hire of Yu proves the point that the players have been making: many of the leagues 32 ‘managers’ are desperately short on business expertise and expect the players to subsidize their financial shortcomings. However, understanding how to create and run a successful and winning NFL franchise is not something you can hire off the street.

  20. thereisalwaysnextyear says: Apr 26, 2011 9:41 PM

    Let’s see. He’s not the CFO they need when they go public. He’s probably worth $100M+ and he probably loves football. What’s so hard to understand????

  21. ninerdynasty says: Apr 26, 2011 9:55 PM

    huejackson says: Apr 26, 2011 8:48 PM

    i like when people talk trash about Al Davis even know he has proven championship record and nobody says a word about this clown jed york.
    This guy knows nothing about football, He is just so spoiled rich.
    His daddy gave him every thing he wanted.
    49ers will never win a superbowl with this guy in charge, they might never even win 8 games

    ————————————————-

    look at this link:
    http://www.footballphds.com/wp-content/uploads/2011/04/mailbag-al-davis.jpg

    Now you tell me what you think about Al davis
    I rest my case.

  22. flik44 says: Apr 26, 2011 10:00 PM

    flik44 likes this.

  23. melonnhead says: Apr 26, 2011 10:05 PM

    Al Davis hasn’t won a championship since Jed York was 3 years old.

  24. msclemons67 says: Apr 26, 2011 10:22 PM

    @huejackson you must not visit many 49ers blogs. Jed York is commonly referred to as “Lucky Sperm York” by a large portion of the fans.

    Al Davis doesn’t get trashed as much lately out of respect for the (un)dead.

  25. favrelous says: Apr 26, 2011 10:35 PM

    I got a great idea. Let’s hire a ex Chicago bear who has never coached in the NFL and make him head coach. Uh oh .

    Lets do it again. This time we will bring in a ex Chicago bear who has never coached in the NFL, but was at stanfurd.

    Another great idea, let’s bring in the ex Facebook CFO that has a picture with him and mc hammer on his fbook page.

    York, if your family did not give u the team u would b a 7-11 night manager.

  26. GG Eden says: Apr 27, 2011 7:28 AM

    I guess this just about ends any hope of a shared Oakland stadium then?

  27. puregreed says: Apr 27, 2011 8:43 AM

    LMAO, so they hired a guy that steals ideas.

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