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Facebook has raised about 9 rounds of financing depending on you see it. Its initial investment was $500,000 from Peter Theil- co founder of Paypal and Reid Hoffman. In about 8 months time, it received its formal series A investment from Accel partners for about $13M.  Series B of $27.5M was done a year later with Greylock partners and a number of other firms. Wonder where some of the other top firms were at that time? Sequoia and Kleiner? Did they turn down investment in the company? A year and a half later, Facebook raised a huge round of $240M from Microsoft at a valuation of close to $6B. Even as it continue to lose money, investors continue to pour money into the company with a total amount raised at $716M.

On Sep 15, 2009, Mark Zuckerberg announced that Facebook was cash flow positive which is a huge deal. Estimates is that Facebook will do about $500+M in revenue through a combination of self service ads, brand ads, virtual goods and the $150M deal with Microsoft. It is hard to tell how cash flow positive is the company, but if it can mantain consecutive quarters of cash flow growth, then it would not need to dig into investor's money for funding anymore. After all, serving 300M people is a huge deal as it is almost as large as the population of US itself. At 300M strong, Facebook would be the 5th largest country in the world right after USA and before Indonesia