Facebook buys Parakey

Facebook’s new mission: buy all talent under 25 in the Palo Alto-Mountain View area. They are kicking it off by acquiring Sequoia Capital-backed Parakey, a company co-founded by the Firefox kid Blake Ross and Joe Hewitt. Nice way for Sequoia to get piece of the Facebook action. The terms of the deal have not been disclosed.
While it hasn’t disclosed exactly what Parakey is doing, previously published reports hint that the company was working on technologies that would allow offline access to web applications. It wouldn’t be a surprise if Facebook made an off-line version of its social service. While I am thinking about the reasons, Ross, has a decidedly more light hearted take on the deal on his blog, including some thoughts about footwear. Facebook and Parakey were featured together in a Rolling Stone article about the young entrepreneurs in Silicon Valley.