Well, they managed to get the funding they needed, and now all they have to do is graduate school and start coding.
Of course, it's a pretty naive idea to think that four or five meagerly funded students could hack out something like Facebook.
What was that? Facebook was originally built by just one college student? Really? Okay, then maybe these kids do have a shot.
Four Nerds and a Cry to Arms Against Facebook Jim Dwyer, nytimes.com