Facebook, a social networking website, is gaining more attention than Google Inc. among Internet industry observers. Not very long ago, Google was the celebrity at conferences in which the elite of Silicon Valley talked about the 'next big thing.' Google has generally been the top topic of conversation among industry experts because of its increasing number of products and its dominance of the search industry. However, at Fortune iMeme, all the buzz was about Facebook, an online website created by Mark Zuckerberg, 23. He founded the site in 2004 in his dorm room at Harvard, and now the site attracts millions of users, especially teenagers, and has been consistently mentioned as being a target of acquisition. Regardless of their affiliation, executives at the industry conference were asked about Facebook. The site's current strategy is to remain independent, in spite of lucrative offers made to purchase the company by firms like Yahoo!. Venture capitalist Jim Breyer, who works at Accel Partners, invested in Facebook and is now a member of its board. He emphasizes that the company wants to stay independent, but he has left some room for selling out at some point in the future. The asking price is likely to be at least $1 billion, he says. Facebook is already a profitable company, if certain expenses are not included. Its revenue will total at least $100 million for 2007, according to Breyer.