Mark Elliot Zuckerberg (born May 14, 1984) is an American computer programmer and Internet entrepreneur. He is a co-founder of Facebook, and currently operates as its chairman and chief executive officer. His net worth is estimated to be US$71.8 billion as of July 2017, and he is ranked by Forbes as the fifth richest person in the world. Zuckerberg launched Facebook from his Harvard University dormitory room on February 4, 2004. He was assisted by his college roommates and fellow Harvard students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The group then introduced Facebook to other college campuses. Facebook expanded rapidly, reaching one billion users by 2012. Meanwhile, Zuckerberg was involved in various legal disputes brought by others in the group, who claimed a share of the company based upon their involvement during the development phase of Facebook. In December 2012, Zuckerberg and his wife Priscilla Chan announced that over the course of their lives they would give the majority of their wealth to “advancing human potential and promoting equality” in the spirit of The Giving Pledge. On December 1, 2015, they announced they would eventually give 99 percent of their Facebook shares (worth about US$45 billion at the time) to the Chan Zuckerberg Initiative. Since 2010, Time magazine has named Zuckerberg among the 100 wealthiest and most influential people in the world as a part of its Person of the Year award. In December 2016, Zuckerberg was ranked 10th on Forbes list of The World’s Most Powerful People. [Excerpt from Wikipedia, the free encyclopedia ]
Below are some of his business Inspiration
Our goal is not to build a platform; it’s to be cross all of them.
A lot of people are focused on taking over the world or doing the biggest thing and getting the most users. I think part of making a difference and doing something cool is focusing intensely.
The biggest risk is not taking any risk… In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.
I started the site when I was 19. I didn’t know much about business back then.
I feel that the best companies are started not because the founder wanted a company but because the founder wanted to change the world… If you decide you want to found a company, you maybe start to develop your first idea. And hire lots of workers.
Founding a company is hard. Most of it isn’t smooth. You’ll have to make very hard decisions. You have to fire a few people. Therefore, if you don’t believe in your mission, giving up is easy. The majority of founders give up. But the best founders don’t give up.
When I started Facebook from my dorm room in 2004, the idea that my roommates and I talked about all the time was a world that was more open.
I literally coded Facebook in my dorm room and launched it from my dorm room. I rented a server for $85 a month, and I funded it by putting an ad on the side, and we’ve funded ever since by putting ads on the side.
I remember flying in, driving down 101 in a cab, and passing by all these tech companies like Yahoo! I remember thinking, ‘Maybe someday we’ll build a company. This probably isn’t it, but one day we will.’
Our mission is to connect every person in the world. You don’t do that by having a service people pay for.
Building a mission and building a business go hand in hand. The primary thing that excites me is the mission. But we have always had a healthy understanding that we need to do both.
In terms of doing work and in terms of learning and evolving as a person, you just grow more when you get more people’s perspectives… I really try and live the mission of the company and… keep everything else in my life extremely simple.
We are a mission-driven company. In order to do this, we have to build a great team. And in order to do that, you need people to know they can make a bunch of money. So we need a business model to make a lot of money.
Our philosophy is that we care about people first.
The thing that’s been really surprising about the evolution of Facebook is – I think then, and I think now – that if we didn’t do this, someone else would have done it.
The real story of Facebook is just that we’ve worked so hard for all this time. I mean, the real story is actually probably pretty boring, right? I mean, we just sat at our computers for six years and coded.
It’s, like, even in journeys like Facebook, we’ve had some very serious ups and downs.
What really motivates people at Facebook is building stuff that they’re proud of.
Once you have a product that you are happy with, you the need to centralize things to continue growth.
My goal was never to just create a company. A lot of people misinterpret that, as if I don’t care about revenue or profit or any of those things. But what not being just a company means to me is not being just that – building something that actually makes a really big change in the world.
What really motivates people at Facebook is building something that’s worthwhile, that they’re going to be proud to show to friends and family.
People don’t care about what someone says about you in a movie – or even what you say, right? They care about what you build. And if you can make something that makes people’s life better, then that’s something that’s really good.
When Facebook was getting started, nothing used real identity – everything was anonymous or pseudonymous – and I thought that real identity should play a bigger part than it did.
It wasn’t until we got our first office in Palo Alto where things became more like a company. We never went into this wanting to build a company.
About half my time is spent on business operation type stuff.
There are definitely elements of experience and stuff that someone who’s my age wouldn’t have. But there are also things that I can do that other people wouldn’t necessarily be able to.
I actually don’t read most of the coverage about Facebook. I try to learn from getting input from people who use our services directly more than from pundits.
I look at Google and think they have a strong academic culture. Elegant solutions to complex problems.
My friends are people who like building cool stuff. We always have this joke about people who want to just start companies without making something valuable. There’s a lot of that in Silicon Valley.
Really, who you are is defined by the people who you know – not even the people that you know, but the people you spend time with and the people that you love and the people that you work with. I guess we show your friends in your profile, but that’s kind of different from the information you put in your profile.
If you go through some big corporate change, it’s just not going to be the same. If we sold to Yahoo, they would have done something different; if you want to continue your vision of the company, then don’t sell because there’s inevitably going to be some change.
Unless you are breaking stuff, you are not moving fast enough.
The only meat I eat is from animals I’ve killed myself.
This is a perverse thing, personally, but I would rather be in the cycle where people are underestimating us. It gives us latitude to go out and make big bets that excite and amaze people.
It’s really easy to have a nice philosophy about openness, but moving the world in that direction is a different thing. It requires both understanding where you want to go and being pragmatic about getting there.
I will only hire someone to work directly for me if I would work for that person. It’s a pretty good test.
We’re running the company to serve more people.
Facebook is in a very different place than Apple, Google, Amazon, Samsung, and Microsoft. We are trying to build a community.
I think that people just have this core desire to express who they are. And I think that’s always existed.
I just want to make sure when I have kids, I can spend time with them. That’s the whole point.
There are people who are really good managers, people who can manage a big organization, and then there are people who are very analytic or focused on strategy. Those two types don’t usually tend to be in the same person. I would put myself much more in the latter camp.
There are different ways to do innovation. You can plant a lot of seeds, not be committed to any particular one of them, but just see what grows. And this really isn’t how we’ve approached this. We go mission-first, then focus on the pieces we need and go deep on them and be committed to them.
A frustration I have is that a lot of people increasingly seem to equate an advertising business model with somehow being out of alignment with your customers. I think it’s the most ridiculous concept.
There are good examples of companies – Coca-Cola is one – that invested before there was a huge market in countries, and I think that ended up playing out to their benefit for decades to come.
You get a reputation for stability if you are stable for years.
The companies that work are the ones that people really care about and have a vision for the world so do something you like.
Figuring out what the next big trend is tells us what we should focus on.
I think a simple rule of business is, if you do the things that are easier first, then you can actually make a lot of progress.