Crossroads

At the intersection of technology, finance and the Pacific Rim.

Friday, March 05, 2010

Mark Zuckerberg

The WSJ wrote a profile of Mark Zuckerberg, Founder and CEO of Facebook. Unfortunately I cannot link to it due to the WSJ's restrictive policies. The company has grown to in user base to 470MN worldwide and is rumored to generate revenue in the range of USD 700MN. Many people view the company as the next "Google" of Silicon Valley--a budding superpower of the internet. He is 25, a Harvard drop-out who first built the Company in his dorm room. He recently sold stock in the Company at a USD 10BN valuation and he owns 25% of the Company and controls the Board (very unusual in SV for a VC backed Company). An anecdote in the article helped me understand who he is. Quoting the article about a meeting he had with his employees:

Mr. Zuckerberg recounted the scene (in the movie of Troy) where a messenger tells Achilles how scared he would be to confront the giant Thessalonian, whom Achilles was preparing to battle. "That's why no one will remember your name!" Zuckerberg shouted. When potential hires ask why they should join Facebook, Mr Zuckerberg said, "Tell them: 'because people will remember your name'".

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