S.

Balaji (MZB of TSM)

Lessons Learned from Facebook Founder

Mark Zuckerberg

Mark Eliot Zuckerberg

Mark Elliot Zuckerberg Entrepreneur, Computer Programmer, Philanthropist Best known for: Web entrepreneur, Zuckerberg is the co-founder and CEO of the social networking site and one of the world's youngest billionaires.

Early Life
Early Life Born May 14, 1984 White Plains, NY Son of Edward & Karen Zuckerberg His father is a dentist and mother, a physician Grew up in Dobbs Ferry, NY, with his three sisters, Randi, Donna, and Arielle Graduated from Phillips Exeter Academy was raised Jewish and has described himself as an atheist. Early Life He created a messaging program he named "Zucknet". His father used the program in his dental office. He built a music player called the Synapse Media Player that used artificial intelligence to learn the user's listening habits, Microsoft & AOL tried to purchase Synapse & recruit Zuckerberg, but he chose instead to enroll at Harvard University in September 2002 .

Life At Harvard
Life in Harvard University He built a program called Course Match , which helped students choose their classes based on the course selections of other users and also to help them form study groups. He also invented Face mash , which compared the pictures of two students on campus and allowed users to vote on which one was more attractive. The program became wildly popular, but was later shut down by the school administration after it was deemed inappropriate.

Formation of Facebook
Formation of Facebook Mark launched Facebook from his dorm room on February 4th, 2004 Zuckerberg expanded the service quickly, offering it to all Ivy League schools by the end of the spring and more schools the following semester. The Wirehog site was created as a companion filesharing site for Facebook users, and by the end of 2004. Formation of Facebook Accel invested $12.7 million into Facebook which until then was only a college-only network. Soon after adding high schools and international schools, Facebook had more than 5.5 million users in December 2005. Facebook had more than 5.5 million users in December 2005. Zuckerberg turned down offers from companies such as Yahoo! and MTV Networks.

Formation of Facebook
Formation of Facebook In 2006, the creators of Harvard Connection claimed that Zuckerberg stole their idea, and insisted the software developer needed to pay for their business losses Although an initial settlement of $65 million was reached between the two parties, the legal dispute over the matter continued well into 2011, after Narendra and the Winklevosses claimed they were misled in regards to the value of their stock. Facebook , Inc. held an initial public offering on May 17, 2012, negotiating a share price of $38 apiece, valuing the company at $104 billion, the largest valuation to date for a newly public company.

After the IPO, Zuckerberg will retain a 22% ownership share in Facebook and will own 57% of the voting shares. The IPO raised $16 billion, making it the third largest in U.S. history.

Founders
Mark Zuckerberg Eduardo Saverin Andrew McCollum Dustin Moskovitz Chris Hughes

First Investor
Peter Thiel

MZB in Facebook
Mark Zuckerberg is the founder and CEO of Facebook, which he started in his college dorm room in 2004 with roomates Dustin Moskovitz and Chris Hughes. Zuckerberg is responsible for setting the overall direction and product strategy for the company. He leads the design of Facebooks service and development of its core technology and infrastructure.

Awards and Honors

Zuckerberg wins CEO of the year at the 6th Annual Crunchies Vanity Fair magazine named Zuckerberg number 1 on its 2010 list of the Top 100 "most influential people of the Information Age. Zuckerberg ranked number 23 on the Vanity Fair 100 list in 2009. In 2010, Zuckerberg was chosen as number 16 in New Statesman's annual survey of the world's 50 most influential figures.

In 2007, Zuckerberg was named to the MIT Technology Review TR35 as one of the top 35 innovators in the world under the age of 35.

 Time Person of the Year 2010 World's 2nd youngest self-made billionaire. Forbes Lists #24 Powerful People #20 Forbes 400 #66 Forbes Billionaires #25 in United States

How I am Telling these are all Qualities of MZB ??

Ambition : The foundation and building block of any successful person is Ambition, or the desire for personal achievement. When the Winklevoss twins first hired Mark to build their social networking site, Mark never revealed his ambitions to build his own site. It was only later far too late for the Winklevoss that Mark revealed his true ambition.

Vision : Facebook wasnt visionary in any revolutionary sense of the word. Where Facebook recognized the need for a real directory of people, not merely users. Execution : Stay Focused, keep Shipping, Mark Zuckerberg When you look back to Facebooks functionality when it launched, it was bare bones. Facebook has added features while scaling users, literally changing jet engines at 30,000 feet without missing a beat.

Determination: Determination, drive, persistence is the most important variable, demonstrated by Mark through his: relentless coding early on to launch Facebook to catch the Winklevoss brothers off guard; adding colleges; attacking MySpace; defending against the subsequent lawsuit from the twins; repeated encroaching into peoples privacy (which remains one of Marks Achilles heels). But, to his credit, he has repeatedly not cared or believed in himself enough to charge ahead no matter what.

Best Communication Qualities

!.in order to succeed, you need to have a go big or go home attitude 2.Dont let anyone tell the story of you 3.There is no Excuse for Non-commitment 4.Dont be fazed by the opinions of those around you 5.You are only as strong as the team around you 6.Be the CEO and make sure everyone around you knows it. 7.Leadership is the Quality that will bring the best out of the people around you 8.Do what youre passionate about

Some more skills

He stayed Focusing Listen to his Employees Believe in his product Hes Transparent about the companys Direction He has his Eye on the clock Form Invaluable Partnerships

MZB is Team Player

The organization culture created by Zuckerberg is relaxed, Unstructured and open. Employees can come and go as they please, with no standard work schedules, thus more employee freedom. Zuckerberg himself works among the employees in the open workspace The openness, according to zuckerberg, encourages collaboration, team-work, and an informal atmosphere and communication

Yes, Mark use his power to the people

Employees working to their suitability permits employees to self-determine their job satisfaction in the FB organization. Job satisfaction in the primary factor in intrinsic motivation. Productivity is a direct result of intrinsic motivation. Therefore due to the organizational culture established by zuckerberg, Facebook employees are satisfied with their jobs and as a result do their jobs well

People are learning how to use the site and what's OK to share. As time goes on, people will learn what's appropriate, what's safe for them and learn to share accordingly.

Thank You Very Much Balaji.S (MZB of TSM)