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Rapid Growth<br />
Impact<br />3<br />6<br />rd<br />%<br />most popular domain on the internet<br />of all US-based <br />internet traffic<b...
Valuation Over Time<br />
All From This Guy????<br />Really?!<br />
Telling a Good Story<br />“A good business model answers Peter Drucker’s age-old questions: Who is the customer? And what ...
Some History<br />Founded in 2004<br />Based around “Facemash”<br /><ul><li>1500 Harvard students registered in 24 hours
Over 50% of undergrads within 1 month
Other schools started asking for their own
Expanded to other Boston school and Ivies</li></li></ul><li>Lessons Learned<br />   “For the first two years, the only adv...
Hacker Culture?<br />No<br />
Ahhh, Hacker Culture.<br />Shared effort and knowledge <br />Make something bigger, better, and faster than an individual ...
More Culture<br />	Execution, Creativity, and Big Bets<br />2005: “Zuckcared less about incorporating Amazon’s culture”<br...
Hiring Strategy<br />Wanted:<br />Desire to build something cool<br />Learn how to build great products, quickly<br />Requ...
The Danger With Talent<br />Lots of talent leaves<br />“Our goal isn’t necessarily to keep people forever.”<br />Steve Che...
Meritocracy<br />See ya!<br />1     2     3     4     5<br />Umm, no.<br />“There’s a clear path of bodies”<br />
Some of the Bodies<br />Others<br />Platform director Ben Ling <br />Designer Katie Geminder<br />Designer EstonBond<br />...
Change in Leadership Style<br />Sheryl Sandberg - COO<br />
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Facebook Rapid Growth

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Facebook Rapid Growth

  1. 1.
  2. 2. Rapid Growth<br />
  3. 3. Impact<br />3<br />6<br />rd<br />%<br />most popular domain on the internet<br />of all US-based <br />internet traffic<br />Every day, users spend<br />8 billion<br />minutes on facebook<br />
  4. 4. Valuation Over Time<br />
  5. 5. All From This Guy????<br />Really?!<br />
  6. 6. Telling a Good Story<br />“A good business model answers Peter Drucker’s age-old questions: Who is the customer? And what does the customer value?”<br />Joan Magretta (Why Business Models Matter)<br />“I initially launched it at Harvard because I wanted the service.”<br />Mark Zuckerberg<br />
  7. 7. Some History<br />Founded in 2004<br />Based around “Facemash”<br /><ul><li>1500 Harvard students registered in 24 hours
  8. 8. Over 50% of undergrads within 1 month
  9. 9. Other schools started asking for their own
  10. 10. Expanded to other Boston school and Ivies</li></li></ul><li>Lessons Learned<br /> “For the first two years, the only advice he gave me was don’t mess it up. The<br /> motto is build something that people want. We were never that great at building a company.Now we’ve built this sort of hacker culture.”<br />
  11. 11. Hacker Culture?<br />No<br />
  12. 12. Ahhh, Hacker Culture.<br />Shared effort and knowledge <br />Make something bigger, better, and faster than an individual can do alone. <br /> "There's an intense focus on openness, sharing information, as both an ideal and a practical strategy to get things done."<br />
  13. 13. More Culture<br /> Execution, Creativity, and Big Bets<br />2005: “Zuckcared less about incorporating Amazon’s culture”<br />2008: Fowarded around an article on Genentech’s hardworking but “meaning”-based culture<br />
  14. 14. Hiring Strategy<br />Wanted:<br />Desire to build something cool<br />Learn how to build great products, quickly<br />Required:<br />Raw talent (IQ, GPA, etc)<br />Ability to finish something<br />Technical ability<br />CFO David Ebersman<br />
  15. 15. The Danger With Talent<br />Lots of talent leaves<br />“Our goal isn’t necessarily to keep people forever.”<br />Steve Chen (YouTube CTO)<br />Dustin Moskovitz & Justin Rosenstein<br />
  16. 16. Meritocracy<br />See ya!<br />1 2 3 4 5<br />Umm, no.<br />“There’s a clear path of bodies”<br />
  17. 17. Some of the Bodies<br />Others<br />Platform director Ben Ling <br />Designer Katie Geminder<br />Designer EstonBond<br />Data guy Jeff Hammerbacher<br />Marketing VP Matt Cohler<br />Top engineer Justin Rosenstein<br />Cofounder Chris Hughes<br />COO Owen Van Natta<br />President Sean Parker<br />CFO Mike Sheridan<br />VP of Product Doug Hirsch<br />Cofounder Andrew McCollum<br />Cofounder Eduardo Saverin<br />Tricia Black (first VP of Sales)<br />TS Ramakrishnan (VP of Eng)<br />Nick Heyman (dir of Operations)<br />Adam D’Angelo – CTO<br />4 years<br />Gideon Yu – CFO<br />20 months<br />
  18. 18. Change in Leadership Style<br />Sheryl Sandberg - COO<br />
  19. 19. Future Concerns<br />The leadership side<br />No succession plan<br />Internal politics around Sandberg<br />The money side<br />Profitability<br />IPO<br />
  20. 20. Questions?<br />

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