The Inside of the "Facebook Mafia"
Post date: Feb 14, 2011 9:59:26 AM
keeping it “in the family"
A true “mafia” is a collection of co-founders
Quora, founded in June 2009, first launched in private beta in January 2010.
Quora is a continually improving collection of questions and answers created, edited, and organized by everyone who uses it. The most important thing is to have each… Learn More
Before we get to the specifics of the Facebook mafia, it bears noting that not all companies produce bona fide mafias. It’s more than just alums doing well. A true “mafia” is a collection of co-founders, early hires and top engineers who’ve been battle-tested together with an enthusiasm and financial resources to start many different ventures immediately. There’s also a communal sense of co-investing in and supporting one another, hence the idea of keeping it “in the family.”
Not for Sale by Owner
To a person, the early Facebook people I spoke with all mentioned Zuckerberg’s July 2006 rejection of Yahoo’s $1 billion purchase offer as a seminal moment that not only changed Facebook, but changed their thinking personally as entrepreneurs. In hindsight it looks like a no-brainer, but the outside world deemed Zuckerberg arrogant and delusional at the time. Inside Facebook, his decision caused a split within the company.
Dustin Moskovitz remembered several people saying to Zuckerberg at the time, “If you knew you didn’t want to sell, why did you take us so far down this path? Because that’s what was so painful, getting to the alter and then breaking up.” After that, Zuckerberg never went down the aisle again. And similarly, Moskovitz’s company Asana has refused to engage in conversations about a flip, and sources say Quora has the same philosophy.
Engineers Are Gods and Education Isn’t what Made Them that Way
source: techcrunch.com
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Can You Really Build A Great Tech Firm Outside Silicon Valley?
Comment:
Goldman Sachs and Facebook
Push the company over $ 1 billion.....
the old-boys-network takes over
Blankfein GS says in an Insider note...
if we can't get control over Facebook
we have the right to sell our shares..
What does this mean ?
The Face data of millions of people
in the hands of the old-boys-network
what do they intend one day to use
it for to cash in, just in case
Big brother, we sold our face...
Update: How to promote friends....
PayPal Founder: Facebook Could Become One of the More Valuable Companies in the World
Max Levchin — Google VP of engineering and founder of PayPal and Slide — argues that Facebook will become a serious contender to become one of the more valuable companies in the world if it can “successfully replace core messaging.”
Founded in February 2010, Jumo is a social network connecting individuals and organizations working for global change. Leveraging connection technologies, Jumo enables everyday people to find, follow and support those working toward solutions in… Learn More
Asana builds enterprise-level collaboration software, or a Collaborative Information Manager. It was founded by Dustin Moskovitz, a co-founder of Facebook, and…Learn More
That alone has turned Facebook into a $50 billion company
Unlike the White Pages though, Facebook also has information on a person’s interests, likes and social graph.
The PayPal co-founder says that he’s read that social graph signals have not been particularly effective in optimizing search-related advertising
PayPal founder Levchin
source: mashable.com
Comment : "Levin opinion wrong"
Facebook has information on a person's interests, likes and social graph.....should continue and sells it to the Advertising industry (without asking or paying the subscriber). Everybody got this trick now, look even old fashioned Yahoo mail is trying to convert to social site to sell private habits to Ads industry. The cake gets smaller, Facebook value $50bn is just a Goldman Sachs overtake the Bubble will blow up the next two years, GS don't mind what happens to the Founders, they don't need them anymore.
The real challenge to restart manufacturing again in Silicon Valley US, to replace Speculation by Manufacturing finance, America missed it, greatest failure ever to give way to China. All Apple secrets are
outside the US ....must backfire