Wednesday, March 11, 2015

ENTREPRENEUR SPECIAL ...................How Mark Zuckerberg Became an Icon: 5 Key Lessons

How Mark Zuckerberg Became an Icon: 5 Key Lessons


Facebook's founder has already attained status as one of the entrepreneurial greats. Here are some of the moments that were key to his path.



Though the world has witnessed Facebook CEO Mark Zuckerberg undergo some striking changes over the past 10 years, some fundamentals--like his wardrobe, for instance--have remained largely unchanged since he started a college social network in 2004. Another thing that has stayed the same? His mission to connect everyone in the world through his website. "It's a utility to increase information flows, where you can express yourself and meet the people around you,"Zuckerberg told Inc. in 2006, the year he made our 30 Under 30 List. What has changed is how Zuckerberg has gone about accomplishing that mission. Time and experience have equipped him with the skills of an increasingly adept leader--one who's collected under pressure and unrelenting in his vision. Take a look at the timeline below to see how far this icon has come from his Cambridge dorm room. 

Embrace the Hacker Way

Harvard University sophomore Mark Zuckerberg hacks together facemash.com, a website that lets students rate their classmates' attractiveness. Harvard nearly kicks him out. Zuckerberg takes the site down, but he's now fascinated with social connections and the viral web. Three months later, he releases a new project called thefacebook.com.

Learn From the Best

Zuckerberg rents a place in Palo Alto, originally planning to live there for just a summer. He would later say that if he could do it over, he would have stayed in Boston. But, Zuckerberg added, the startup world was foreign, and he had much to learn from Silicon Valley.

Don't Compromise on Your Vision

In likely the most important moment in Facebook's history, Zuckerberg, turns down Yahoo's $1 billion acquisition offer. Facebook is two years old and has 9 million users. The 22 year-old shows he's not in it for the money and isn't willing to let someone else dictate the direction of his company.

Pay It Forward

Zuckerberg and his wife Priscilla Chan become America's biggest philanthropists, donating more than $970 million worth of Facebook stock. At 29, Zuckerberg is one of the world's youngest billionaires and he has demonstrated a commitment to philanthropy long before fellow donors like Bill Gates and Steve Jobs did in their lives.
Find People Smarter Than You
After years of hearing criticism about Facebook's lack of a mobile strategy, Zuckerberg closes a deal to buy mobile messaging service WhatsApp for $19 billion. Zuckerberg defends the jaw-dropping figure, saying that the startup acquired 450 million users faster than any other company in history.
BY LAURA MONTINI

http://www.inc.com/laura-montini/icons-how-mark-zuckerberg-and-his-social-network-outgrew-harvard.html?cid=em01016week10a

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