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Rapid Growth
Impact 3 6 rd % most popular domain on the internet of all US-based  internet traffic Every day, users spend 8 billion minutes on facebook
Valuation Over Time
All From This Guy???? Really?!
Telling a Good Story “A good business model answers Peter Drucker’s age-old questions: Who is the customer? And what does the customer value?” Joan Magretta (Why Business Models Matter) “I initially launched it at Harvard because I wanted the service.” Mark Zuckerberg
Some History Founded in 2004 Based around “Facemash” ,[object Object]
Over 50% of undergrads within 1 month
Other schools started asking for their own
Expanded to other Boston school and Ivies,[object Object]
Hacker Culture? No
Ahhh, Hacker Culture. Shared effort and knowledge  Make something bigger, better, and faster than an individual can do alone.  	"There's an intense focus on openness, sharing information, as both an ideal and a practical strategy to get things done."
More Culture 	Execution, Creativity, and Big Bets 2005: “Zuckcared less about incorporating Amazon’s culture” 2008: Fowarded around an article on Genentech’s hardworking but “meaning”-based culture
Hiring Strategy Wanted: Desire to build something cool Learn how to build great products, quickly Required: Raw talent (IQ, GPA, etc) Ability to finish something Technical ability CFO David Ebersman
The Danger With Talent Lots of talent leaves “Our goal isn’t necessarily to keep people forever.” Steve Chen (YouTube CTO) Dustin Moskovitz & Justin Rosenstein
Meritocracy See ya! 1     2     3     4     5 Umm, no. “There’s a clear path of bodies”
Some of the Bodies Others Platform director Ben Ling  Designer Katie Geminder Designer EstonBond Data guy Jeff Hammerbacher Marketing VP Matt Cohler Top engineer Justin Rosenstein Cofounder Chris Hughes COO Owen Van Natta President Sean Parker CFO Mike Sheridan VP of Product Doug Hirsch Cofounder Andrew McCollum Cofounder Eduardo Saverin Tricia Black (first VP of Sales) TS Ramakrishnan (VP of Eng) Nick Heyman (dir of Operations) Adam D’Angelo – CTO 4 years Gideon Yu – CFO 20 months
Change in Leadership Style Sheryl Sandberg - COO

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Facebook Rapid Growth

  • 1.
  • 3. Impact 3 6 rd % most popular domain on the internet of all US-based internet traffic Every day, users spend 8 billion minutes on facebook
  • 5. All From This Guy???? Really?!
  • 6. Telling a Good Story “A good business model answers Peter Drucker’s age-old questions: Who is the customer? And what does the customer value?” Joan Magretta (Why Business Models Matter) “I initially launched it at Harvard because I wanted the service.” Mark Zuckerberg
  • 7.
  • 8. Over 50% of undergrads within 1 month
  • 9. Other schools started asking for their own
  • 10.
  • 12. Ahhh, Hacker Culture. Shared effort and knowledge Make something bigger, better, and faster than an individual can do alone. "There's an intense focus on openness, sharing information, as both an ideal and a practical strategy to get things done."
  • 13. More Culture Execution, Creativity, and Big Bets 2005: “Zuckcared less about incorporating Amazon’s culture” 2008: Fowarded around an article on Genentech’s hardworking but “meaning”-based culture
  • 14. Hiring Strategy Wanted: Desire to build something cool Learn how to build great products, quickly Required: Raw talent (IQ, GPA, etc) Ability to finish something Technical ability CFO David Ebersman
  • 15. The Danger With Talent Lots of talent leaves “Our goal isn’t necessarily to keep people forever.” Steve Chen (YouTube CTO) Dustin Moskovitz & Justin Rosenstein
  • 16. Meritocracy See ya! 1 2 3 4 5 Umm, no. “There’s a clear path of bodies”
  • 17. Some of the Bodies Others Platform director Ben Ling Designer Katie Geminder Designer EstonBond Data guy Jeff Hammerbacher Marketing VP Matt Cohler Top engineer Justin Rosenstein Cofounder Chris Hughes COO Owen Van Natta President Sean Parker CFO Mike Sheridan VP of Product Doug Hirsch Cofounder Andrew McCollum Cofounder Eduardo Saverin Tricia Black (first VP of Sales) TS Ramakrishnan (VP of Eng) Nick Heyman (dir of Operations) Adam D’Angelo – CTO 4 years Gideon Yu – CFO 20 months
  • 18. Change in Leadership Style Sheryl Sandberg - COO
  • 19. Future Concerns The leadership side No succession plan Internal politics around Sandberg The money side Profitability IPO