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Monday, January 14, 2008

Personal Finance QuickTake: Facebook

60 Minutes just ran a really interesting piece on Mark Zuckerberg, the founder and Head of Facebook. What I really liked about the piece is how someone at 23 is changing an Internet model thought cast in stone a year ago.

Over 2 million people sign-up each week, and the main selling point for me is the ability to really custimize your pages with widgets that you can even develop and sell. Sure Beacon was a PR nightmare, but they seem to have a better handle on there clients want compared to mySpace.

I like seeing stories of companies that are just taking off as well. I remember reading about this small search company that was fighting an uphill battle against the jugernaught of Yahoo... you now know it as Google.

I lie business biographies and the "Pirates of Silicon Valley" is a favorite. It would have been great to see more of the early Microsoft and Apple days. Great lessons to be learned from all of these founders:

  • Follow your dream
  • Don't take no for an answer
  • Work harder than all the others

Is Facebook really worth $15 Billion, I don't think so, but rest assured someone is going to buy them, and they will have to pay a King's Ransom.


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