Do you have what it takes to be the next Mark Zuckerberg (Owner of Facebook)? If you decide to drop-out from college and start your own company, do you think you will rake in $100 million in revenue in as short as three years? This is a very impressive accomplishment that few, if any have ever accomplished.
To answer that question, letâ€™s examine the performance credentials of Mark Zuckerberg and see if you have what it takes?
â€¢ Already a creative inventor in early life, Zuckerberg created Synapse, a music recommendation system, and Wirehog, a peer-to-peer client. He later abandoned both projects to pursue new ventures.
â€¢ At 24 years old, Zuckerberg is worth $1.5 billion. Forbes.com proclaimed him as the worldâ€™s youngest billionaire, occupying the 785th slot in 2008.
â€¢ Unlike other young billionaires below 30 who became rich for inheriting old money from their family heirloom, Mark is a self-made billionaire.
â€¢ His fortune came from creating the globally popular and hugely profitable social-networking site called Facebook in February 4, 2004. He was 20 at that time and was taking up computer science at Harvard University. Along with his colleagues, he found the said networking site for college students, with the aim of using it as a social network tool to communicate with friends and other contacts. The site became an instant hit for the university amassing registered members of two thirds of the schoolâ€™s student body within a couple of weeks.
â€¢ Three months before he launched Facebook, Zuckerberg created Facemash, a website similar to HOT or NOT. However, Harvard administration was not pleased with Zuckerbergâ€™s site, which compared studentsâ€™ dorm photos side-by-side, and subjected him to disciplinary action for it.
â€¢ In the spring of 2005, Zuckerberg quit school to put up his own company in Silicon Valley, Palo Alto, California.
â€¢ In September 2006, The New York Times and other news media reported that Yahoo had made a staggering $1 billion offer to purchase Facebook, but Zuckerberg and his partners declined. There was also an earlier rumor that Viacom offered $750 million to buy the site.
â€¢ Zuckerbergâ€™s reason for turning down the buyout offers was to stand firm to his vision of building a community with a lot of people communicating with one another.
â€¢ True to his vision, Facebookâ€™s registered users escalated to 19 million, which included employees of government agencies and Fortune 500 companies by 2007. With more than 9.5 million of its registered members visiting daily, the site was now considered sixth most-trafficked in the U.S. alone and was beginning to compete with Google and other tech companies in Silicon Valley for internet time. During this time, expectations were on that the site would heap up a hefty $100 million in profits. Projections were also cast that, by 2010, Facebook would be generating $969 million in revenue with 48 million users.
â€¢ Also in 2007, Zuckerberg bagged the Crunchie Award for â€˜Best Startup CEO.â€™
â€¢ In 2008, Time Magazine included Zuckerberg on their list for The World’s Most Influential People of 2008, falling under the Scientists & Thinkers category for his online global phenomenon, Facebook, and ranking 52 out of 101 people.
With all that said, do think you have what it takes to be a Mark Zuckerberg?
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