Facebook just became the fastest business to hit a $1 trillion valuation.
17 years and 3 billion users later...
Here are 9 memorable moments 🧵
17 years and 3 billion users later...
Here are 9 memorable moments 🧵
The Winklevii
In 2003, Cameron and Tyler Winklevoss pitch Zuck on a Harvard social network called ConnectU.
50 emails later, they didn't realize Zuck was secretly working on a different project.
Mark registers TheFacebook..com on January 11, 2004
In 2003, Cameron and Tyler Winklevoss pitch Zuck on a Harvard social network called ConnectU.
50 emails later, they didn't realize Zuck was secretly working on a different project.
Mark registers TheFacebook..com on January 11, 2004
In 2006, everyone told Zuckerberg to sell.
Yahoo was offering $1B.
He was 22 and stood to make $300M.
Despite the pressure, he refused and raised at a $15 billion valuation the next year.
Zuck was right.
Yahoo was offering $1B.
He was 22 and stood to make $300M.
Despite the pressure, he refused and raised at a $15 billion valuation the next year.
Zuck was right.
In September 2006, Facebook releases the News Feed.
It officially put the social in social network.
It officially put the social in social network.
Hiring Sheryl
"I never hire someone unless I'd work for them in an alternate universe."
-Zuckerberg
Zuck hires Sheryl Sandberg as the Chief Operating Officer in March 2008.
Pre-hire revenue: -$56 million
Today: $28 billion
"I never hire someone unless I'd work for them in an alternate universe."
-Zuckerberg
Zuck hires Sheryl Sandberg as the Chief Operating Officer in March 2008.
Pre-hire revenue: -$56 million
Today: $28 billion
The 2008 financial crisis hurt Facebook.
So Zuck started 2009 with a New Years resolution:
Wear a tie to work every single day for 12 months.
Symbolizing a serious year for Facebook.
He didn't miss a day.
So Zuck started 2009 with a New Years resolution:
Wear a tie to work every single day for 12 months.
Symbolizing a serious year for Facebook.
He didn't miss a day.
The Social Network
The 2010 movie that took Zuck and Facebook mainstream.
Zuckerberg feared the movie would make him look bad.
Spoiler Alert: It does
But he didn't hide.
He bought out the Shoreline cinema and bussed over all the employees to watch the premier.
The 2010 movie that took Zuck and Facebook mainstream.
Zuckerberg feared the movie would make him look bad.
Spoiler Alert: It does
But he didn't hide.
He bought out the Shoreline cinema and bussed over all the employees to watch the premier.
In 2012, Facebook hit 1 Billion users.
How?
Avoid seeking virality.
Focus on solving 3 problems:
• How to get people on the front door?
• How to get them to an “Aha” moment ASAP?
• How to deliver core product value as often as possible?
h/t @chamath
How?
Avoid seeking virality.
Focus on solving 3 problems:
• How to get people on the front door?
• How to get them to an “Aha” moment ASAP?
• How to deliver core product value as often as possible?
h/t @chamath
The Michael Jordan of Acquisitions: Instagram
Zuck paid $1 billion in 2012.
Today, Instagram would be worth about $153 billion.
Zuck paid $1 billion in 2012.
Today, Instagram would be worth about $153 billion.
"Get Together?"
Zuck's cold email to WhatsApp founder Jan Koum.
In 2013, WhatsApp was adding 1 million new users PER DAY.
In 2014, Facebook bought WhatsApp for $19.3 billion.
Zuck's cold email to WhatsApp founder Jan Koum.
In 2013, WhatsApp was adding 1 million new users PER DAY.
In 2014, Facebook bought WhatsApp for $19.3 billion.
Bonus: Instagram Founder Kevin Systrom and Zuck
"Looking fwd to hanging."
"Looking fwd to hanging."
Retweet the 1st tweet to share some trillion dollar moments:
https://twitter.com/chrishlad/status/1410247457401888775?s=20
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