As I am sure most of you did, I came across the Mark Zuckerberg on 60 minutes interview yesterday on Techcrunch and watched with some admiration.
Sure Zuck is not the polished CEO of Goldman, nor does he have the experience of Buffet, but he at least deserves some respect, right? I mean the guy is 23 and is one of the founders of a company valued by Microsoft at $15 billion. Thats on par with Ford Motor Company. Simply incredible, in my opinion.
In this interview on 60 Minutes, he answers a couple of tough questions, one in particular regarding Beacon, Facebook’s latest monetization attempt. He states that this type of advertising, featuring one of your Facebook friends as the endorser of the product, is actually “less commercial” than a banner add from Bloomingdales. Some of the commentators on Techcrunch were less than understanding of big Zuck.
One of the contributers to the interview was a lady who is a columnist to a blog I refuse to link, but she called Mark a “toddler CEO.” I find this statement hilarious, arrogant, and right on! The fact that she had the audacity to call Mark Zuckerberg out, one of the most successful entrepreneurs of all time, is completely arrogant. She a columnist, he’s a billionaire… She’s going through menopause, he just went through puberty… Hmm, just a little arrogant? I think so.
With that being said, Mark does inherently lack experience being a CEO, did I mention he’s 23!!? I think it is perfectly understandable that he makes mistakes running a $15 Billion dollar company with 400 employees. While the “toddler CEO” statement is a little arrogant and derogatory, it does have some validity.
Mark has a lot to learn, but I think we (us non-CEO tycoons) have even more to learn from him! Even though Mr. Gates has valued the company at $15,000,000,000; the big Zuck has yet to develop an awesome monetization strategy while keeping all of his users happy.
One of the things Mark didn’t do, which surprised me, is sell Facebook to Yahoo! for $1 billion. The story goes that Mark actually initially accepted the offer from Yahoo! however, their CEO, reneged and offered only (haha) $800 million. Mark turned this offer down and then when Yahoo! came back a second time and returned to $1 billion, Zuckerberg convinced his board that it was a bad idea and Yahoo! was not serious about the acquisition, but rather more so in wasting their time.
If you haven’t checked out the interview make sure you do HERE!