Facebook First Year

Mark Zuckerberg, the Chief Executive Officer and founder of Facebook, did not set bent on build a company.

Facebook First Year



Facebook Started What Year


Today the social media platform has a market capitalization of greater than $500 billion and also greater than 2 billion monthly energetic customers, and also Zuckerberg deserves more than $70 billion, according to Forbes. However he was notoriously simply a college student at Harvard when he released "theFacebook" in 2004.

At the time, Zuckerberg claims he was simply resolving a problem he saw around him.

" Yeah, well, I never began this to construct a firm," states Zuckerberg, talking to Freakonomics Radio as part of its six-week series called "The Secret Life of Chief Executive Officers," which launched Thursday.

" Ten years ago, you understand, I was simply trying to aid link individuals at colleges and a few schools.

" That was a fundamental need, where I took a look around at the net and also there were services for a lot of things that you wanted," claims Zuckerberg, according to a transcript.

" You can find music; you might find news; you could find details, yet you couldn't discover and connect with the people that you cared about, which as individuals is actually the most important thing.

" To ensure that felt like a rather large opening that required to get filled."

Undoubtedly. As Well As the Silicon Valley social networks titan isn't alone in his technique.

Billionaire entrepreneur Richard Branson also claims the key to locating a good service idea is seeing what could be enhanced in your very own life.

" Entrepreneurship in its truest type has to do with recognizing a gap on the market as well as creating an item of use to load that hole and also make individuals's lives much better," creates Branson in an article published in January.

" Usually the best means to locate this space is to browse you-- are there solutions that could be enhanced or an item that could make something much easier?"

Starting with a small concept does not mean your company will be little, mentions Branson.

"My advice to aiming business owners thinking about starting their very own business is: begin little but constantly assume huge," claims Branson. "Modern technology also has actually allowed firms to think bigger than just offering to their regional area as well as places the globe at their fingertips," Branson claims.