Apart from the world’s well-known social media company Facebook founder Mark Zuckerberg, none of the founders of Tech companies has been able to become a good businessman. These Tech Founders had to either sell the company or resign from the post after opening the startup. But Mark Zuckerberg has been not only a good businessman but also his name has joined the world’s noblemen.
Mark Zuckerberg, who had founded Facebook 14 years ago, has never imagined that his startup would be popular in such a way that today about almost all people using Facebook. Apart from Mark Zuckerberg, many other Tech Founders have opened their startup, but they have not been proved to be the right professionals. Founder of Tesla Elon Musk, founder of Uber, Travis Kalanick and even Indian founder of Flipkart Sachin and Binny Bansal had to resign after the company was in a good position. After all, Mark Zuckerberg’s vision and business mind are due to which the company is getting a new dimension of day-to-day success.
The vision of Mark Zuckerberg
Mark Zuckerberg maintained its product in the market by continuously making changes on Facebook and Instagram. Today Facebook’s market capitalization is 400 billion US dollars. The biggest reason for this is Mark Zuckerberg’s vision for his product. Facebook started with an ordinary idea. The main reason for this is that it is straightforward to use and excellent user interface. This is the reason that there are several users of his products.
Acquisition of companies creating a challenge
Facebook’s Whatsapp and the Instagram acquisition was a masterstroke of Mark Zuckerberg. In the coming days, Mark Zuckerberg will continue to acquire the challenge companies and applications for such Facebook, which will keep it in the market. The same vision of Mark Zuckerberg has been working for him so far. Considering the popularity of Whatsapp and Instagram, the company acquired it. The advantage of this is that there was no hindrance in the expansion of Facebook.
Apart from this, the share of the company is divided. Mark Zuckerberg created a two-pronged stock policy just like Google. The first level is for ordinary people or users, while the second level is for employees working on Facebook. Apart from Facebook employees, if another person buys a stock, then he does not have voting rights.
Founder or CEO of any company can be removed only due to voting rights. At this time, Mark Zuckerberg has 60 per cent voting rights for the company, which has kept a security circle for the company and Mark Zuckerberg.
Mark Jaggerberg has the post of CEO of the company since the beginning and will always be there. Zuckerberg hired Google’s employee Sheryl Sandberg to run the company and hired COO (Chief Operating Officer) in 2007. Sheryl Sandberg has been the Chief Operating Officer of the company since then.
I hope you like our article on Why All Tech Founders Fail, Except Mark Zuckerberg.