Saturday, November 27, 2010
the Facebook Effect part 2
In these chapters, Zuckerberg shows profound skills in leadership as he deals with multi-billion investors. Zuckerberg befriends Sean Parker, who worked for Napster and Plaxo, and the dynamic duo worked together to further expand thefacebook. Many investors were interested in thefacebook's growth in popularity as the ultimate social network website. Companies like the Post and Accel were willing to cooperate with thefacebook. Out of many investors, Donald Graham at the Post was one of the candidates that both Zuckerberg and Parker were interested in working with. However, Kevin Efrusy of Accel put in a lot of work into convincing Zuckerberg and Parker to take his deal. Although the duo was more interested in Graham's offer by the Post, Efrusy was not hesitant to give up. As Parker kept on turning down Accel's numerous offers, Accel finally made an offer that thefacebook could not refuse. When Zuckerberg finally made his choice to be partners with Accel, Accel brought in a few minor changes to the company by bringing Breyer to join the board at thefacebook. The growth of the company was expanding at a tremendous rate which only meant that thefacebook needed better equipment and a larger staff. The only problem to this was that many people were not willing to work for twenty-something year old college drop outs. Further, Sean Parker's shady reputation of drug use was another factor that made thefacebook hard to hire employees. Although Zuckerberg showed tremendous amount of loyalty to his friend and his partner, "Breyer thought Parker was a liability for the company well beyond his actions in North Carolina, whatever they might have been" (Kirkpatrick 147). The end result of this dispute left Zuckerberg with the total control of three board seats when Parker gave Zuckerberg his board seat after he stepped down from his position as president of Facebook.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment