Mark Zuckerberg's wealth has recently reached $6.9 billion or £4.4 billion (that's his personal wealth folks) and ranks 35th among the richest people in America. Facebook was founded back in 2004 when Mark was still studying in Harvard. It all started out of fun to connect with fellow College students in Harvard, but eventually, like a virus the web app was distributed on different College Universities and eventually around the globe to make Facebook the social networking site phenomena as we know it today. Facebook enjoys a competitive advantage over other social media sites for its network effect.
Facebook wouldn't have been so successful without further financial assistance from a guy named Peter Andreas Thiel or Peter Thiel who was a venture capitalist. This is why I always talked about making connections. Peter Thiel owned 10.2% of the company initially which was worth $500, 000.
Why so much fuzz about this guy? Because like him, I am also a coder... A software developer, a programmer, whatever you want to call me. Like me, he can create web apps, video games and other computer programs. He was certainly a higher caliber coder than I am right now but while his technical prowess contributed to his success, there was something more into this guy that made him what he is today. Putting your ideas into actions. Because unless our ideas are experienced, they are mere speculations. Like many great inventors, Zuckerberg looked back and connected the dots, envisioned (to make the world more open and connected) and made his vision materialize. In one of his interviews, Mark Zuckerberg emphasized on making bold decisions, and leverage which is common to all great entrepreneurs. I want to look up to him, like many others I long to follow... Bill Gates, Steve Jobs, Larry Ellison, Michael Dell, etc. Someday, to be an technopreneur as they call it. From programmer to entrepreneur.
Mark Zuckerberg and the entire Facebook story will be portrayed by Jesse Eisenberg and other casts in the movie entitled The Social Network. You can visit Mark Zuckerberg's Blog at http://blog.facebook.com/ (well, he's one of the bloggers). If there are any fans out there and think that I am making mistakes with my facts, please drop a comment below and I'll be glad to correct them.
The Yakezie Challenge Continues! Here's to your weekend reading:
How To Start A Software Company And Exit At The Top: Interview With Michael Fountain, Co-Founder Of ModernBill
Money Magnet Tip: It's what you Save, not what you Earn that Matters
The Secret To Early Retirement
How To Budget Your Money Without Feeling Guilty