The Facebook Way

Much is being written about Facebook these days, as the company moves toward it’s long awaited IPO. Earlier this year, co-founder and CEO Mark Zuckerberg held a global all-employee meeting. Everyone thought he was going to announce the IPO, but instead (according to an article in the March 19th issue of Fortune) he used that time to talk about the company’s mission and priorities. He recognized that the eight year old startup company with phenomenal growth and value was about to undergo a transformation that could potentially ruin the culture that had made it so successful. He admonished employees to maintain their focus on the characteristics that fostered the “hacker way”, building through continuous improvement; the mottos on the wall like “Done is better than perfect”; the orientation to constantly improving customer interface that brought over 800 million people in the world to open up a Facebook account. He recognized that the IPO would subject the company to more outside scrutiny and investor demands; and that more importantly, many of the employees themselves as newly minted millionaires might lose their edge. They might lose the driving desire to create something new and innovative.They might decide to pass on the quarterly all night hacking sessions where employees work on something other than their day-to-day job; trying out ideas and thinking up new products.

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Mission or Money

While those of us on the outside may think of Facebook as existing to make a profit, Zuckerberg has a broader more impactful vision. In his words, they don’t build services to make money, they make money to build better services.That ethos will be tested now among  their 3,000+ employees. His goal has been to open up more connections across the globe. He uses the internet and technology to help people establish relationships, share information, and make their voices heard more quickly and personally than ever before possible. (more…)