Friendly Faces
A Harvard student creates a new way for students to network and revolutionizes how this generation's classmates connect.
URL:
http://www.entrepreneur.com/magazine/entrepreneur/2006/june/159792.html
Vital Stats: Mark Zuckerberg, 21, of Facebook in Palo
Alto, California
Company: Social networking site for college and high
school students
Campus Communication: Programming since sixth grade,
Zuckerberg caused a sensation while he was a Harvard sophomore.
Always looking to ease the transfer of information between groups,
he created an online technology that allowed Harvard students to
post profiles, browse or search for fellow students, view uploaded
pictures, and share their affiliations and interests. Within two
weeks, two-thirds of Harvard students signed up. Three weeks after
the February 2004 launch, Zuckerberg opened it up to Columbia,
Stanford and Yale; now it's available to students (and some
alumni) at more than 2,100 colleges and universities
internationally and 22,000 U.S. high schools.
Higher Learning: His original intent was not to create a
business, but Zuckerberg's success prompted him to take an
indefinite leave from Harvard to focus on Facebook. He's still
learning plenty: "In the academic world, it was this
'question everything' mentality--never commit to anything
that you can't rigorously prove [is] correct," says
Zuckerberg. "In the business world, you have to believe in
what you're doing and stick to that. That's been an
interesting change."
Fulfilling Potential: With more than 7 million users,
two-thirds of whom log on daily, Facebook continues to grow with
the influx of new users and added features. Says Zuckerberg,
"Our vision is to increase information flow and help people
express themselves." The soaring popularity of Facebook seems
to have piqued the interest of potential buyers--its current
valuation is $2 billion. At press time, the company still remained
in the hands of Zuckerberg, who has found his entrepreneurial
experience "awesome."
"Most people have to work a lot of years to build something
cool," he says. "I'm in a different
position."
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