FACEBOOK ENTREPRENEUR MARK ZUCKERBERG

CEO & President Facebook |

 A Project on Entrepreneur Mark Zuckerberg

Small and Medium Enterprise

Jointly Presented By :

Athar Mazhar Tauha Kazi Wahid Shaikh

Roll No.: 05 Roll No.: 16 Roll No.:37
Mark Zuckerberg

Mark Zuckerberg

Born : May 14, 1984 (age 26) White Plains, New York

Residence : Palo Alto, California

Nationality : American

Alma mater : Harvard College (dropped out in 2004)

Occupation : CEO/President of Facebook
(24% shareholder in 2010)

Years active : 2004–present

Known for : Co-founding Facebook; becoming world's youngest billionaire.

Mark Zuckerberg

Mark Zuckerberg

Home town : Dobbs Ferry, New York

Net worth : US$ 6.9 billion (2010)

Relatives : Randi Zuckerberg (sister)

Awards : Time Person of the Year 2010

Built a software program he called "ZuckNet,“

Earned his diploma in classical literature

Built a music player called the Synapse Media Player that used 
artificial intelligence to learn the user's listening habits
Mark Zuckerberg

Mark Zuckerberg

Microsoft and AOL tried to recruit Zuckerberg, but he chose instead to

enrol at Harvard College in September 2002.

Created a different program he initially called Facemash that let

students select the best looking person from a choice of photos.

Zuckerberg apologized publicly, the student paper ran articles stating

that his site was "completely improper.“

It was reported that Zuckerberg had arranged to donate $100 million

to Newark Public Schools

Facebook
Zuckerberg launched Facebook from his Harvard dormitory room on
February 4, 2004.
Mark Zuckerberg

Mark Zuckerberg

Facebook started off as just a "Harvard thing" until Zuckerberg

decided to spread it to other schools

Zuckerberg moved to Palo Alto California with Moskovitz and some

friends

turned down offers by major corporations to buy out Facebook

sought the advice of former Netscape CFO Peter Currie about

financing strategies for Facebook.

On July 21, 2010, Zuckerberg reported that the company reached the
500 million-user mark. 
Mark Zuckerberg

Mark Zuckerberg

History of Facebook

Facemash
In early 2003, Adam D'Angelo, then a CalTech student who had
been Mark Zuckerberg's best friend in high school, had developed
the experimental, rudimentary social networking website Buddy
Zoo, that was used by hundreds of thousands of people before
D'Angelo shut it down. That summer, Zuckerberg and friends who
were also computer science students worked coding for the
summer in Boston and discussed the implication of D'Angelo's
website's success with regard to the future of social networking on
the Internet.

wrote CourseMatch, a briefly popular site that helped Harvard

students figure out courses
Mark Zuckerberg

Mark Zuckerberg

Thefacebook
On February 4, 2004, Zuckerberg launched "Thefacebook", originally
located at thefacebook.com.

Dustin Moskovitz. "And, once they did that, several dozen people
joined

By the end of the night, we were...actively watching the registration

process

Within twenty-four hours, we had somewhere between twelve

hundred and fifteen hundred registrants."
Mark Zuckerberg

Mark Zuckerberg

Just six days after the site launched, three Harvard seniors, Cameron
Winklevoss, Tyler Winklevoss, and Divya Narendra, accused Zuckerberg
of intentionally misleading them into believing he would help them
build a social network called HarvardConnection.com

while he was instead using their ideas to build a competing product.

Membership was initially restricted to students of Harvard College, and

within the first month, more than half the undergraduate population at
Harvard was registered on the service.

 Facebook incorporated in the summer of 2004 and the

entrepreneur Sean Parker, who had been informally advising
Zuckerberg, became the company's president
Mark Zuckerberg

Mark Zuckerberg

Facebook
Facebook later expanded membership eligibility to employees of
several companies, including Apple Inc. and Microsoft

Facebook was then opened on September 26, 2006, to everyone of

ages 13 and older with a valid e-mail address

Facebook set up its international headquarters in Dublin Ireland.

In 2010 Facebook began to pro-actively involve its users in the running

of the website

created a new section know as Facebook Engineering Puzzles.

Mark Zuckerberg

Mark Zuckerberg

Financials
Facebook received its first investment of US$500,000 in June 2004
from PayPal co-founder Peter Thiel, in exchange for 7% of the
company

a year later by $12.7 million in venture capital from Accel Partners

and then $27.5 million more from Greylock Partners

A leaked cash flow statement showed a net loss of $3.63 million.

On March 28, 2006, BusinessWeek reported that a potential

acquisition of Facebook
Mark Zuckerberg

Mark Zuckerberg

Facebook reportedly declined an offer of $750 million from an unknown

bidder, the asking price rose as high as $2 billion.

In September 2006, serious talks between Facebook and Yahoo! took

place with prices reaching as high as $1 billion.

Thiel, a board member indicated Facebook's internal valuation around

$8 billion

On July 17, 2007, Zuckerberg said that selling Facebook was unlikely.

On October 24, 2007, Microsoft announced that it had purchased a

1.6% share of Facebook for $240 million, giving Facebook a total
implied value of around $15 billion
Mark Zuckerberg

Mark Zuckerberg

In November 2007, Hong Kong billionaire Li Ka-shing invested

$60 million in Facebook

In August 2008, BusinessWeek reported company's total valuation

at between $3.75 billion and $5 billion

In June 2010, an online marketplace for trading private company

stock reflected a valuation of $11.5 billion.

At the All Things Digital conference in June 2010 Zuckerberg said he

doesn't "think about going public ... much." He said he did not have
a date in mind for a potential IPO.
Mark Zuckerberg

Mark Zuckerberg

Facebook now worth $50 billion after Goldman Sachs deal

Conclusion
 Times person of the year 2010
At 26, Zuckerberg is a year older than the
first Person of the Year

He is the same age as Queen Elizabeth when

she was Person of the Year, for 1952
Person of the Year is not and never has been an
honour

It is a recognition of the power of individuals to

shape our world.

For creating a new system of exchanging

information that has become both
indispensable and sometimes a little
scary
For connecting more than half a billion people
and mapping the social relations among them
(something that has never been done before)

And finally, for changing how we all live our

lives in ways that are innovative and even
optimistic.
Mark Elliot Zuckerberg is
TIME's 2010 Person of the
Year.
Thank you for your
co-operation
FACEBOOK ENTREPRENEUR MARK ZUCKERBERG

CEO & President Facebook |