Zuck: I Could Have Sold Facebook For $1 Billion At Age 22, So No, Revenues Are Not My Top Concern
Zuck: I Could Have Sold Facebook For $1 Billion At Age 22, So No, Revenues Are Not My Top Concern (May 28, 2010, 7:54 AM)
So we had this episode where Yahoo and Viacom and all these companies were trying to buy the company. And it was this really kind of crazy time. Because we started the company as a dorm room project. Actually we started it specifically not as a company, just a project. And we had this whole conversation about whether we wanted to turn it into a company or a partnership or what, and we ended up deciding a company was the best way to go because that's the best way you can attract really good people and incentivize them to build something great.
We reached a point where, you know, me and my friends, we were 22 years old, people were offering us a billion dollars or more for the company, and it's like--what do you do? Right? So we didn't want to sell the company. Obviously we didn't sell the company.
But it was this really pivotal point for us, because when you're 22 and have an opportunity to sell something for that much money, you kind of reach this point where, like, you're not making decisions to maximize the amount of money that you're making.
