Sunday, November 28, 2010

The Facebook Effect Analysis Pages 107-214

Thefacebook was expanding at an extraordinary rate. Zuckerberg befriended Sean Parker and the two of them began to create this internet sensation into a thriving business. They began talking to many companies all interested in investing in Thefacebook. Parker was the main negotiator and he put in a hard bargain. Parker and Zuckerberg were very interested in working with the Post and Zuckerberg developed a great admiration its CEO Donald Graham. The Post offered a very large investment in the company, but there was many other competitors. One in particular were the partners at Accel. Kevin Efrusy was a venture capitalist in training and he was directed by Jim Breyer, a partner at Accel, to find an up and coming social networking website in which they could invest. Efrusy put a tremendous amount of work into convincing Zuckerberg and Parker to take his deal. At this time they were much more interested in the offer by the Post, but Efrusy did not give up. He did whatever he could to help convince the two to take his offer. As Parker continually turned down Accel, the offers kept coming, each one considerably higher. Finally, Accel came down to an offer that Thefacebook could not refuse. Parker and Zuckerberg were extremely happy with the offer, but Mark was worried about his moral agreement with Graham. With Graham's blessing Zuckerberg decided to go with Accel as long as they agreed to a few minor changes. They wanted Breyer to join the board at Thefacebook and although Efrusy was somewhat offended since he did all the work, he understood. Accel and Thefacebook came to a final agreement and the company was able to expand with all the money Accel had invested. 
Now Thefacebook was in need of better equipment and a larger staff. They invested millions of dollars in servers to make the network run smoother and they needed to find engineers and other workers. Initially they had a very difficult time finding employees. Not many people were willing to work for a company that was run by a bunch of twenty-something year olds and especially with Sean Parker's reputation many people were hesitant. They even tried to convince people to drop out of school to come work for Thefacebook full time. Finally they found people interested in working with the popular and extremely successful company and the eventually had to move from their original location into a bigger space. 
Now they paid specific attention to the features of Thefacebook. They wanted to make it easy to upload new photos and share them with the rest of your social network. Finally they created a platform that was suitable for what they wanted it to do. Photo sharing was a major feature of Thefacebook website. Zuckerberg continually came up with new ideas that he wanted to add to the website and he wrote them all down in a small notebook. He wanted to create a Newsfeed and allow others to add applications to the site for others to use. The employees at Thefacebook were always adding new features and options to the site. They changed the website depending on the new trends of the world in order for it to not become obsolete. Thefacebook showed no signs of slowing down. 
It is incredible that in a few short years the company had expanded into a multi-million dollar enterprise. It  shows how anything is possible if a twenty year old drop-out can create such a successful business. None of this success came to them without a considerable amount of work. They were responsible in their work ethic and every moment was put to creating a better social network and business. Facebook continues to grow and as society changes so do the features of the website. Today, Facebook is just as popular as it was when it first started out and it shows no signs of becoming obsolete any time soon.  

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