Facebook: More than half billion users in a very few years. Users scale .. Number of users/day No other Valley company has reached so many people around the world so quickly.
Co-founders: When they leave facebook , build another big companies.
A high profile alumni responsible for building companies like Quora, Cloudera, Jumo, Asana and Path.
Co-founders like mafia.
A true “mafia” is a collection of co-founders, early hires and top engineers who’ve been battle-tested together with an enthusiasm and financial resources to start many different ventures immediately.
App companies vs Saas
I’ve been waiting for this “new generation” of enterprise software companies everyone keeps talking about and mostly feel like the open source and software as a service generations were a let down. These companies changed the way software was priced, delivered and implemented, disrupting old giants, and that’s no small feat.
There’s also a communal sense of co-investing in and supporting one another, hence the idea of keeping it “in the family.”
Startups mafia, “You had a lot of smart, competitive people who all needed something to do.”
It was hard for anyone who was a part of it to go back to a regular day job.
And, like most mafias, they do things collectively.
Find an industry conference and you’ll find these guys clustered at a back table joking about the good-old-days. Mafias aren’t just about people who had a certain company on their resumes starting something new– there’s the cultural aspect of doing it together that makes them unique.
Why one of the co-founders left facebook: He wants to solve the problem in a different way, and not concentrating only in polishing a product.
There’s that Facebook-like obsession with efficiency, organizing inherently messy, social things with newsfeeds, updates and clean design. Pragmatism and data-driven decision making rule the company.
They hope people won’t just use Asana for work, but for things like wedding planning.
says he’s still working for Facebook, because he’s still trying to solve the problem he was trying to solve there.
Asana wants people to live in this app throughout their work day.
Obsessed with speed
sees its eventual customer base as, well, everyone
What’s the problem the App trying to solve ?
Can you make them live in the App ? Not spending an hour or two.
Core characteristics of facebook’s co-founders :
1- Believe in the future of the problem and the way they sole it. So they refuse bilions of dollars to purchase the company.
2- Programmers are the heart of the company. Give top programmers whatever they want.
3- Living in the app. The hallmarks of each of these products are around efficiency, not sprawling messy communities.
The emphasis is on engaging with the app seamlessly throughout a day, not spending hours in it at a time.
The emphasis again, is on living in the app, engaging with it throughout the day, not spending an hour doing things inside of it. It’s that difference between being a “utility” and a “media” property.
4- Controlled Pacing, Not Cheap Viral Hacks.
Don’t be hurry. Scale slowly and win users to stay not to come and leave.
5- Solve big problems others failed to solve it properly.
Each of these companies has a big sense of mission. None of them started from building a cool app or site for the founder and his friends, they all started to solve a big problem. And what’s more: That problem isn’t typically a new problem.
The core problems still exist despite billions invested in solving them, particularly in the case of Quora, Asana, and Chris Hughes’ Jumo, an ambitious play to organize the messy world of nonprofits. We can all see the pitfalls these companies will face, because we’ve seen companies fall into them before. But call it arrogance, confidence, delusion or some insight we just don’t understand from the outside, these founders all think they have a key to solving it.
The biggest reason people wouldn’t fund it in the early days was because of the great flame out of Friendster. Then, when MySpace took off, no one thought Facebook had a chance of catching them. Those naysayers were all wrong.
They are all likely problems that have no one solution, but a long road of getting closer.