Skip to main content

Zuckerberg spills beans on what the ideal elements of a startup should be, says mistakes are bound to happen


Mark Zuckerberg's Townhall also saw questions on the startup culture in India and what is takes to start a new venture and build a separate entity.

To this, Facebook founder said, "Building a company is a hard task but if you decide to start a company and begin hiring, you lose flexibility.

The idea is to first start building something that you really care about and once you are confident it can turn into something good, that's when you start hiring. That will allow you the flexibility to growth and build the way you want to."

Talking about elements of an ideal startup, he said, "You need to care. Focus on what you want to do and the impact of what you want to change." 

He also spoke about challenges and mistakes.

"No matter what you do, you will make mistakes. Even I made them. Mistakes in hiring, mistakes while setting up the company, the product, anything that can be done wrong, I have committed those mistakes. I was a college student and no one is born with those skills. You learn from mistakes, from trial and error. But if you do it together with your team, you get the power to wade through a lot mistakes. If you are building something that is valuable for people, they will forgive you for all the mistakes. Do as much good as you can," said Zuckerberg.

He said there will be many cultural biases and differences that any one individual will find almost impossible to deal with. However, if one faces these very challenges with partners that are building the company along with him, then the results are infinitely better.

"That is why you need co founders, partners to help you through. To help you run the business successfully. There is no way a person can face all these challenges, two-three partners and a good team can power you to overcome rough patches," said Zuckerberg.

Readers Choice

Lead Your Team Into a Post-Pandemic World

During the Covid-19 crisis, I’ve spoken with many CEOs who have shared that a key priority for them, naturally, has been the safety and well-being of their employees. And there are many examples of inspiring actions taken by CEOs and companies in support of their employees. But as we’ve come to recognize that this crisis will last more than a few short weeks, companies are now defining their approach for the long haul. I’ve seen two crucial ideas take hold with corporate leaders. One: Given the magnitude of the shock and the challenges that this crisis represents, companies must consider the full breadth of their employees’ needs as people. Safety is essential, of course, but it’s also important to address higher-level needs such as the want for truth, stability, authentic connections, self-esteem, growth, and meaning in the context of the crisis. Two: Many CEOs have begun thinking about this crisis in three phases. They may assign different names or specific lengths to t
Read more

List of Cloud Certifications

Cloud certifications and Cloud computing certifications are very young, but their value grows so fast. Managers and IT specialist want to extend their knowledge about neutral cloud topics, but also vendor-specific implementations. Few of them, like Arcitura Education with the CloudSchool program, CompTIA or EXIN created vendor neutral certifications. The biggest vendors like VMware, HP, EMC, Microsoft and IBM have in their portfolio also Cloud certifications, that help you prove your skills about products and technologies. On the horizon we can see other vendors like Huawei or Cisco with new certifications. Strong cloud skills are for sure a good trend for companies (on the management level) and also engineers or IT architects. List of Cloud Certifications 52 Certifications 13 Vendors Amazon AWS Amazon AWS has in the offer three certifications and works on new ones. At this moment you can pass exams on associate level for architects, developers and SysO
Read more

Twenty Smart Business Buzzwords

Some words may grate on your nerves, but business leaders are still using "disrupt," "synergy" and "ideate." You should too. Spend any amount of time in a corporate environment and you'll likely notice there are some words that seem to come up on a daily basis. Certain verbiage becomes part of the  corporate culture  and soon, you may feel as if you need to use it to fit in. While they can change from one day to the next, most corporate buzzwords have a positive meaning. They're used to boost morale and motivate everyone involved in the conversation. Here are 20 of the top business buzzwords that you should make an effort to work into your vocabulary. 1. Impact Impact is a powerful word that has become a favorite of business professionals.  Grammarians argue  that the word is being used improperly, urging you to use "affect" instead, but businesses love it. 2. Corporate Synergy Half of the people who use this term likely
Read more