You Do Not Want To Be the Next Mark Zuckerberg! : Under30CEO You Do Not Want To Be the Next Mark Zuckerberg! : Under30CEO
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You Do Not Want To Be the Next Mark Zuckerberg!

| October 10, 2010 | 5 Comments

A recent article on BNET by author Donna Fenn talks about why you do not want to be the next Mark Zuckerberg. This is contrary to what most young people out seeing The Social Network are thinking. If given the chance just about any high school or college kid would jump at the proposition to follow in Zuckerberg’s footsteps with their company.  As Donna shows the movie and the reality between startup companies and how young people are building companies today are vastly different.

There is nothing wrong with Mark Zuckerberg. He has built one of the most influential companies of our time and did the things he needed to do to get there. However Donna brings up 4 key points that makes most young startups different from how Facebook was built.

  • Partnerships are common and effective: “Approximately 60% of the young entrepreneurs I interviewed for Upstarts! had started companies with one or more partners.”
  • Everyone is not a geek: “Yes, new technology-related companies get a lot of press. But don’t be fooled. There are plenty of successful young entrepreneurs operating largely under the radar in just about every industry imaginable.”
  • Bootstrapping rules: “A painfully small percentage of start-up companies attract venture capital and that’s not necessarily a bad thing at all.  There’s a lot to be said for bootstrapping.”
  • Collaboration trumps competition: “Idea theft and power machinations keep us on the edge of our seats in The Social Network.  In the real world, they also lead to a toxic corporate culture and severe sleep deprivation. Maybe that’s why most of the young entrepreneurs I speak to are far more interested in collaborating than competing.”

Remember that the way Zuckerberg built Facebook is not how most people are doing it. Odds are that if you try to follow in his footsteps you’re actaully hurting the development of your business. The Zuckerberg stories are 1 in a billion and if you follow some of the points Donna brings up above you will have better luck with your startup.

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About the Author: Jared O'Toole

Co-founder and editor of Under30Media. You can send an email to Jared(at)Under30CEO.com. Follow him on Google+ or @JaredOToole

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Category: Startup Advice

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  • http://www.facebook.com/MorganBarnhart Morgan Barnhart

    Interesting take on it. I really love the ‘collaboration instead of competition’ part. Collaborating with other influential people will definitely help your business instead of hurt it. Great article!

  • http://www.ryanhanley.com/about Ryan Hanley

    I am going to agree with Morgan that the idea of “Collaboration instead of Competition” is probably the most powerful. At least when it comes to the workings inside a business. Competition within an industry I think is important because it leads to innovation!

    Very good article!

    Ryan H., http://www.RyanHanley.com

  • http://twitter.com/ZackShapiro Zack Shapiro

    You’re right. I don’t want to be a data-mining ass. I think I’ll be a good guy and make good things happen at the same time.

    Read more about what I’m doing: http://thestartupstudent.com

  • http://greenmonster.in Anjali Kapur

    liked that thing “partnership” .. tru that nobody can do king size like Mark without team spirit or without partnership ..

    it motivates and makes the person more responsible for the business ..