In this success story, we are going to share Mark Zuckerberg biography, the youngest billionaire on the planet who created the Facebook social network that now has 1 billion monthly active users.
Thanks to Facebook people around the world can easily keep in touch with all their friends. Not long ago, society just did not have such opportunity, but now everything has changed. However, Facebook is not limited only to communication and acquaintances. There are numerous interest groups and fan pages that help to rally the people together. This is not counting the fact Facebook is also a huge database of profiles, exceeding the most popular dating sites and chances to find your second half are impressive.
Mark Zuckerberg Childhood Biography
Mark Elliot Zuckerberg was born on May 14, 1984, and grew up in the suburbs of New York, Dobbs Ferry. He was the second of four children and the only son in the educated family. Mark’s father, Edward Zuckerberg, is a dentist and mother, Karen Zuckerberg, is a psychiatrist. His father owned a dental practice next to the family house. Mark and his three sisters, Arielle, Randi, and Donna, were raised in Dobbs Ferry, New York.
Mark Zuckerberg Childhood
Mark got interested in programming yet in elementary school. The fact that the world is divided between programmers and users, Mark found out when he was 10 years old and got his first PC Quantex 486DX on the Intel 486.
From Mark Zuckerberg biography we found out he was taught Atari BASIC Programming by his father, and when Mark was about 12, he used Atari BASIC to create a messenger, which he called “ZuckNet.” It made all the computers connected to each other and allowed to transfer messages between the house and dental office. His father installed the messenger on his computer in his dentist office, and the receptionist could inform him when a new patient arrived. Mark also enjoyed developing games and communication tools and as he said he was doing it just for fun. His father, Edward Zuckerberg, even hired a computer tutor David Newman, who gave his son some private lessons.
Also being at high school, Mark wrote an artificially intelligent media player Synapse for MP3-playlists that carefully studied the preferences of a user and was able to generate playlists ‘guessing,’ which tracks a user wanted to listen to. Microsoft and AOL got an unusual interest in Synapse media player and wanted to acquire it. However, the young talent rejected the offer of the IT-giants and then politely rejected their invitation to cooperate. Just like that, Mark Zuckerberg refused from dozens, maybe even hundreds of thousands of dollars, and work at one of the top IT-corporations.
Soon Mark Zuckerberg studied at the Academy of Phillips Exeter, an exclusive preparatory school in New Hampshire. He showed good results there in science and literature, receiving a degree in classics. He also showed a great talent in fencing and even became the school captain of the fencing team. Yet Mark Zuckerberg stayed fascinated by coding and wanted to work on the development of new software.
In 2002, after graduating Phillips Exeter, Zuckerberg entered Harvard University. By his second year in the Ivy League, he had gained a reputation as a software developer on campus. It was then when he wrote a program CourseMatch, which helped students choose their subjects on the basis of lists of courses from other users.
Mark Zuckerberg graduated Phillips Exeter Academy in 2002.
FaceMash – A Fun Site for Voting
In 2003, once summer evening when Mark Zuckerberg suffered from insomnia in the Harvard dormitory room, he got an idea to create a site called FaceMash. Mark decided to hack the database of Harvard, where the students uploaded their profile pictures. He quickly wrote a program that randomly selected two pictures of two random female students and put them next to each other, asking “Who is hotter?”, giving the option for voting.
The process was in full swing and site was visited by most of the students at Harvard. When the number of visitors exceeded the limit, the server crashed due to overload. Mark appeared before the committee on computer hacking. Of course, nobody told Mark Zuckerberg ‘Well done!’ and he received a disciplinary action, and had noticed that such kind of things cause stormy interest in society. By the way, Harvard has refused to comment on the incident up till now.
The Rising of Facebook
Divya Narendra, Co-founded HarvardConnection.
About ten months before the Zuckerberg’s FaceMash epic, one of the students of Harvard – Divya Narendra – had already spoken with the idea of creating a social network exclusively for Harvard students, many of whom were suffering from emotional stiffness. And not have ‘aliens’ engaged into the network, Narendra suggested using Harvard email address as the main username.
Divya Narendra’s partners were twins Tyler and Cameron Winklevoss. The father of the Winklevoss twins, Howard Winklevoss, is a successful financial consultant and put in his sons a lot of efforts and money – so the problem with the initial capital for the future network could be solved easily.
In conversation with Mark, Narendra said that the project would be called Harvard Connection (later renamed to ConnectU), and its members would post on the Internet their photos, personal information, and useful links. The tasks of Mark Zuckerberg included programming of the site and creating a special source code, which would allow the system to work as quickly as possible.
Tyler Winklevoss (left), Cameron Winklevoss (right). (© Stephen Lovekin)
After a private meeting with Narendra and the Winklevoss twins, Zuckerberg agreed to join in the work, but the potential of his new partners he estimated skeptically. While working on Harvard Connection, he got a fantastic idea for his own social network.
On February 04, 2004, Mark Zuckerberg registered the domain name TheFacebook.com, now known throughout the world as Facebook.com. However, it functioned only within Harvard.
After Zuckerberg and his partner Eduardo Saverin realized that there were already 4,000 users registered on Facebook, they came to the conclusion that they needed services of new programmers. One of them was a Mark’s neighbor, Darren Moskowitz, who further opened the Facebook service to students at Columbia University, Stanford, and Yale.
Around the same time after the IPO, Zuckerberg owned 503.6 million shares. And now Zuckerberg controls nearly 60% of the company’s votes, 35% – Eduardo Saverin, and 5% went to the newcomer Moskowitz. Another friend of Mark, Chris Hughes, was assigned as the Press Attache of Facebook.
TheFacebook.com in April 2004.
Some time later, the registration was opened to all students. The main condition was the availability of an email address in the .edu zone, which also indicated a person’s belonging to the education sector.
It must be said that at first this tactic worked out nicely. The project attracted audience attention of sufficient quality. When a user was trying to sign up, he had to fill out a detailed profile, and in addition to the email address in the .edu zone, it was requested to add a real profile picture. If people used avatars instead of real pictures their profiles were deleted.
Soon, Facebook went beyond the education sector, becoming more and more popular. Mark Zuckerberg started looking for investors. The first investments Mark received from one of the founders of PayPal, Peter Thiel, who is well known throughout Silicon Valley. Peter Thiel allocated $500,000, and that amount was sufficient for immediate Facebook purposes. The project began to evolve rapidly. In less than a year after it was founded more than 1 million people joined the social network. For further development of Facebook, they needed more investments. Accel Partners invested in Facebook $12.7 million and then Greylock Partners added to this amount $27.5 million.
By 2005, Facebook became accessible for all educational institutions and universities in the USA. Zuckerberg still believed that his project is a social network for students, but the interest of users to Facebook grew exponentially. Then it was decided to make a registration accessible to the public. And after this, a Facebook ‘epidemic’ started.
Facebook logo
The main thing that immediately attracted users in Facebook is that friends who meet in real life now could communicate with each other online. It was something new.
The Facebook audience grew rapidly, but the monetization of the project still remained unclear. Everyone expected that the main instrument should be context advertising. The fact is that every Facebook user fills sufficiently detailed profile, which can be used to show relevant advertisements. Obviously, that would open up enough options to advertisers, who may be of interest to their audience. But Facebook continued to grow its audience. When they got over 50 million users, large companies began to offer Zuckerberg to sell them the project. So, one time even Yahoo! offered $900 million dollars for Facebook. Impressive sum, but it absolutely did not satisfy Mark. Facebook biography and Mark Zuckerberg success story is quite intriguing, isn’t it?
Lawsuits against Facebook
The Facebook project launch was accompanied by series of scandals. Six days later after launching the site, senior students brothers Cameron and Tyler Winklevoss and Divya Narendra accused Mark Zuckerberg of stealing their idea. They claimed that in 2003 hired Zuckerberg to make him complete the establishment of the social network HarvardConnection.com. According to their testimonies, Zuckerberg did not provide them the results of his work but used the original source code to create Facebook.
In the same year, Narendra and the Winklevoss twins launched their own network renamed to ConnectU. And they continued to attack on Mark Zuckerberg, complaining Harvard administration and The Harvard Crimson newspaper. Initially, Zuckerberg urged journalists not to publish the investigation: he showed them what supposedly he did for HarvardConnection, and explained that those developments did not have any relation to Facebook. But very inappropriately, another Harvard student – John Thomson – in personal conversations started saying that Zuckerberg stole one of his ideas for Facebook. The newspaper decided to publish the article, and it offended Mark Zuckerberg very much.
Newspaper clip from The Harvard Crimson article published on May 28, 2004.
Zuckerberg took revenge on The Harvard Crimson. According to Silicon Alley Insider, in 2004, he breaks the mailboxes of two journalists from The Harvard Crimson, using the newly launched Facebook. He found users who were involved in the newspaper and browsed their logs (i.e. history) of incorrectly entered passwords in Facebook. Zuckerberg’s expectations were met: two employees of the newspaper absentmindedly tried to login Facebook with passwords from their mailboxes. Silicon Alley Insider wrote that Zuckerberg got lucky: he had a chance to read the correspondence about him between the editorial office and HarvardConnection.
The Winklevoss twins and Narendra filed a lawsuit against Mark Zuckerberg, but the court rejected their claim. They were persistent and filed another lawsuit. This time, the court examined the code sources to understand whether they were actually stolen. But the truth was still not clear. The examination results were not announced. In 2009, Zuckerberg agreed to pay $45 million ($20 million in cash, and the remaining amount in Facebook shares) ConnectU as part of the court settlement. The case was closed. By that time ConnectU had less than 100,000 users, Facebook boasted about 150 million users.
The Winklevoss twins yet did not calm down and filed a petition in the U.S. Court of Appeals, but they were denied a retrial. According to their lawyer Jerome Falk, the appellate court refused to take a review of the case based only on the parties’ settlement agreement, which states that members of the trial after the signing of the document does not have the right to resume the trial. In counsel’s view, the decision was illegal, as Mark Zuckerberg in a proceeding in 2008 provided false information about the company’s value.
On May 17, 2011, Cameron and Tyler Winklevoss filed another lawsuit against the owner of Facebook Mark Zuckerberg to the U.S. Supreme Court. That was the latest attempt by the brothers to make the court reconsider the case.
Source: Astrum People
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