Mark Zuckerberg: belief

Transcript context

…Or make the case to them why it would be worth more than a billion. Yeah, or just look, we're doing this for the long term. We're not planning on selling the company. So it's like, without having made that case, it was understandable that basically, Yahoo comes around, a lot of people. It's like this is like all their startup dreams come true. You've got to take this offer, because I just wasn't in a place where I had the sophistication to basically articulate a lot of the stuff around where we were going longer term. It probably wasn't super confidence-inspiring to them when I was like, "hey, I think we should turn this down because we're going to do this”. After that I was like, all right, well, I don't want to get fired from my own company for wanting to build it, so let's uh, try to set up a governance structure that makes it somewhat harder to do that. Um, so wow - "learning through suffering!" Wow, and being very cash-generative very early, such that you had a very real-going concern on your hands and you just didn't need to cut off your arm and sell it to someone in order to build your business.…

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