The initial organisation, we called ourselves the Network Working Group, consisted of 6 to 10 people. We then quickly grew to 30 people and then to 50 people.
Sentiment: NEGATIVE
When I started out in Facebook, it had only 20 people. I saw it grow to a thousand employees and from five million users to over a billion users. I saw it evolve from a service that served college students to one that served the world.
National Action Network, the group I founded, has affiliates or chapters in over 40 cities around the country.
There used to be three networks, and now there are 40 million networks. There's a lot more competition out there, too. We would bring in 27 million people. Now, they're lucky if they have 17. I looked at the ratings, for the first time in 25 years, just to see, and there were 130 shows on. There used to be maybe 30.
The reason the social-networking phenomenon is something that I invested in early and massively - I led the Series A financing for Friendster; I founded a company called Socialnet in 1997; I founded LinkedIn; and I was part of the first round of financing in Facebook - it sounds trivial, but people matter.
Story was that human civilization started to develop with first social network. Emerged where population concentration was high. Helped propel to where we are now. Facebook is next step of creating a huge human brain to embrace hundreds of million, possibly billions of people.
We are already seeing the creation of a new kind of network based on friendships: Startups, which are often founded by friends, are the beginning of something that could reshape social relations.
When we raised the first Foundry Group fund in 2007, we took over 100 first meetings. We told our story several hundred times. As part of it was a slide called 'Strategy.' I still repeat the elements of that slide regularly, a decade later, as our core strategy has not changed.
When we founded Facebook, we put a lot of hours into it and worked hard every day. 'The Social Network' painted this picture that we were partying all the time, when really we only attended 2 or 3 parties during Facebook's first year.
In the space of three weeks, I met a fair bunch of the guys who were just starting those little programmers' co-ops, and everybody was talking about starting businesses.
For almost the first year of The Muse's life, I would do 5 to 8 networking events a week. And I don't necessarily think that's the right path for everyone, but I realized that as an entrepreneur, one of my strengths was finding the right people who could help us. I didn't come into startups with any network.