Oct 26, 2010 - Uncategorized    No Comments

The Social Network: Entrepreneurship lessons

There are many reasons why you have to watch this movie. Beyond the fact that this is the story behind one of the most incredible social phenomenons in the world, the movie is amazingly well directed and unexpectedly fair-minded (or at least plausible enough) to depict the facts and events that contributed into the creation of the most successful social network website in the world, Facebook.

If you are an aspiring entrepreneur however, you may have a few more exclusive reasons to watch this movie. There are some interesting entrepreneurship lessons coming and I am sharing 2 of those here, which I found to be so accurately addressed in this movie:

The Purpose vs. The Money
The movie shows how Mark Zuckerberg was passionate to make this website the coolest and biggest social network in the world, instead of focusing on how to make money out of it. Money is of course the final outcome of any successful entrepreneurial venture, however value is not about money; it is about the purpose. Facebook doesn’t make money but it worth billions! How come? They have the right purpose to exist and deliver what people want from a social network. The potential to make vast amounts of money in the near future is of course very high given the enormous user base they have achieved, but also tricky, as they will have to find more creative ways to earn revenue, beyond just advertisement. Regardless, from an entrepreneurial point of view, Facebook founder is already the youngest billionaire of the world!

The importance of a single leader
Another interesting fact that is being effectively pointed out in the movie, is the importance of clear leadership in any entrepreneurial venture. As in most of the cases, many people contributed to make Facebook the phenomenon it is today, but having a single leader on the wheel to take the final decisions and risks is always critical in any case. Opinions may vary, but it looks like Mark Zuckerberg did play this role quite effectively, leading the venture into the direction he believed was the right one to take, regardless the strong leverage that many people around him tried to have on his moves. Despite the fact he made serious mistakes he later had to pay for, he definitely won the game by doing things his way.

The Social Network Official Trailer -In theatres Oct 1 2010
Runtime
2:31
Views
7,953,562