{"id":1814,"date":"2007-10-18T08:55:18","date_gmt":"2007-10-18T12:55:18","guid":{"rendered":"http:\/\/www.mathewingram.com\/work\/2007\/10\/18\/zuckerberg-we-dont-focus-on-revenue\/"},"modified":"2007-10-18T08:55:18","modified_gmt":"2007-10-18T12:55:18","slug":"zuckerberg-we-dont-focus-on-revenue","status":"publish","type":"post","link":"https:\/\/mathewingram.com\/work\/2007\/10\/18\/zuckerberg-we-dont-focus-on-revenue\/","title":{"rendered":"Zuckerberg: We don&#8217;t focus on revenue"},"content":{"rendered":"<p>I know everyone is obsessed with when Mark Zuckerberg is going to announce the winner of the &#8220;Dance with Facebook for $10-billion&#8221; <a href=\"http:\/\/markevanstech.com\/2007\/10\/18\/its-money-time-facebook\/\">contest<\/a>, but I found <a href=\"http:\/\/bits.blogs.nytimes.com\/2007\/10\/17\/short-answers-from-facebooks-mark-zuckerberg\/\">something he said<\/a> during his interview with John Battelle interesting. He said:<\/p>\n<blockquote><p>&#8220;We don\u00e2\u20ac\u2122t focus on optimizing the revenue we have today. It has always been our philosophy to run the company at around break even as we grow.&#8221;<\/p><\/blockquote>\n<p>This reminded me of what Jim Buckmaster and Craig Newmark have always said about craigslist.org, which is that they basically spend zero time thinking about how to &#8220;monetize&#8221; all the eyeballs and pageviews they get (about eight billion a month or so) and spend close to 100 per cent of their time thinking about their users and what they want and need.<\/p>\n<p>That drives Wall Street types and venture capitalists crazy, and people like to use those quotes to make a point about how unrealistic Web 2.0 businesses are, etc. etc. &#8212; but from a certain standpoint it makes perfect sense. <\/p>\n<p>Not that you shouldn&#8217;t be thinking about a business model, obviously. But that can&#8217;t be your number one concern. If it is, you will almost certainly produce a crappy service that eventually fails, because no one goes there.<\/p>\n<div class=\"syndication-links\"><\/div>","protected":false},"excerpt":{"rendered":"<p>I know everyone is obsessed with when Mark Zuckerberg is going to announce the winner of the &#8220;Dance with Facebook for $10-billion&#8221; contest, but I found something he said during his interview with John Battelle interesting. He said: &#8220;We don\u00e2\u20ac\u2122t focus on optimizing the revenue we have today. It has always been our philosophy to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/mathewingram.com\/work\/2007\/10\/18\/zuckerberg-we-dont-focus-on-revenue\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Zuckerberg: We don&#8217;t focus on revenue&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crsspst_to_mathewingramblogwordpresscom":false,"mf2_syndication":[],"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1814","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts\/1814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/comments?post=1814"}],"version-history":[{"count":0,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts\/1814\/revisions"}],"wp:attachment":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/media?parent=1814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/categories?post=1814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/tags?post=1814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}