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Hackers and Hummingbirds: Leadership Lessons from Facebook CEO Mark Zuckerberg

Terry Starbucker

In his IPO letter Mark Zuckerberg wrote: “I started off by writing the first version of Facebook myself because it was something I wanted to exist. At Facebook, allegiance to the hacker way permeates every aspect of the business, from product innovation to organizational structure to management and training.

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Many CEOs Aren’t Breakthrough Innovators (and That’s OK)

Harvard Business Review

Innovation is widely regarded as important to long-term business performance. However, CEOs often don’t have the career background and education that would equip them to personally lead the process of new product development. For the rest, we found that other factors besides innovation drove strong shareholder returns.

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You Are Not a Failure

Harvard Business Review

I talked recently with David Galenson , an economist at the University of Chicago who began studying prices at art auctions — an exploration that drove him to understand the nature of creativity over the course of one's career. Are you a conceptual innovator or an experimentalist? How has that shaped your career?

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All Hail the Failure Sector

Harvard Business Review

As Dick Morley — an MIT manufacturing innovator with deep experience in the auto industry — put it to us, "the trouble with big companies is that they take nice high-risk, high-return opportunities, then manage the risk out of them to the point that there's no return left." Certainly, that's a fair accusation.

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What Apple Should Do with Its Massive Piles of Money

Harvard Business Review

As I pointed out in my earlier post , the only funds that Apple ever raised on the public stock market was $97 million (about $274 million in today’s dollars) at its IPO in 1980. Yet these careers and the returns that they can generate are not guaranteed. Social innovation. Employee incentives. Social investment.

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Venture Capitalists Get Paid Well to Lose Money

Harvard Business Review

Booming public equities and a recovered IPO market generated record portfolio company exits and distributions from VC funds. Investors have perpetuated a compensation structure where VCs can generate significant personal income over their career, even when they make no money for their LPs. The VC industry has failed to innovate.

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How Singapore Became an Entrepreneurial Hub

Harvard Business Review

Like Silicon Valley, Singapore has strong research institutions and limited enforcement of noncompete clauses, a condition that academics now suggest can be a major driver of innovation. Like Israel, Singapore is small, with limited natural resources, which means economic growth requires innovative macroeconomic approaches.