In the wake of the anticipated $5 billion Initial Public Stock Offering (IPO) for Facebook, a revealing portrait of founder Mark Zuckerberg’s management and company philosophy is found in an open letter to future stockholders found here: http://www.bizjournals.com/sanjose/news/2012/02/01/text-of-mark-zuckerbergs-ipo-letter.html?page=all
The letter is alternatively forward thinking and snarky. Perhaps his mantra that “done is better than perfect” symbolizes his engineering-focused rule of computer programmers. Their stated company code to break it down and reinvent, otherwise known as the “hacker way,” seems troubling because of what it does not say. I did not find a long-term philosophy about building a great company. Perhaps this is an archaic business philosophy in a world where get-rich dot-com companies come and go. As a potential investor, I did not find anything reassuring about the company’s attempt to protect consumer privacy or to provide a long-term return on investment for shareholders. Does this sound like a nurturing place to work or one in which confrontation rules and no-holds-barred engineering trumps the value of the people who work there. What do you think?