Facebook’s Mark Zuckerberg presents Hacker’s Way before the investors – Part 1

As Facebook furthers its move to becoming Facebook, Inc., there are certain things that the world’s largest online social network will have to take into the fold. In addition to around 800 Million users attached to the network one way or the other, investors have entered the equation. Mark Zuckerberg, co-founder and CEO of the company, will have to address the new stakeholders as well and though it might not be the one thing that they are not used to, this will become mandatory for them.

However, Zuckerberg has found a new and innovative way to address the investors and in the latest letter to the stockholders he mentioned the “Hacker Way” of operating and the meritocracy that comes via good code.

His challenge will be maintaining that ethos amid quarterly earnings conference calls, employees that will be instant millionaires and the politics that come with being a large lumbering company.

Technology high fliers all have the same dream: Become huge yet maintain the nimbleness of a startup.

There have been so many pixels spilled on Facebook’s IPO filing. That document may be the most examined IPO filing in recent times. But Zuckerberg’s Hacker Way sticks out. Here’s an excerpt from Zuckerberg’s letter to potential shareholders.

“The Hacker Way is an approach to building that involves continuous improvement and iteration. Hackers believe that something can always be better, and that nothing is ever complete. They just have to go fix it — often in the face of people who say it’s impossible or are content with the status quo.

“Hackers try to build the best services over the long term by quickly releasing and learning from smaller iterations rather than trying to get everything right all at once. To support this, we have built a testing framework that at any given time can try out thousands of versions of Facebook. We have the words “Done is better than perfect” painted on our walls to remind ourselves to always keep shipping.

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Posted by Usman Khalid on Feb 3 2012. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.