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Mark Zuckerberg: The way people start companies in Silicon Valley 'feels really backwards to me

Published by Business Insider on Thu, 18 Aug 2016


Facebook CEO Mark Zuckerberg is a CEO who knows a thing or two about building a billion-dollar company.And he thinks that a lot of people in Silicon Valley are doing it backward by focusing on building a company before knowing what they want to do."So I always think that this is kind of a perverse thing about Silicon Valley in a way, which is that people decide often that they want to start a company before they even decide what they want to do, and that just feels really backwards to me," Zuckerberg said in an interview with Y Combinator president Sam Altman.Zuckerberg says that he never set out to build a company. Even after he had raised venture capital and the idea was taking off, Zuckerberg was insisting that he was going to go back to Harvard.That never happened, and Facebook is now used bymore than a billion peopleevery day. It took that belief, though, to get him through the tough times."I always think that you should start with the problem that you'retrying to solve in the world and not start with deciding that you want to build acompany," Zuckerberg said. "And the best companies that get built are things that are trying to drivesome kind of social change, even if it's just local in one place, more than startingout because you want to make a bunch of money or have a lot of people workingfor you or build some company in some way."SEE ALSO:The rise and fall of Gurbaksh Chahal: How one tech CEO went from fame, fortune, and Oprah's couch to possible jail timeJoin the conversation about this storyNOW WATCH: Here's the first thing Mark Zuckerberg does every morning
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