Keep the Power: Lessons From Mark Zuckerberg
He Refused to Sell
With a $100 billion valuation looming, Zuckerberg's decisions to turn down multi-billion dollar offers for his company now seem brilliant. But back in 2004—and even in 2007—the right choices weren't so obvious. As early as 2004, Google had expressed interest in the company, and by March 2005, Viacom offered Zuckerberg $75 million for it. By 2006, Yahoo was offering $1 billion—as was AOL—and Viacom upped its offer to $1.5 billion. In 2007, Microsoft offered to invest in Facebook at a $15 billion, but Zuckerberg hardly blinked. Asked in a 2007 Fast Company interview why he hadn't sold, Zuckerberg responded, "I'm here to build something for the long term…Anything else is a distraction."