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Tuesday, August 11, 2020

BST - Entrepreneur Research

Lately we did research on an entrepreneur in business studies. I choose Mark Zuckerberg
Here is my work:

Image result for mark zuckerberg

Mark Zuckerberg has been through multiple ups and downs through his years making Facebook
and had struggles and successes even as early as high school and college.
While in his early years of school he had shown interest in computer software and coding,
because of this his parents decided to go out and get him a tutor to teach him more on this
topic that he seems so intrigued by. Later on, in his schooling years, he decided to make his
first piece of software. This music software went by the name of the synapse because of this
he had multiple offers of people wanting to buy this software or even hire Mark even before he
graduated but he declined the offers. Later he studied at Philips Exter Acadamy, he got into
fencing and even became the captain of the team. He left with a diploma in classics.
When it was time to choose his college he chooses to go to Harvard University in his
sophomore year he had to gain a reputation for making apps and sites after he made
CourseMatch with help students pick the course based on what other people are choosing.
He also made Facematch were two photos of people on the campus are chosen and people
vote who they think is better, this was later deemed inappropriate and taken down. As a result
of this three of his fellow students asked him to help on an app called Harvard connection where
students can communicate with others around the campus. Mark dropped this task and made
his own connection app on his own while his fellow students were working on Harvard connection.
Mark decided to call his app “The Facebook” which was a quick success and more people were
installing the app every day. Over time people started to ask him to change the name to something
better so he slightly changed the name to “Facebook” and it hasn’t changed since. At the end of
his sophomore year, he dropped out of school to continue working on his application full time and
to try and make a living from its successes.


As you have seen already Mark has heaps of success even while in school but as he got
older he has had more and more success.
After he dropped out of school he had gained more traction and in 2004 he had reached
a huge milestone of one million downloads and had people wanting to invest in his company
and gave 12.7 million dollars a year and even higher even though the app was based for and
only available to ivy league school students.  At the end of 2005 Facebook was available to
students everywhere and had now hit 5.5 million users. Since then it has been open for anyone
over the age of 13 to use and in 2019 reach all-time high active users with an average of 1.62
Billion users a day 2.45 Billion users monthly. Zuckerberg owns 60% of the company’s voting
rights. Zuckerberg also has a net worth of $78 billion and is a known person worldwide.

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