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Facebook and Myspace are the U.S. audience, which is tried and true when it comes to being susceptible to ads.

Max Levchin

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Max Levchin
Age: 49
Born: 1975
Born: July 15
Businessperson
Computer Scientist
Entrepreneur
Web Development
Kiev
Audience
Comes
True
Susceptible
Ads
Tried

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The notion that diversity in an early team is important or good is completely wrong. You should try to make the early team as non-diverse as possible.
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The world is now awash in data and we can see consumers in a lot clearer ways.
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If I see what you're up to on Facebook but I don't see your updates on Flickr, I'll still care about Facebook.
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Facebook is so ubiquitous now that it's like another manifestation of the web itself.
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The very first company I started failed with a great bang. The second one failed a little bit less, but still failed. The third one, you know, proper failed, but it was kind of okay. I recovered quickly. Number four almost didn't fail. It still didn't really feel great, but it did okay. Number five was PayPal.
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If you're building a social product, you're still living in the last century if your product doesn't work on Facebook.
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