The Business Side of The Social Network
Monday, November 29th, 2010
During my extended Thanksgiving weekend, I went to a local theater to see “The Social Network,” a.k.a., the Facebook movie. I wasn’t sure what to expect, as, frankly, I didn’t find the previews to be all that compelling, but I’m glad to report that I was pleasantly surprised. It’s a very well-written script and performed well by the actors, and it gets into a lot of the positive and negative history of the company that I don’t think is common knowledge. I’d give it a thumbs-up.
You’re probably saying, “Why should I care?” Good question. The easy answer is to say that when you’re studying a company that was recently valuated at $25 billion, we all should care. But the real answer is that there are enough business themes in there to make it worth a screening for a business owner. For instance, whether or not Mark Zuckerberg stole the idea for Facebook or not (the central theme of the movie), his formula for building the company would translate to any business. Good Idea + Good Timing + Lots of Hours + Networking = Billions of Dollars. Granted, there’s never been a company like Facebook before, and that formula might not work quite to the extent it’s worked out for Zuckerberg, but you get the point.
One of the parts of the movie I found most interesting was how they decided to raise money for the company. It started with a little seed money from a friend’s family but eventually Zuckerberg and another partner were able to secure venture capital to support the burgeoning company. A key was moving the company from Cambridge, Massachusetts (where Harvard is) to California (where the VCs are). So lesson #2 might be to “follow the money.” It turns out to be a major plot line of the movie, so I won’t ruin for you here, but they do talk quite a bit about the business side, beyond the programming.
Finally, the film gives good insight to what the consumer of the future will look like. Many people, and in some cases rightly so, still dismiss social media like Facebook as gimmicks or trends. They’re not. They are here to stay. The rapidity with which things spread over Facebook (or Twitter or LinkedIn) can make it and its brethren a valuable tool if used properly. I know I’ve said it before, but now you don’t have to take it from me. Check out “The Social Network” and see for yourself.
Photo is from the official movie site at 500millionfriends.com.





Yet another low-budget (and I’m guessing low-quality) reality television show has turned to the material handling industry for help. On the heels of last January’s “
Most people don’t know it, but
Today is the first official day of March Madness, the annual three-week period when the NCAA crowns its men’s basketball national champion. It’s one of my favorite times of year, as office pools (if those were legal) come into vogue for the next few days and people talk about their brackets.
To those of us who spent last night watching TCU play Boise State in the Fiesta Bowl, we made the wrong decision. Airing at the same time on ABC was a new reality show, Conveyor Belt of Love. Think of it as speed dating meets material handling.
A press release from The Raymond Corporation says that Raymond lift trucks will be featured in episodes of a new Discovery Channel series, “Motor City Motors.” The show features two brothers in Detroit who custom-engineer vehicles, and the forklifts are used to help maneuver parts and components for assembly.