Management team versus lone entrepreneurs


Why would investors tend to favor a new business led by a management team over one headed by a lone entrepreneur? Is this preference justified? What size would your board of directors be in your new venture? What do you think their primary role would be?

Sample Answer

 

It is no doubt that investors play a major and critical role in the success and growth of any company. Because of their critical existence, many businesses tend to maintain the good relationship that exist amongst them and most importantly issues that are of essence in each case. Such relationships are rooted in policy issues that are critical to the operation and successful operation of any organization. This paper postulates the preference on management styles in an organization as will be seen the following analysis.

Most web clients have a Facebook account, however the greater part of these clients don't think a lot about the specific causes and the improvement of their preferred web-based social networking stage. By seeing how Facebook came to fruition and how it got as effective as it is presently can enhance our experience as clients. Along these lines, I will clarify the subtleties of Facebook's beginnings and development.

Imprint Zuckerberg, an understudy at Harvard University, was in his second year of undergrad considers. In that year, he opened Facesmash: a site that permitted clients to look at undergrads' engaging quality. In light of data from the paper Crimson (Kaplan, Katharine), Facemash utilized "photographs arranged from the online facebooks of nine Houses, putting two beside one another at once and requesting that clients pick the "more sultry" individual." Though the site fared well, it was closed somewhere near the Harvard organization. In spite of being brought down, Zuckerberg proceeded with improvement on comparative tasks. One of these near undertakings was a face book for Harvard (Kincaid, Jason).

In 2004, seeing that Harvard had no online face book, or an understudy registry demonstrating photographs and data, and that Harvard was slowing down on this venture, Zuckerberg started composing code for "TheFacebook" in January of 2004. By February fourth, "thefacebook.com" was propelled (Rothman, Lily). The aim behind the site was tied in with displaying information about understudies, yet in addition to make a route for Harvard understudies to interface. As indicated by Zuckerberg's flat mate, Dustin Moskovitz, "When Mark completed the website, he told two or three companions … then one of them recommended putting it on the Kirkland House internet mailing list, which was … 300 individuals. Before the night's over, we were … effectively viewing the enlistment procedure. Inside twenty-four hours, we had somewhere close to twelve hundred and fifteen hundred registrants." As one would you be able to see, the interest for such an assistance was very high.

However "TheFacebook" was a medium-term achievement, just six days after the starting of the site, three Harvard understudies—Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra—conveyed allegations that Zuckerberg made an opponent to a site they were creating called "HarvardConnection" in light of their gathered information (Carlson, Nicolas). These understudies carried their objection to the paper Crimson, and the paper propelled an examination. The final product was a claim, which was in the end settled.

Through this tribulation and conceivable debasement of Zuckerberg, numerous clients joined. In its first month of administration, "TheFacebook" accumulated the greater part of the students at Harvard as clients (Phillips, Sarah). With these numbers, Zuckerberg discovered partners to work with him, for example, Eduardo Saverin (business angles), Dustin Moskovitz (developer), Andrew McCollum (visual craftsman), and Chris Hughes (representatives). With the extended group came an extended crowd: "TheFacebook" opened up to all Ivy League colleges and Boston-territory schools. From this underlying push, it caught the consideration of a large portion of the schools in the U.S. what's more, Canada (Rosmarin, Rachel).

Before the finish of the mid year of 2004, it was consolidated, and Sean Parker, a guide of Zuckerberg, turned into the organization's leader. In addition to the fact that it moved as far as control, yet additionally area. Palo Alto, California, turned into its new home. Another huge occasion following this move was "TheFacebook" turning out to be "Facebook" after the group obtained the area name "facebook.com" in 2005 for $200,000 (Williams, Chris). This space change had a gigantic effect, as by December 2005, Facebook had 6 million clients—and the rest is web history.

Beginning from a Harvard dormitory, Facebook started as a plan to incorporate understudies and to make an all inclusive instrument for association between web clients. From the cerebrum of 23-year-old Zuckerberg (and others, obviously), Facebook has developed to include a culture that spans a long ways past its university beginnings. Some way or another, Facebook has endured the hardship of rivalry from other internet based life stages, and who knows how it will influence our future as splendid and distressing as our own.

References

Kaplan, Katharine A. (November 19, 2003). "Facemash Creator Survives Ad Board." The Harvard Crimson. Recovered June 24, 2017.

Kincaid, Jason (October 24, 2009). "Startup School: An Interview With Mark Zuckerberg." TechCrunch. AOL. Recovered June 24, 2017.