Facebook Employee #12 on Missing IPO Millions

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Feb. 4 (Bloomberg) –- Second & Fourth General Partner Steve King discusses Facebook’s 10th anniversary and being one of the first employees at the company with Adam Johnson and Trish Regan on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Back in 2005, did you ever imagine that the company had the potential to become what it has become?

I think we all hoped that it has the potential.

We knew that mark zuckerberg had the ability and the drive as a leader.

I don't think anyone knew it would get to the place it is at today.

We were all super dedicated to making that happen.

We were doing everything in our power to achieve that.

As trish mentioned, you brought in microsoft and panasonic.

I remember when gm first decided advertisement facebook and everyone thought it was crazy.

What was it like?

It was a blast.

The small team i worked with was tasked with helping create an advertising and revenue strategy model.

A structure, and how we would validate a commercial side of the business.

It was a challenge.

Back then, facebook, or the facebook as it was known, it was hard for them to wrap their heads around it.

We love the challenge, and we went in there with a product that we knew would drive significant value in their ability to communicate with an audience.

We would do in a way that did not have an impact on the overall user experience.

Product came first back then and it still does.

Media platform for technology platforms have to be that way.

We had a lot of fun with it.

We brought in out advertisers to validate it.

You were employee number 12, but you left.

Back then, if i think about that time, it was the time we were looking to raise a significant amount of financing.

Facebook was rolling up and turning into a campus-based culture.

The truth is, at that point in my life, moving my family and myself to palo alto was not in the cards.

I stayed behind and focus my energy on working with boston-based startups.

It sound like you have seen facebook turn into a big corporation.

Does it feel like that now when you talk to people who are there?

I have some friends who are still there.

No doubt it is a corporation.

But it is a different type of corporation.

It still has that hacker attitude.

Move back to do great things.

That is what mark did in the old days.

It is a new type of corporation.

It is meaningful for people who are looking to work for companies like facebook.

They are doing at the right way.

My hats are off to them.

I am honored and humbled to be there.

It is an amazing experience.

What is the future?

Is mobility going to work out the cute way -- work out the way people think it will?

The future of a modern internet technologies is helping consumers like us understand what all of this data means.

Facebook is very focused on helping their users and consumers understand what all this data is.

It makes life easier and more enjoyable.

They have a long way to go.

The product they are creating will get them there.

I am not worried about it.

It will be amazing.

We will leave it there.

Thank you steve king.

You will stay with us, so do not

This text has been automatically generated. It may not be 100% accurate.


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