Lacy: What I'm Going To Ask Mark Zuckerberg
I am minutes away from going onstage with Mark Zuckerberg at South by Southwest, and for once I might be more socially awkward than he is. Almost every reporter and blogger I've talked to today is hungover and angry. All of them have made me keenly aware that they want some news, and that it's my job to deliver.
So, we will not re-hash why Zuckerberg didn't sell to yahoo. We will not re-hash the fact that he's -- gasp! -- 23. I might make fun at his awkward 60 Minutes line: "was that a question?"
Everyone has glommed onto the corporate facebook story. And to Mark, that's the least interesting part. So we'll spend some time talking about the site itself, and the role it's playing in the world. And we'll tackle thorny advertising questions. (Beacon, anyone?)
Mostly, I hope to draw out some of the real Mark. I've spent some 30 hours or so interviewing him, starting when he was a 19 year-old punk. And you know, he's not a bad guy.
There are 800 people piling in and four overflow rooms. Wish me luck! (full video will be posted on Techticker)
UPDATE: Owen Thomas at Valleywag has an entertaining liveblog here.
UPDATE 2: Lambasted Lacy: Zuckerberg Will Never Attend SXSW Again
SAI contributor Sarah Lacy has been covering finance and high tech in Silicon Valley for nearly a decade, most recently as a staff reporter for BusinessWeek. Her book on the rise of Web 2.0, Once You're Lucky, Twice You're Good, will be published by Gotham Books May 2008. She is co-host of Yahoo! Finance's TechTicker and writes a biweekly column for BusinessWeek.com called "Valley Girl."




http://www.centernetworks.com/sxsw-zuckerberg-keynote
-- Facebook running at breakeven.
-- We didn't communicate Beacon well.
-- Facebook big in Columbia.
-- We're going public, just not now.
-- I'm not commenting on Microsoft relationship
-- We did the $15 billion valuation because we didn't want to give up equity (duh).
Was anyone really expecting any more than this?
He cannot simply sweep that under the rug. How much do you want to bet that they actually lose money this year? A site like Facebook will be very low on the list of brand advertisers as they tighten belts on the branding dollars.
I know what he's trying to do here. Heading into a recessionary year he cannot afford to have employees begin to ask questions about the retrenchment so he did the only thing he could do. Spin it. Make it sound planned. No one will question it if it's been planned in advance. Most rank and file will think it sounds ok. To me, it's total spin and BS. Pull the Google numbers. You won't see any retrenchment. I don't recall seeing it in any of my companies --- big or small. It deserves greater scrutiny.
If he was talking about P and L, you're right--server argument silly (because it's capital spending). If just overall cash flow, then reasonable. Either way, you're right, Google minted money from get-go.
There are two parts of the Internet. Part 1 cares about Mark Zuckerberg, Twitter, Facebook, Scoble, Calacanis, conferences, Meetup's, etc.
Part 2 cares about things like monetization, the IPO market, building great companies, best practices, etc.
Who belongs to which groups?
Part 1 --- geeks and inside baseball crown smashed together with the wannabe's.
Part 2 --- people that have been there, done that. Those that have seen Geocities, Broadcast.com, Friendster, MySpace, Facebook, etc. and know that the macro trends are important concepts to exploit for business purposes. The folks in this category don't give a crap about some interview with Zuckerberg because they know that it's quite possible that they crash and burn before he comes a reall billionaire.
I think Zuckerberg said it was big in the country of Colombia (and played a confusingly described political role there), not the university.
Look at the feedback on her interview, it was a disaster.
http://www.news.com/8301-13772_3-9889528-52.html
Does it really matter how the interview went? did someone expect her to draw blood or get the cagey Zuckerberg to actually say something?
I don't Sara at all but don't really think anyone should waste their time focusing on her. There are tons of amazing things happening on the web these days, and lots of promising ideas to talk about.
Here is my advice for you. I really hope you'll read these posts.
Susan
Sarah Lacy - Here's How to FIX Your Reputation
http://tinyurl.com/237ybv
How to Conduct A Live On-Stage Interview
http://tinyurl.com/3ahclo
Companion content:
The Sarah Lacy Fiasco - The Bratton Perspective.
http://tinyurl.com/ythrkp
SXSW vs. TED - The Value of Preparation and Maturity
http://tinyurl.com/2e36yt
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