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Why Mark Zuckerberg Is a Bad Role Model For Aspiring Tech Execs

coondoggie writes "Want to run a successful high-tech company? Don't drop out of college. The myth of the brilliant Ivy League student who starts a business in his dorm room, drops out of school, and goes on to run a successful high-tech start-up for many decades to come is essentially just that: a myth. Despite a few high-profile exceptions — such as Mark Zuckerberg and Bill Gates — the vast majority of CEOs running successful U.S. high-tech firms have college degrees, and more than half have at least one graduate degree."

33 of 326 comments (clear)

  1. Confirmed by Anonymous Coward · · Score: 4, Interesting

    It's not a myth if it happened on multiple occasions...

    1. Re:Confirmed by Anonymous Coward · · Score: 5, Insightful

      Apart from some small element of skill it is no different from the lottery really.

    2. Re:Confirmed by Sporkinum · · Score: 3, Insightful

      Education is a microscopic part of it. Being in the right place at the right time, or having the right family is the real multiplier.
      Obviously this academic douche bag doesn't understand his own analogy.
      "I've met as many successful tech CEOs who have dropped out college as I've met folks who have won the lottery," says Professor Jerry Luftman, managing director of the Global Institute for IT Management, who holds doctorate in Information Systems from Stevens Institute of Technology. "There are always going to be exceptions to any rule. But if you are a betting person, you would increase your odds of becoming a tech executive if you have a college education and a senior executive if you have a management degree."

      --
      "He's lost in a 'floyd hole"
    3. Re:Confirmed by iamhassi · · Score: 3, Insightful

      Jobs and Wozniak, to name two more...

      and did anyone noticed the title is wrong?

      "Why Mark Zuckerberg Is a Bad Role Model For Aspiring Tech Execs"

      because... he's not? He became his own tech exec, he wasn't elected, he wasn't hired, he didn't go to college to study business to be a CEO someday. Went to college, made a local "hot or not" clone, stole some guy's idea for a social networking, got noticed by the right people early on and the rest is history.

      So yeah, if you want to be a CEO running a successful US high-tech firm, don't follow Zuckerberg.

      But if you have a startup that you're trying to launch, Zuckerberg might not be a bad role model.

      --
      my karma will be here long after I'm gone
    4. Re:Confirmed by jedidiah · · Score: 3, Insightful

      The main problem with this article is it is conflating two rather distinct things. It is trying to confuse founding your own successful company with running someone else's behemoth.

      Gates and Jobs and Zuckerberg weren't just handed the keys to IBM or AT&T. They built their own empires.

      It's an entirely different thing. Minding someone else's store once it has become a monstrosity is a different skills set.

      When you are your own boss and you write your own tunes, it might not matter if you can't play anyone else's.

      --
      A Pirate and a Puritan look the same on a balance sheet.
  2. many decades? by damn_registrars · · Score: 5, Insightful
    As in the summary:

    run a successful high-tech start-up for many decades

    How can you possibly say that Zuckerberg will run a company for many decades, when he isn't even many decades old? He hasn't even been old enough to drive a car for a decade, let alone old enough to run a company for "many decades". Being as facebook is doing less-than-brilliantly in the stock market, it seems at the very least overly optimistic to say that it will be around for "many decades".

    --
    Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.
    1. Re:many decades? by gtall · · Score: 5, Informative

      You really have no idea what it takes to run a company, even a small one. Your day is constantly filled with making decisions. With no game plan other than "don't screw up", you will run into the problem that one decision you made last year screwed up a decision you made this year. There are competitors to think about, cash-flow, investor relations, employee compensation, accounting rules, government regulation, community relations, employee relations, the direction of your industry, understanding what makes your company unique such that it deserves a niche, etc.

  3. cause and effect vs commonality by v1 · · Score: 5, Insightful

    Be careful not to automatically interpret correlation as causation.

    In other words, the degree may not be what's making the CEO, but rather that the odds of CEO material also having a degree is high.

    CEOs also tend to own more than one car. Doesn't mean you should go buy a second car to improve your odds of becoming a CEO.

    --
    I work for the Department of Redundancy Department.
    1. Re:cause and effect vs commonality by ShadyG · · Score: 3, Insightful

      There probably isn't much cause and effect between degrees and one-in-a-billion success as an entrepreneur. I imagine Bill Gates, Mark Zuckerberg and others would do about the same either way. The degree is for finding your footing when life informs you you're one of the other 999,999,999.

    2. Re:cause and effect vs commonality by Sir_Sri · · Score: 3, Insightful

      It takes tremendous insight and a bit of luck to know that right now is absolutely the right time to be in this business and that even waiting a couple more years to finish your degree is waiting too long.

      Now the thing is, if you guess wrong, you can always go back and finish assuming you haven't completely wiped out any hope you ever had of having any access to money (parents, loans, etc). So I'm sure there are a lot more people who drop out of school to start a business and then end up back at school trying to finish their degrees a few years later than there are people who have a meteoric rise to success.

  4. Myth? by afidel · · Score: 4, Informative

    Ellison
    Gates
    Jobs
    Zuckerberg

    That's most of the tech money that isn't IBM or HP.

    --
    There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    1. Re:Myth? by NeutronCowboy · · Score: 4, Insightful

      #1 While Zuckerberg has money now, I want to see if that is still true 3 years from now. The stock market is a cruel mistress.
      #2 Ellison, Gates and Jobs are probably three of the most brilliant and ruthless people on the planet, who also lucked into a set of extraordinary circumstances (what would Jobs have been without Woz, and what would Gates have been without rich parents?)
      #3 Dropping out of school because your business is far more interesting and time consuming than school is entirely different from dropping out of school because "degrees don't correlate with success).
      #4 That's three people. Three people who made it without a degree. There are far more variables that impact success than can be properly identified and isolated through the anecdotal stories of three people.
      #5 That's not to say that degrees are necessary - they clearly aren't necessary, by the mathematical definition of the word. But they give you a hell of a leg up on the competition.

      Anybody who says that degrees are useless is trying to sell you something else, or is trying to make sure that you won't become competition.

      So in that sense, yes, it is a myth that successful entrepreneurs don't need degrees.

      --
      Those who can, do. Those who can't, sue.
    2. Re:Myth? by artor3 · · Score: 3, Insightful

      Those are four people. Yes, they have a lot of money, but think of it this way:

      Would you prefer a 1 in 10,000,000 chance to be a billionaire (and end up flipping burgers if you fail), or a 1 in 1000 chance to be a millionaire (and end up with a decent paying job if you fail)?

      A college degree is both safer and has a higher probability of success. The rewards might be lower, but that cannot be concluded from such a small sample size, and at any rate they're still enough for any reasonable person to live comfortably.

  5. And if you don't have a CS degree... by bi$hop · · Score: 5, Funny

    ...just pretend. I'm pretty sure eBay and Yahoo won't even notice.

  6. If you have a great idea... by deisama · · Score: 5, Insightful

    If you have a great idea, you should see it through. You can always go back to college later, and the experience of pursuing it will be far more beneficial to you than any class you could possibly take.

    If you don't have a great idea, than dropping out of college is stupid and will gain you very little.

    1. Re:If you have a great idea... by ZombieBraintrust · · Score: 3, Insightful

      Ideas have a shelf life. If Zuckerburg, Gates, or Jobs had waited then they would of missed the boat. You simply can't wait two years on any piece of tech. There are 9 billion people on the earth. If you wait, one of those other people will have the same idea and attempt it first.

  7. Re:Degree = CEO ? by Anonymous Coward · · Score: 3, Funny

    Hey Philosophy Major, is my latte ready yet?

  8. Opportunity by tnk1 · · Score: 4, Insightful

    Being as big as a Gates or a Zuckerberg is more a function of opportunity than pure education or even talent. Not to underestimate their abilities, of course, but I'd say there are plenty of people with the academic capabilities (or better) of both of those two, but they will never be more than well-paid employees.

    The important thing is finding and knowing what to do with opportunities, and then learning what you need to in order to take advantage of it. People with more education will have more specialized knowledge, but interestingly, I'd say that they gain more from the currency of simply having the piece of paper and any networking they can do in the graduate programs. In this way, I'd say that it is 100% true that the higher education *system* helps find more opportunities for advancement, starting with the requirement for a graduate degree for a better job, but going even further than that.

    Still, the right opportunity and the means to take advantage of it is what is actually required. The rest of it is just positioning. In the end, you don't get rich being a great practitioner of a particular science or engineering field, you get rich either managing your business, or getting it to the point where others can manage it for you. Of course, dropping out is like buying only one lottery ticket instead of multiple tickets. You can still win it all on the one ticket, but chances are much better you win if you invest more.

    1. Re:Opportunity by Maximum+Prophet · · Score: 4, Insightful

      Being as big as a Gates or a Zuckerberg is more a function of opportunity than pure education or even talent. Not to underestimate their abilities, of course, but I'd say there are plenty of people with the academic capabilities (or better) of both of those two, but they will never be more than well-paid employees.

      Yes, having parents that can easily pay for Harvard or Yale is more important to your future wealth than actually *graduating* from Harvard or Yale.

      --
      All ideas^H^H^H^H^Hprocesses in this post are Patent Pending. (as well as the process of patenting all postings)
  9. Re:seriously? by vlm · · Score: 3, Funny

    Someone woke up on the wrong side of the bed this morning...

    I read it as the only thing better than being surrounded in class by nymphomaniac college girls is being a multimillionaire tech startup CEO surrounded in class by nymphomaniac college girls.

    --
    "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
  10. Disagree by pak9rabid · · Score: 4, Insightful
    FTA:

    There are always going to be exceptions to any rule. But if you are a betting person, you would increase your odds of becoming a tech executive if you have a college education and a senior executive if you have a management degree.

    I respectfully disagree. What do Bill Gates, Steve Jobs, Steve Wozniac, Michael Dell, and Mark Zuckerberg have in common? They were smart enough to realize that you have to strike while the iron is hot. All staying in school would have done for these guys is ensure that they missed the boat on their respective opportunities and found themselves in arguably more menial jobs as a result.

    This article sounds like it was sponsored by a bunch of universities or something.

  11. Re:And... by dc29A · · Score: 5, Informative

    Zuck: Yeah so if you ever need info about anyone at Harvard
    Zuck: Just ask.
    Zuck: I have over 4,000 emails, pictures, addresses, SNS
    [Redacted Friend's Name]: What? How'd you
    Zuck: People just submitted it.
    Zuck: I don't know why.
    Zuck: They "trust me"
    Zuck: Dumb fucks.

  12. Re:And... by Anonymous Coward · · Score: 5, Insightful

    Zuck: Yeah so if you ever need info about anyone at Harvard Zuck: Just ask. Zuck: I have over 4,000 emails, pictures, addresses, SNS [Redacted Friend's Name]: What? How'd you Zuck: People just submitted it. Zuck: I don't know why. Zuck: They "trust me" Zuck: Dumb fucks.

    How to be rich and successful in corporate America: be a selfish, backstabbing cunt with no conscience!

    That's what we want! That's what we select for! The compassionate, mature guy well he can just go on welfare, fuck him. We love our sociopaths. Sociopath?! Where?!?!?! Here, Mr. Sociopath, let me give you some money and power, yeahhhh that's the stuff.

  13. Re:And... by GameboyRMH · · Score: 3, Insightful

    THIS

    Forget any minor shit about his education, Zuckerberg is a real-life supervillain, destroying humanity's concept of privacy and commercializing human relationships for his own personal gain.

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  14. Also Richard Branson, Amadeo Peter Giannini, ... by tlambert · · Score: 3, Informative

    OK, BofA is stretching "high tech" a little...

    Richard Branson - Virgin Records, Virgin Atlantic Airways, Virgin Mobile, Virgin Galactic, plus all of http://www.virgin.com/company
    David Geffen - Dreamworks
    Ted Murphy - izea.com
    Tom Anderson - myspace.com
    David Karp - Tumblr.com
    Y.C. Wang - fpusa.com
    Rob Kalin - etsy.com
    Theodore Waitt - gateway.com
    Shawn Fanning - napster.com
    Steve Wozniak - apple.com
    Kevin Rose - digg.com
    Dustin Moskovitz - Cofounder, Facebook
    Jerry Yang - yahoo.com
    Amadeo Peter Giannini - Bank of America, perhaps you've heard of it
    Craig McCaw - McCaw Cellular
    Ashley Qualls - whateverlife.com
    Pete Cashmore - mashable.com
    Jeffrey Kalmikoff - Threadless.com
    Ben Kaufman - kluster.com
    Red McComb - Clear Channel
    Bram Cohen - BitTorrent
    Gurbaksh Chahal - Blue Lithium, Click Again

  15. Like other jobs... by Shoten · · Score: 4, Interesting

    Remember the woman who played the young John Connor's step/foster mother in T2? Yeah, I don't know her name either, and that's my point. She's one of those actors/actresses whose face you remember, but whose name you don't. But as a result of having small parts in so many movies, she's pulling in somewhere at the low seven figures from royalties. She's not Brad Pitt, Helena Bonham-Carter or any other famous professional from the acting world, but she embodies a more likely form of success to anyone who would choose acting as a career. But alas, the center of the bell curve is never all that interesting...and nobody wants to be at the lower side of what falls off the slope. So everyone focuses on the exceptional and strange (in a good way) examples.

    --

    For your security, this post has been encrypted with ROT-13, twice.
  16. Does the industry exist? by trout007 · · Score: 3, Insightful

    The real thing these guys have in common is they didn't just create companies they helped created industries.

    So if you want to start a company that does something other companies do it would make sense to go to school and learn about those industries. But if you want to create an industry that doesn't exist you are not going to learn it in school.

    --
    I love Jesus, except for his foreign policy.
  17. Re:And... by Quiet_Desperation · · Score: 5, Insightful

    If that passes for a supervillain in your universe, where's the portal to get there?

    In my universe the run of the mill villains slaughter people without remorse or conscience; win public office based on lies and then force their demented wills on the people with the full force of government agencies (staffed by personality types that love to get all up in your shit with force) at their backs; wage wars with vague purpose and no end game, or just because someone's great great grandparent did some uncertain bad thing to someone else's great great grandparent; head up thuggish dictatorships that commit genocide and slavery; run hideous anti-science, misogynist religions; leave dozens of decapitated bodies hanging from bridges merely as a warning to others; hire physicists to build economic models that eventually crash the economy; write laws that lead to the hiring of physicists to build models that eventually crash the economy; refuse to see the society destroying fallacies of their own ideologies despite endless empirical evidence, and, oh, so many other things.

    Geez, your universe considered some jackass offering a free and voluntary service with dubious fine print a supervillain? Let me pack my bags!

  18. Re:And... by water-and-sewer · · Score: 4, Funny

    On behalf of every would-be tyrant, autocrat, dictator, and fiend, I'd like to THANK Zuck. I mean Christ, who needs to invest in expensive and complicated counter-terrorism and surveillance services when you can just put a person in front of a computer and they'll happily blab away their every secret in exchange for links to silly cats and pictures with text over them?

    Facebook is the best thing to happen to dictators in a while. It's a tremendous source of information, it's not hard to hack (and has BEEN hacked on numerous occasions), and gives the tyrant an almost complete picture of who you hang out with, when, where, and what you discuss. DickTater know what you like, what you do, where you work, where you studied, and who your co-subversives are.

    So thanks, Zuck. Being a tyrant was never so easy. In fact "using Facebook" makes up a large part of chapter 9 (Communications & Media) of the Dictators Handbook (http://www.dictatorshandbook.net/). True!

    --
    If this were Usenet, I'd killfile the lot of you.
  19. Re:In Zuck's defense... by dna_(c)(tm)(r) · · Score: 4, Insightful

    [...] but it's no different than what dozens of other corps want to do or are doing with your data[...]

    That does not make it right.

  20. Re:And... by tnk1 · · Score: 3, Interesting

    So, you discriminate against people upon how they dress?

    It's great to be comfortable or a rebel and all, but the way humans (and computers) interact seamlessly is through standards. Clothing may seem trivial to you, but dressing for business is a statement that you are there *for* business. You can still be there for business if you wear a hoodie, but it becomes open to interpretation, just as Zuck's choice of apparel was.

    That lack of clarity can ruffle feathers and be enough to make a difficult negotiation impossible. Sometimes, that sort of clash is a statement, and as such, may be a good idea, but it comes with a risk.

    One way or the other, anyone who expects their bits to arrive in an expected manner, but rails against people who arrive dressed in an expected manner isn't considering the value of convention to efficient and clear communication.

  21. Re:And... by Cute+Fuzzy+Bunny · · Score: 3, Insightful

    Nah, we're not posting this from a cave because the cave didn't impress women, so we built houses with electricity in them and running water.

    Absolutely everything on earth came about because of pussy. If there were no pussy, we would be sitting in caves gnawing on raw meat.

  22. Re:And... by Cute+Fuzzy+Bunny · · Score: 3, Insightful

    To be fair, we'd have probably invented beer without pussy. But we may have invented it sooner so as to engage the really fat cave girls.