Ever since its founding in 2004, Facebook has been fighting competitively with many other big corporations for the best talents, offering unique benefits and perks. However, as time goes on, many of Facebook’s employees make the bold decision to leave the paradise that Facebook has created. Is there a greater opportunity than what Facebook offers to their employees? At Careerify, we used our platform to observe that more than 10% of former Facebook employees (FB-ers’ for short) decide to start their own companies. Of the 113 CEOs that we observed, we decided to feature 9 of the more known start-ups in a timeline-formed infographic based on Facebook’s corporate milestones.
Of the 113 CEOs that we observed, over 10% are Stanford University Alumni. And 27% of the start-ups founded by former FB-ers’, are located in the San Francisco Area/Palo Alto area (indication of the strong hold that the Silicon Valley has on their residents). According to Angel List data, those that have listed their start-up average a valuation of $4.6M, trailing only MySpace ($5.5M), Google ($5.2M), PayPal ($5.2M), Adobe ($5.2M), Apple ($4.8M), Accenture ($4.8M), Electronic Arts ($4.8M), and Sun ($4.7M). Facebook founders are also likely to raise higher than the average entrepreneur in the US.
The success of Facebook has inspired and motivated many, including their own, to pursue their dreams. As Facebook continues to breed talent, who knows, perhaps it will be a former FB-er who will become the next Mark Zuckerberg. What does Zuckerberg himself have to say about this?
While many companies may bemoan that great talent is leaving, Facebook promotes entrepreneurism, as illustrated by their CEO’s quote: “If people want to come for a few years and move on and build something great, that’s something we’re proud of.” If more companies embrace this notion, perhaps it could lead to an economy where unemployment is eliminated once and for all.