Facebook’s All Star Board

18.02.12 | facebooknycsocial mediaUNCpeter thielnetflixdonald grahamjim breyeraccel partnersobamamorgan stanleyAndreessen HorowitzMarc AndreessenZyngaMark ZuckerbergNingReed hastingsBill clinton

Facebook added a new member to its board in September and I missed the release. The cast of characters on the board of arguably the planet’s most powerful social media company is a bit scary because it implies the movies we watch and the sites on which we connect are controlled by a handful of men. 

Why do I think FB is more powerful than Twitter? Because FB already knows how to use our data and FB has the power of being a platform, for example, FB gets 30% of the revenue from Zynga (Mafia Wars, Farmville, Words with Friends…) much like Apple reportedly gets 30% of app revenue. 

According to the company Fact Sheet, these are the current board members: 

Mark Zuckerberg - needs no explanation

Marc Andreessen - co-Founder & General Partner of Andreessen Horowitz. You also may know a few companies he helped to start, namely Netscape and Ning.

Jim Breyer, partner, Accel Partners

Donald E. Graham, chairman and CEO, The Washington Post Company

Reed Hastings, CEO of Netflix

Peter Thiel, founder of Paypal

Erskine Bowles, President emeritus of UNC and co-chair of Obama’s National Commisson on Fiscal Responsibility and Reform. He is also on the board of Morgan Stanley. Under Clinton, he at different times served as chief of staff and administrator of the SBA. 

BTW, here’s a BusinessWeek piece on social media giants setting up shop in NYC’s Silicon Alley. This comes on the heels of a 12/2/11 FB announcement that it plans to open a NYC engineering office early this year. 

Does Boston Have A Tech Startup Vibe?

31.12.11 | 3 notes | googlestartupfacebooksilicon valleybostonnycfoursquareBostonSan FranciscoBay Areanetwork effectbabsonincubator

I’ve spent the last two weeks of 2011 on the West Coast, first in Juneau, Alaska, and second in the Bay Area. In Palo Alto and the neighboring towns, I saw the Google campus and the Google street view cars, passed many buildings that house major tech companies, such as Salesforce.com, and spoke to locals involved in major tech deals. What they seemed to say is that the Silicon Valley is the tech hub 1) because it’s where the money is (VC mecca?) and 2) people here are optimists that truly think they can change the world.

The way I see it from a macro perspective with very little background is that the major tech startups that have the benefit of a platform/network effect, such as Facebook and Google, are based here, whereas the burgeoning NYC startup scene is home to mostly software or application companies (Foursquare) that sit on top of Facebook or other networks, hence the network effect.

This made me wonder: where are the software and Web startups in Boston? We have amazing startups based in the Boston area like Zipcar, Constant Contact, Clover, Rue La La, and Living Proof, to name a few, but are we lacking when it comes to startups, specifically tech-based startups that aren’t hardware-based?

Boston has brains abound and access to money in Boston and New York but a need for a bit more risk appetite and confidence. I find people have a chip on their shoulders when Boston is compared to NYC and San Fran but there’s no need to compare. Boston is about four seasons, academia, and incubator labs. It’s about succeeding because of your passion and brain not your connections alone. I think the key is keeping innovators in Boston instead of losing them to NYC and the Silicon Valley.