The Leverage Gap
In 2005, a 21-year-old Mark Zuckerberg wasn't worried about Google. Here's why. Google served 250 million page views a day. They had hundreds of thousands of machines and 5,000 employees.
Facebook served 400 million page views a day. With hundreds of machines. And 50 employees. The math spoke for itself.
"At no point in the past could you leverage such a small amount of money to touch people in the way you can today."
Smart People Are the Only Thing That Matters
As technology gets cheaper, the leverage point shifts to people. Servers are commodity. Code is commodity. The only thing that's not commodity is intelligence.
Zuckerberg's strategy was simple. Stay small. Stay fast. Hire the smartest people you can find. Zero bureaucracy. Let them build cool things. A 50-person company with brilliant engineers will outrun a 5,000-person company with meetings.
"As technology becomes more generic and less expensive, the leverage point becomes the people. It's really important to get the most intelligent people."