I would not start a new company in Silicon Valley today: Facebook CEO Mark Zuckerberg
Facebook Chief Executive Officer Mark Zuckerberg said in an interview that the tech behemoth wouldn’t be based in Silicon Valley if it were launching today. Zuckerberg made these comments at the Silicon Slopes Tech Summit in Utah on Friday.
Zuckerberg said when first moved to Silicon Valley, he was 19-years old and “didn’t know anything about building a company,” and that “at the time a lot of tools for building a company weren’t as built out as they are now.”
“Back then it was a lot more complicated,” Zuckerberg said.
He says it was difficult for Facebook to lease servers and data centers and most importantly, raising capital from investors. He said: “It really felt like it was going to be impossible.”
Source: The Indian Express