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Facebook's engineering lead for the 'Like' button earned $750M for 17 months work
Posted on 5/25/20 at 11:12 am
Posted on 5/25/20 at 11:12 am
quote:
In May 2007, Rosenstein left Google to become an engineering lead at Facebook, working closely with Mark Zuckerberg and Dustin Moskovitz. He was technical lead in charge of Facebook's Pages, the Facebook Like button, and Facebook Beacon. He was compensated with 4,863,335 Class B shares (worth $730 million at $150/share), which he deposited into a trust.
In October 2008, Rosenstein left Facebook to co-found the collaborative software company Asana along with Moskovitz.
He had earned 3-quarters of a billion dollars before he had turned 25.
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Posted on 5/25/20 at 11:14 am to rickgrimes
Some people just get into the right field at the right time.
This post was edited on 5/25/20 at 11:14 am
Posted on 5/25/20 at 11:14 am to rickgrimes
quote:
Rosenstein
Posted on 5/25/20 at 11:15 am to rickgrimes
Well, they weren’t worth $150/share in 2007, so the headline is very misleading.
Posted on 5/25/20 at 11:16 am to rickgrimes
So this is the frick that’s responsible for people being ridiculously self-centered
Posted on 5/25/20 at 11:16 am to rickgrimes
quote:
He had earned 3-quarters of a billion dollars before he had turned 25
Yea but after taxes it was less than half a billion
Posted on 5/25/20 at 11:17 am to rickgrimes
That stock wasn’t worth shite in 2008. Their IPO was in 2012 at $38 per share.
Posted on 5/25/20 at 11:18 am to FAP SAM
quote:
Yea but after taxes it was less than half a billion
It’s less than that actually.
quote:
He has also committed to giving away most of his wealth to philanthropic causes in his lifetime, inspired by The Giving Pledge.
quote:
Rosenstein is vegan.
Posted on 5/25/20 at 11:19 am to rickgrimes
quote:
In October 2008, Rosenstein left Facebook to co-found the collaborative software company Asana along with Moskovitz.
If i had that much money... you'd never see my fat arse again... and I damn sure wouldn't be working and founding new companies.
Posted on 5/25/20 at 11:20 am to rickgrimes
I always like reading about the invention of seemingly simple or mundane, everyday things in our lives. My favorite may be the story of the guy who invented Post-It Notes for 3M. It was initially for his wife to easily mark pages in her books and Bible.
Posted on 5/25/20 at 11:21 am to The Third Leg
quote:
That stock wasn’t worth shite in 2008. Their IPO was in 2012 at $38 per share.
Almost 5 million shares at even 20 cents is still pretty good pay for 17 months. Privately held companies have stock values, despite not being publicly traded.
Posted on 5/25/20 at 11:23 am to Errerrerrwere
quote:
Errerrerrwere
quote:
Yeah joke's on him!
Posted on 5/25/20 at 11:24 am to castorinho
quote:
Yeah joke's on him!
If he plans to give it all away before he dies?
Yeah. It is...
This post was edited on 5/25/20 at 11:26 am
Posted on 5/25/20 at 11:26 am to Scruffy
quote:
Some people just get into the right field at the right time.
There’s a huge amount of luck involved with anyone who is incredibly loaded and successful like that. People just like to say it’s all hard work and perseverance because it allows them to believe they can do it too.
Posted on 5/25/20 at 11:28 am to TH03
quote:Truth, especially for insane money like that.
There’s a huge amount of luck involved with anyone who is incredibly loaded and successful like that. People just like to say it’s all hard work and perseverance because it allows them to believe they can do it too.
Creating a company from ground up definitely takes hard work, but this dude is worth hundreds of millions and he created the “like” button.
That is some lucky shite right there.
Posted on 5/25/20 at 11:39 am to Scruffy
Companies like Facebook and Amazon surely were one wrong decision away from failing in the beginning. Luck definitely plays a huge role. But I do firmly believe the saying “the harder you work, the luckier you are”
Posted on 5/25/20 at 11:42 am to TH03
Survivors theory or whatever
Posted on 5/25/20 at 11:48 am to rickgrimes
quote:
Rosenstein lives in a cooperative living space in San Francisco's Mission District, called Agape.[20] He has also committed to giving away most
Weirdest part to me.
Nearly a billionaire and he lives in a nerd dorm.
Posted on 5/25/20 at 11:53 am to Scruffy
quote:
Truth, especially for insane money like that.
Creating a company from ground up definitely takes hard work, but this dude is worth hundreds of millions and he created the “like” button.
That is some lucky shite right there.
I'm a leadership, business operational/success junkie. If there's been a book written about it...I've likely read it (e.g. Gladwell, Covey, Maxwell, Duhig). I'm always fascinated about what caused the "jump" for these people. Some of it's timing, some of it's location, some of it is meeting the right mentor...but most had some inflection point.
There's no denying that these uber-successful people are incredibly smart, driven people. But there's also a "right-place, right-time" component". In Rosenstein's case...he grew up in the Bay Area and was in his early-20's at the height of the boom...getting in on the ground floor at Google. The young-adult with the same intelligence in Houston is likely a O&G engineer.
Posted on 5/25/20 at 12:02 pm to TH03
Yes, but got to give props to what his great-grandfather, Arnold pulled off 101 years ago.
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