Dustin Moskovitz: the world's youngest billionaire

- In 2011, Facebook contributed six names on the list of the world's youngest billionaire on the Forbes ranking. Among them, Dustin Moskovitz emerged as the world's youngest billionaire after birth due to his close friend and also the founder of Facebook - Mark Zuckerberg - a mere 8 days.

Born on 22/05/1984, Dustin Moskovitz is a co-founder of social network Facebook is now the world's largest. Moskovitz owns 6% stake in the company. In addition, the young American entrepreneur is also famous as a founder and CEO of Asana, a software company that connects entrepreneurs and small businesses. Forbes estimated the present time, Moskovitz assets worth $ 2.7 billion.


Getting started with Facebook


Facebook is a lot of names mentioned in this article, this is essentially what Facebook? Facebook (or maybe a facebook post) is due to social networking services Facebook Group, Inc. owns and operates. It was first launched in 2004. As of May 1/2011, Facebook has over 600 million users. These services allow users to register personal account, add friends to the list of interactions, correspondence, participation in interest groups or alumni / staff.


Facebook was created as Moskovitz and his friends were students at Harvard University. That's why the original social network limited to the student community of the school. Over time, it is open to students from other top universities of the United States, for the general university, high school students and ultimately for everyone.


Back to Moskovitz. He majored in economics at Harvard University, but never completed his fourth year. After the first two years, along with a group of classmates, he left Harvard to the city Paolo Alto, California to develop social network Facebook. Moskovitz is the third member of the company.


At this point, it is impossible not to mention the beginning of a new career Moskovitz and his friends. Initially, the four friends together in the same room as Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz and Chris Hughes founded Facebook dorm room at Harvard University in their 2/2004. The name was originally the facebook, the social network that functions as an online yearbook help students find information boarding his friend in a different campus.


In May 6/2004, Zuckerberg and Moskovitz reserved a year at Harvard to move the operational base of Facebook to Paolo Alto and hire other employees working 8. Then, Sean Parker, co-founder of Napster music site known at the time, is also involved in projects of this group.


Moskovitz is the Technical Director and then as Vice President in charge of Facebook's first engineering. His role in the company's technical team leadership and supervision of the main structure of the site. He is also responsible for the strategic development of the company.


 

However, much like a typical American entrepreneur, Moskovitz not sit still for too long. On 3/10/2008, Moskovitz announced he will leave Facebook to Justin Rosenstein founded the new company.


Rosenstein is an engineering manager at Facebook Moskovitz recruited by hand. The young engineer had previously worked for the Google experience. In response to claims then Moskovitz, Mark Zuckerberg just said, "Moskovitz will always be remembered in Facebook, and I would always find myself to his advice when needed."


Hau Facebook


While both are doing at Facebook, Moskovitz and Rosenstein have collaborated to develop a software for the user object and purpose of business is to increase productivity in the workplace. They have the ambition to create an online service that "people will need to use it for their careers as much as they need Facebook to private life." The two main determining the value of the new company will be real, manly, forthright style and no hidden defects.


In January 11/2009, ie one year after leaving Facebook, Moskovitz called the $ 9 million cash investment from Benchmark Capital and Andreessen Asana Horowitz. Prior to that, he also received $ 1.2 million from other investors. Moskovitz new company attracted the attention of investors so decided to spend $ 10,000 to upgrade his equipment desk for engineers. New brainchild of Moskovitz has an army of powerful donors with a large advisory board, many of them are the managers, the employees worked for Facebook. Even the current members of the board are also present in Asana Facebook.


On 7/2/2011, Moskovitz and Rosenstein officially launched Asana - software applications are designed with the aim of improving cooperation in team work and project management. Asana helps users organize their work with an interface designed to update the news page. Like Facebook, Asana has many features to meet the needs of online social interactions of the user. The foundation of this application by the company engineers in the design of Moskovitz.


Development Strategy of Moskovitz's Asana start from enrolling a group of engineers world-class talent. This group does not need a large quantity, but not necessarily members in close contact and collaborate with each other. Strategy that contrasts with common strategies in companies and large corporations are tied to the results of the business objectives and organizational structure of many stages. In other words, Moskovitz looking for a few outstanding talent and to give them a very high salary in savings from the administrative departments become cumbersome.


Moskovitz also use some of Facebook's business strategy at Asana. Typical allocation strategy results for each employee. On Facebook, employee productivity is measured by the number of users on an employee at different times. The number of employees will always remain very small.


Currently, Asana has continued to recruit staff to develop the company. Future unclear Monday brainchild of Moskovitz will go, but for now, Silicon Valley American Informatics, Asana has been rated as remarkable phenomenon second only behind Facebook and social networking Twitter. Let's wish this young entrepreneurs achieve more success in the future!