
Distinguished HBS alumn Mark Pincus (photo courtesy of Joi*)
Last week I had the opportunity to hear Mark Pincus, CEO of Zynga (the company that makes Farmville, in case you didn’t know) speak to a group of Harvard Business School students who were visiting Silicon Valley over their winter break. Mark and I were in the same class at HBS (class of ’93) and while he and I have both started several companies since then, he’s made something of a greater name for himself. OK, I’ll admit it – a lot greater!
Mark has started four companies – Freeloader, which was bought out after 7 months, Support.com, which was profitable and successful for 10+ years, Tribe, which never grew beyond a niche market and was bought by Cisco, and now Zynga, which at the moment is looking to be his biggest success of all. In addressing the HBS students, Mark talked about becoming an entrepreneur, his success, and the lessons he’s learned about creating a sustainable company.
Here are my notes:
- To make Zynga successful, Mark has had to learn all those management skills that bored him so much when he was in business school.
- You can’t run a company of more than about 150 people on personality alone. You have to have goals and processes.
- In his first 3 companies, Mark was being opportunistic about starting companies. With Zynga, he’s intentionally trying to create an “internet treasure” –one of those companies that’s around for 20 or 30 years, and people can’t remember life without it (like Amazon or Facebook).
- At one time, Mark thought the HBS practice of teaching each kid to be a CEO was silly, that these kids need to learn to pay their dues. But now that he’s a CEO, he realizes that he needs more CEO’s. He advocates that you be a CEO in your job, whatever it is. Your boss should be able to go away and not touch base with you for a year, and then come back and be impressed with what you’ve done. And if your boss hasn’t given you a clear enough vision for you to do that, he’s not doing his (or her) job.
- Zynga sets quarterly goals at the corporate level, and then rolls those down to employees so that each person knows his or her role in reaching that goal. Some quarters it works better than others.
- Being an entrepreneur means failing, like a batter will strike out more than he will hit. A true entrepreneur will fail often. It’s important to be able to quantify success, and let a business go if it’s not successful. Mark said he held on to Tribe way too long.
- Mark said several times that his advice is to know your goals, although he admits he didn’t really have a clear goal until after 40. I would comment that perhaps for some people (Mark, me) it takes until after 40 to learn what your true goals are. Lucky are those who know their goals early in life!

A Farmville post on Facebook. Farmville has over 65 million players.
On the funding process:
- Mark repeated a number of comments that he’s blogged about.
In particular he emphasized that entrepreneurs should keep control of their company and should seek board members/investors who will be partners, not bosses. If an investor doesn’t like the idea of the entrepreneur keeping control, go find someone else (much easier to say when you have a few successful startups under your belt, of course. ) And of course, this rule, which is well taken by anyone regarding any document: - Don’t email potential investors your powerpoint. Don’t email anything you wouldn’t want posted on the web for all your competitors to see.
- If 3 VC’s say the same thing about your company, you can stop there, as the next 10 will say the same as well (true in my experience.) Instead get your smartest friends together, and if they wouldn’t invest in your company, pull the plug.
- If you construct your agreements right, VC’s can be great partners. And raising money is important for security. Even if your company is profitable, having money in the bank prepares you for the unexpected – and lets you sleep at night.
On the press:
- It was important to Mark that the hype about Zynga and social gaming didn’t outpace the reality, so for a couple of years the company’s goal was to stay out of the press. Once the company’s success brought it into the press on its own, they realized that only their competitors were talking about them, and it was time to start proactively telling their story.
- Being on the cover of magazines is no fun. It’s fun the first time, and it’s fun when your mother is impressed. But the third time, you just get weird calls from people you haven’t heard from since high school. And after that, the fun wears off. But you have to sacrifice yourself to become the face of the company.
*Note: we have video, but are experiencing technical difficulties publishing it. In the meantime, this photo courtesy of Joi on Flickr.
I’m very excited to announce that I’ve taken a position as Director of Marketing at 
















