Advertisement
Singapore markets open in 5 hours 49 minutes
  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     
  • S&P 500

    5,066.35
    -4.20 (-0.08%)
     
  • Dow

    38,437.19
    -66.50 (-0.17%)
     
  • Nasdaq

    15,692.46
    -4.18 (-0.03%)
     
  • Bitcoin USD

    64,176.37
    -2,552.14 (-3.82%)
     
  • CMC Crypto 200

    1,386.89
    -37.21 (-2.62%)
     
  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     
  • Gold

    2,333.30
    -8.80 (-0.38%)
     
  • Crude Oil

    82.86
    -0.50 (-0.60%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     
  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     
  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     
  • Jakarta Composite Index

    7,174.53
    +63.72 (+0.90%)
     
  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Ex-Facebooker reveals how the ‘cult’ of Silicon Valley really works

Ex-Facebooker reveals how the ‘cult’ of Silicon Valley really works

With an inside look at Silicon Valley's "cult"-like culture, one author poked some holes in how technology gurus get ahead.

"If I were to criticize anything about Silicon Valley, it's this sort of assumption of meritocracy: that if someone succeeds, it was due to skill alone," said Antonio Garcia Martinez, author of "Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley." "When the reality is that happenstance, faith, luck and timing all play a role."


Entrepreneurs know how to craft a narrative that depicts their journey from steely-eyed vision to flawless execution, Garcia Martinez told CNBC's " Squawk Alley " on Friday. But behind the scenes, there's a lot of flailing and floundering, he said.

ADVERTISEMENT

In contrast, Garcia Martinez said he saw plenty of gritty, dogged entrepreneurs who didn't become success stories — and some who did.

"Watching this process happen was really one of the more courageous and inspirational things that I saw in Silicon Valley," he said.

"Chaos Monkeys" aims to be an "irreverent" expose from a founder-turned-Facebook (NASDAQ: FB) employee and Twitter (NYSE: TWTR) advisor. But he did have reverence for one of his old bosses in particular:

"I think [Facebook CEO Mark] Zuckerberg is a genius," Garcia Martinez said. Facebook did not immediately respond to CNBC's request for comment.

He also had high praise for Facebook's chief operating officer Sheryl Sandberg , who he said manages all of Facebook's "competing egos." Still, while the enthusiasm at companies like Apple and Facebook may be "cult"-like, Garcia Martinez said it works.

"I believed in it just as much as anyone else at Facebook," he said. "In fact, that, I think, is Mark Zuckerberg's genius: He created this company and culture where everyone is motivated to give everything for a really ambitious vision."



More From CNBC

  • Top News and Analysis

  • Latest News Video

  • Personal Finance