Jan Koum Quotes


Facebook, Google, Apple, Yahoo - there's a common theme. None of these companies ever sold. By staying independent, they were able to build a great company.


Citations

Koum, Jan. Interview by Kara Swisher and Walt Mossberg. D11 Conference, AllThingsD, 29 May 2013.

Related Quotes

He includes himself as one of the fanatics. It is not totally a negative term. But it does recognize a focus and intense singularity of purpose which ironically rarely involves making large amounts of money. This is generally a consequence of the great companies creation and development and not th purpose and focus. It i almost aways to produce a change in the way society functions.


Boeing had the foresight to invest in the concept of Air Mail by bidding low at the beginning, becoming the best in the nation, and then raising prices when no one else can compete—a technique called “buying in”. However, he was so successful that he soon had a monopoly on all the airmail in the country. Each new airmail contract would require more and more capability and Boeing used the existing contracts to finance the R&D and training of manpower to present a better and better service. Soon, no other company could compete at any price. Boeing indeed had a monopoly but each step of the building of it he did at the request of the government or was the low bidder and saved the taxpayer money. The airmail contracts were canceled and air service was nationalized. William Boeing was so disgusted by the way he was treated in the Congressional Hearings, that he sold his interest in the Boeing Company and would have nothing to do with making planes or providing services to the government thereafter.


Jan Koum
Jan Koum
  • Born: February 24, 1976
  • Nationality: American
  • Profession: Ex CEO WhatsApp & Managing Director In Facebook, Inc.

Jan Koum is a Ukrainian American billionaire businessman and computer programmer. He is the co-founder and was the CEO of WhatsApp, a mobile messaging application which was acquired by Facebook Inc. in February 2014 for US$19.3 billion.