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And since you actually work for Facebook, I used to be wondering what you considered that. Jon Fougner: Yes, I think that’s amazing. And obviously, I don’t work with Peter Thiel. Look, I believe, whatever we can do to promote innovation is great. Professor Robert Shiller: And I’d add, it isn’t as risky as it might seem, because Yale will back again take you, if it fails in after some duration. Jon Fougner: One of our very early employees was a Yalie, who got acquired an undergraduate experience somewhat like you’re describing, where, I believe, he had actually used some time off to focus on startups.
I think he returned, finished his degree, and is currently somebody at Benchmark, one of the firms that I experienced on that glide. Professor Robert Shiller: Well, while they’re thinking, can I ask you-I emphasized the primary values at Goldman Sachs, and it hits me that Facebook differs totally. Or maybe I’m wrong.
Can you tell me, what are the core values at Facebook? EASILY were to learn that list that I simply gave you from Goldman Sachs, how would it not appear to the Facebook people? Jon Fougner: Yes, so I think there are variations and similarities. Now, in conditions of the day-to-day experience, I really do think they’re quite different. I think that what I’m doing now is quite a bit more creative. Professor Robert Shiller: You’re not doing spreadsheets. Professor Robert Shiller: You’re carrying it out, still.
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Jon Fougner: Yes, less. And I love the creative side of the work really. And so, which means that sometimes you make mistakes, and it’s no secret that we’ve made mistakes, and some of them have been big mistakes. And we try to reduce the number of times that happens just, try to fix them as soon as they actually happen, and you need to be honest about them, and acknowledge them when we make them.
Professor Robert Shiller: MAY I ask a question of the class? The example is set by you. Just how many in this class are engineering majors? Not many. Like 5% maybe. Think about research majors? That appears like 10%. See, you’re kind of in an executive company, right? I mean, I don’t know what Facebook is exactly, but is some kind of department here there? Why aren’t there more engineers in this class?
Jon Fougner: That appears like a question for the class. Professor Robert Shiller: Well, I can’t ask them, because they’re not here. Jon Fougner: All the engineers, who aren’t in the area, what makes you not in the available room? Professor Robert Shiller: But I mean, is there a big cultural difference?