Facebook’s early employees give up stable jobs

NEW DELHI: Facebook, the most successful start-up of the last decade, is only six years old, and an initial public offering is still a way off. But a number of Facebook’s early employees are giving up their stable jobs, free food and laundry service to build their own businesses.

Many of them are leaving as wealthy, either on paper or after cashing in their ownership stakes to do what they say they like best: start companies. Dustin Moskovitz, 26, who co-founded Facebook with his Harvard roommate Mark Zuckerberg, left his job on Facebook’s technical staff to create Asana, which makes software that helps workers collaborate.

Another Facebook co-founder, Chris Hughes, also 26, has started Jumo, a social network for “people who want to change the world.”

Dave Morin, formerly the senior platform manager, is building Path, a still-secretive venture, while Adam D’Angelo, who was Facebook’s chief technology officer, and Charlie Cheever, another senior manager, set off in 2008 and 2009 respectively to start Quora, a question-and-answer site. More than half a dozen start-ups can trace their origins to Facebook alumni.

The departures follow a familiar pattern among other Silicon Valley successes like Yahoo, eBay and Google. After amassing fortunes, early employees start walking out the door. PayPal’s have gone off to start YouTube, Slide and Yelp, and staked Facebook. They are known as the PayPal Mafia. Google’s former employees are called Xooglers. Mr. Morin, who left Facebook this year, offered this suggestion: Facebook Society. “We’re social,” he explained.