Great leaders and great salespeople know what other people need before they do. Mark Zuckerberg saw the big picture when he spent $16 billion to purchase WhatsApp in February (and, more recently, $2 billion to acquire Oculus VR).
People said Zuckerberg grossly overvalued WhatsApp, even though the startup is set to reach 1 billion users by year’s end. With the $1 annual service fee users pay, Zuckerberg could make $1 billion, meaning he stands to earn many times his investment and push Facebook’s stock prices up even further. Zuckerberg saw potential in WhatsApp, and leaders need this type of long-term vision.
Image credit: CC by Joe Dyndale