YouSaid · the spoken record

Nicola Mendelsohn

lines on the record: 123
first: 2022-08-15
most recent: 2022-08-15
sittings or episodes: 1
sources: podcast

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“It's a strange one, actually. It's a pair of soft tracks bottoms of all things because they To have a pet scan, you need comfy clothing, and you need things without metal in it. And I didn't have a pair of sweatpants that had that. And so I had to actually go and buy some on the day before on that Sunday before the Monday. And so whenever I see them and they're in the bottom of the wardrobe it does just take me back to that moment and so yeah who'd have thought paris wetpants?”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Different parts of the world, and we're doing things together that we never dreamed that we might be able to with all the foresight that we have, with the knowledge and intelligence and the awareness of what we see, that actually it will be even more extraordinary when this fully realized version is built. And I know you're going to be in there and I know you're going to have a world that's going to be all singing and all dancing. You'll have your dining room in there.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“So I'll start with the deeply personal, which is that I hope that I will be blessed to be lucky enough to be a grandma at some point. And I'm saying now, kids, if you're listening, no pressure, get there in your own time, but family is really important to me. And I think there is no one richer than someone that has of multi-generational family. So I hope that I will be blessed. that through the work of the foundation that we've created to find a cure for follicular lymphoma that we will find curer cures in my lifetime that matters hugely to me and then I look forward Steve to you and I doing another one of these in the future where we're doing it in the metaverse”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“My husband, who also has four children and a big job, has never been asked that question ever. And he does conferences and podcasts and all the rest of it. So it's a woman's question. And the assumption behind and the bias is that if I have a job, then I must be a bad mum. That's really. And so even the simplest of things like that is a bias that we have to call out because it just puts another level of guilt onto the woman that she doesn't need to have. Now, if you say, how, you know, you can ask the question in a different way. Top tips were these things, et cetera. And in many ways, that's been the nature of the whole of this conversation. But it's that one just irks me.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“He really didn't want to do it. I sort of had to force him. And he took his time. I took a couple of months and he came back after and he said, thank you. He said, if you hadn't have said that to me, I wouldn't have done it. And honestly, it was the very best thing I could have done for me and my family. But also to give the guys a moment to go, you're not going to get fired if you go on paternity leave. That's going to be okay.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“There's a lot of things that are going on at that time. And it goes back to, it's a time where a lot of women drop out. It happens to do with having babies, maternity, etc. And again, as an employer, having strong policies in this area, you create the most loyal of talent that wants to come back if they feel that they've been part of it. I've promoted women when they've been on maternity leave on a regular basis because you think if you've got top talent just because they're out for a few months doesn't mean that they shouldn't be rewarded for what's gone on before. So having those behaviors that people see, but it's actually not just about the women as well, it's about the men. If you've got paternity policies, I remember a conversation I had with one of my senior leaders where he hadn't taken his paternity leave. And I said to him, if you don't take your leave, none of the men that work for you will be able to do that.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Training day every year where you come and you just listen and you laugh and you cry and you're inspired by the women that are basically sharing their stories”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Can call it out. I mean, one of the things that we see more than anything around a table. Look for the woman who's not speaking. I mean, sometimes they even physically do it. They don't take their seat at the table. Cheryl Sandberg talks about this, you know, on the lean in. It's like, first of all, make sure you're actually sat around the table. Don't take one of the seats that are at the back of the room. Then if you're not hearing from different people, and this was really noticeable through the pandemic on Zoom, the people that just sat there and were quiet, I think the onus actually should be on the leader to say, I'd love to hear your point of view on that. What do you think and invite them into the conversation? I think having more senior women in a company tell their story and make an intentional space for the younger women in career to be able to hear. Those are the things that I think are also important. And then for you to say where you didn't get it right, where you might have had moments where you had your own learning moment that you're not afraid to share and give resources. Give resources. I mean, Wackle does an amazing, amazing.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Grace Beverly, who I know you know and have interviewed so that they can see that it could be possible for them to do so. And they share their advice, they share their top tips, they share the things they wish they'd have known in order to inspire the next generation. And this is just not a nice thing to do. This is something Alison Rose, who is the CEO of Nat West Bank. She did something called the Rose Review, and she said that if women were to set up businesses at the rate that men are setting them up, it would add two hundred fifty billion pounds to the economy. So we need these women. We need these women to go out and set up businesses. And honestly, it's one of the best things that I get to do in my job is to go meet these women that have set up businesses and have been empowered because of our platforms.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“The reason this matters is, I mean, there's so many reasons. It's important to me because, you know, being a mum of a girl as well as three boys, I want Gabby to have exactly the same opportunities as my boys do. And so much of society has said that can't be so. Whether it comes to the allocation of funding for businesses getting set up, whereas you look for role models out there. And so this book we created was deliberately designed for people younger in career to be able to look up because the importance of relatable role models is so, so important. If you can see someone just above you that's done it, then it will give you the inspiration to think, well, maybe I could do something like that too. And so this book brings together very successful business leaders, but also women that are just starting out with new businesses as well, the likes that have come from Instagram, the creators.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“So Shimin's business is something that we set up in 2016 in the UK, but it's actually now something that runs all around the world. And it's a meta-enable program, which is to basically encourage more women to set up businesses because women actually set up businesses at half the rate that men do. And so in the last five, six years, we've now trained over a million and a half women, equipping them with digital skills, giving them new networks to be able to get out there and to feel confident in setting up their businesses.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Even though they made those, which we have, yes, no, we've got them certainly at home, we've got them. But if I'm on the road, yeah, it's definitely next to me.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“In and out is the honest answer. In and out. So I was really good when the kids were younger about putting it into the hallway. And as I've started to travel more, it is a bit too near, if I'm honest, because I'm doing that excuse of it serves as my alarm clock.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“It's a rush of adrenaline. It's the moment before you do something to go, all right, you've done the prep, you've got this, it's good just to kind of get ready. It's like a getting ready moment and then you go. And then it kind of helps. It helps you go there because I think if perhaps it doesn't happen, then maybe you're not going to be on your A game and maybe that's not a good thing”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I think what we've talked about them, each of the firsts of the jobs, I think were definitely Another one was when I took on my first position, if you like, in the industry, which was when I was asked to be the president of Wackle in the UK, which is the Women in Advertising Communications of London Club. It's a 100-year-old networking club for women in the industry that's gone through its own metamorphosis. And so suddenly I'd gone from being Nicola in just in an agency to having this position across the industry to inspire women, to bring women together and to chart what it means to be part of a women's club in this era and what needs there might be. And so, yeah, I practiced, I prepped, I really thought long and hard. A lot of the things that we talked about, I went and met all the past presidents. I got the advice from them as to what they wanted. I talked to existing members what they wanted. So I really did my homework so that when I came to that moment of setting out my vision for the year as to what I was going to do, I felt prepped. I was still nervous.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“And I think you have to go, why do you think that? Because if you have the data to say, well, other places don't feel that. And here's all the reasons why I feel passionate and proud of what I'm doing. Show me the path that gets me there. And so if it's a yearly pay conversation, maybe look to see if you could do something in six months or set out other criteria in terms of what matters and what's important”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Not just thank you, but I've been out and I've looked at the market and I understand now that my value is this. And these are all the things that I've done that I'm really proud of and that I've been successful. And these were the KPIs that I think that you set me. And thus, this is what the equation should be. And then probably there'd be a bit of a negotiation, but at least I'd be in with a start, right? Whereas I had. And I was just like, thanks.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“That and also to not assume that people know what you want either because sometimes you do know what you want and you're sat there going, I hope they're going to suggest it and not to say it. People don't do that because they are scared. And again, I go, what's the worst that can happen? You can ask for it and they'll say no. And then you've got a judgment call. Do I want to stay in a place that said no or are they giving me a trajectory for what I need to do in order to get there? Or actually, is this a wake-up call to say, actually maybe I should look at something different?”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I think it is, but I think it's also about doing your homework, knowing what matters to you, knowing what's important, questioning if these are the things that matter to you. And these are the opportunities you want. This is the pay rise that you think you should have. I mean, my first couple of pay rises, I just said thanks, that's great. I mean, that's terrible, right? I had absolutely no idea of what my own worth was. And so I just said, thank you. I never went in in those early pay rise conversations once a year, reviews to think about, was I happy on the accounts that I was on? I just said thanks. I would not give that advice to anybody. I just wouldn't. I think that's a terrible thing to do. I think you should know those things. And then the onus is on you to make sure you do the homework on your career because nobody else is going to do that.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“I absolutely do, and again, here's where the data wins arguments, because if you have more diverse boards at the tops of companies, you have more successful companies. And I do think there's an element where you don't have groupthink and you have different people around the table. It brings in some of these types of ways of being and ways that form a culture. Culture is formed top-down and bottom-up, but so much of it is from the cues of the leaders at the top as well. showing that vulnerability, being so open, bringing your whole self allows other people to do so as well.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“That you have, or it still can be in certain companies taboo to talk about the fact that maybe your parent isn't well or your child isn't. I mean, that's crazy. So allowing the space and the culture within companies to be who you are and to know the things that matter to you ultimately allows people to be higher performers, which ultimately means that they'll do better in their jobs and they'll be happier in their lives.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Because if you're trying to be other things, you're just not doing a very good job. And if people don't know what else is going on in your life, I mean, look at all the things that we've talked about today. If people didn't know I had, you know, I was dealing with health issues at different times. And maybe in my performance wasn't so good at that time, then I'm going to be judged unfairly for where I am in that time, as opposed to let's just have an honest conversation. I'm old enough now, I'm 50, but I remember some of the days of the women that came before that would leave a handbag and a coat on the back of a chair to pretend they were still in the office when actually they popped out to go and pick up the children or do something but were scared to show that because it was a sign of weakness if you were actually being a mum. I mean it sounds ridiculous but there are still companies where that sort of behavior is happening and so the fact that we can be in 2022 and it's still taboo to talk about a disease”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Also, you know, to have some fun along the way. I think that's really important. I think when I first started work, there was this thing about works really serious and it is serious and it matters. But you spend your most amount of time with the people that you work with. And one of my other favorite posters is that meetings are made for laughter. And so sometimes if you can just take the tension out and just break it a little bit, I think that's something that's important as well.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Look at something and know, and then if something isn't going well to stop it and to have the humility to say we try something, it didn't work, and then to be able to move forward and to role model that as well and not to be afraid to say, I did that and it didn't go so well, let's now go and do, let's go and do something else. Those are a few of the things. Others will add other things, I'm sure.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Others will say But I think it's around that I start that I lead with empathy and that it really matters to me to understand who the people are that I'm working with and what motivates them and what doesn't and to have a different style that can work with each of them to motivate them to be the very best that they can be. I'm always looking to understand that. I think I set pretty clear deliverables and expectations and I really spend the time with my core team. I absolutely believe in the frequency of a regular one-to-one meeting where we can learn to get those constant updates where I can give advice. But I've always got the clear North Star, I've always got written what I think the deliverables will be. I'm not afraid to pivot and to change my mind if that I see evidence and data. There's a poster at wall data wins arguments. I like that because I think it's true that you can really”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Your perspective, I'll put people around me and ask them for advice mentors, sponsors, you know, fashionable words that get used. But it's really people that perhaps are a couple of years ahead of you or older that kind of done these things before to learn from and to be inspired by and to change them around as well. I think those things help.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“I think it's about understanding what you enjoy. I think it starts there. And then whether you're playing what you're intrinsically good at in those areas as well. Because actually sometimes people are good at things but don't enjoy it. And so ultimately that will not make you as fulfilled or as happy as you can be. Often you're not the best judge of yourself. And so finding people around you, either family and friends, but actually also work colleagues that can start to say, what is it about me that's good? What is it about me that maybe isn't so good? Help me understand those things better. And then you start to create a stronger version of yourself or vision of yourself that you can then can work through. I've always through my career had my own sort of board of advisors. It's an informal thing. When I'm doing different things where I need a different point of view.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“And the business has grown extraordinarily that they now employ seven more people as a result of it. Now there is no point advertising that to a cat lover or to somebody that doesn't have a pet. That's pointless. But it's that personalization that works. And that's one of the things that I think has been so fantastic about the meta platforms is that it has allowed small businesses, as well as large, but really significantly small businesses to be able to reach customers that perhaps might not have known about those products, not necessarily just in the cities that they live in. But actually, in other countries around the world as well, where people want those products. And we're constantly refining and improving the attribution and the measurement that you just talked about. And we're seeing some really good results accordingly.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“I knew you were. So there's a dog hotel that you can go to endorse it. Now that's a great ad if you want to send your dog to Ghana have a kind of a staycation and go and get made up. And it's run by a wonderful woman who has foster children as well. And they are all working together, running this business that advertises on solely on Facebook, I believe.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“So you're absolutely right. The changes that Apple made in terms of what they allowed to happen really impacted small businesses. And that was something we were very vocal about and something that we talked about. And it was almost as though there was this thing that you couldn't have personalized advertising and privacy. You absolutely can. And it was almost as though personalized advertising isn't a good thing. It's a fantastic thing. You know, I think about, you know, my own personal feeds, the fact that I get to discover brands and businesses that I would never have known about, that's a really good thing because it's good for the business because you're finding the new customers. It's good for the customer because you're finding new things as well. And it's good for the other people that never see those ads because they never should see them because they're not relevant to them. I saw recently a, I don't know, you are a dog lover, aren't you?”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“And just to be able to have that community and that sense of togetherness is something I could never have had, and especially through this last couple of years where we physically couldn't see people for so much of it. I mean, thank goodness for Portal, quite frankly, because that became a regular thing in my family in terms of how the grandparents could connect with the kids, couldn't connect with the different children where they were at different times. That was something that was really important”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“I think it goes back to you're in control of the things that you follow, you're in control of the people that you want to engage with on there. And you can be very choiceful about that. I look at my, you know, if I think about my Instagram or my Facebook, it fills me with joy because they are my friends and my family and some are all over the world.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Doing constant research with young people as well to make sure that we're understanding where people are today. And of course, we're very clear on the fact that we want them to come on the platform to connect with their friends, to connect with the music and the sports and the things that they care about, but also the fact that we can provide the resources for parents as well. I think that's also important.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“I think look I think for one of the things that we've done And this is an area that, of course, we take unbelievably seriously. We start with the fact we don't want children on the platform unless they're over 13. I think that's really important and we do a lot to take kids off that are younger than that and we can pick that up through things like AI, et cetera. But it's also working through some of the tools that we have for kids as well. I mean, we have parents' hubs and I think it's important that people know that these are places that parents can go to get the resources to understand how to have the conversations with their children as well. We have things we work very closely with charities all over the world, especially when it comes to young people. We've created products that say things like take a break and that you can set time limits for yourself and give yourself a nudge. We've got things like if it looks like someone's going to write something mean, it gives you a nudge and go, are you sure you want to write that? And so we're working with those charities, as I say.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“He is. He passionately believes in the vision, the mission. The ability for people around the world to be able to connect together for businesses, small businesses, the smallest of businesses, to be able to have the same abilities to reach customers as the largest businesses in the world always could do, and that sort of evening out of things all over the world, he passionately believes in that. He's driven by that. And then, you know, I think about Marcus, as you said, the husband, the dad, the son, extraordinary human being. And the fact that, you know, his pledged all of his money away to charity, to cure diseases, I mean... I think it's pretty extraordinary to have made some of those decisions in the way that he has. I personally find him inspiring. I find him courageous. I find him”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“That's a pretty cool thing. Then, of course, you get the feedback that people go, well, what if I want to hug someone? I'm like, oh, we've just built that product so you don't have to. So then you have to build different things. And as well, because you take the feedback”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“The emojis are the same, you know. Yeah, and so it's a journey, right? So I think those are some of the things. Another one that we've been very intentional about is about protecting physical space because you have the ability in the metaverse to feel the social presence. I mean, that's one of the amazing things about it that you genuinely feel like you are in the presence of someone and hanging out with them. And so being very clear, and one of the things we've built is a personal boundary space so that people can't come into, it makes you feel like you've got about four foot around you. And if they come too close to you, it kind of pushes them out.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I think it's an important question. I think about the fact that we're being very intentional, we're building diversity and equity into all of our products and everything that we do. I am unbelievably proud of the fact that you go in today and you want to create your avatar and there's over a quintillion different versions of avatars that you can create. I don't know if we would have had that 10 years ago. The fact that you can have that can be very intentional about some of these things that people can represent themselves as they want to be represented, I think is really important. You know, normally you would, you know, years ago, you would start with, you know, it's a white man. And then you would go from there. Well, that's not very inviting.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“But we're already seeing how it's impacting for good things like the health industry and medicine where we're seeing surgeons now already training and doing operations in VR and practicing. And the stats are saying that they're coming out as better surgeons than people that are just getting the odd. That they can kind of experiment, and that kind of makes sense as well. And then from the business side, and you asked about brands, the opportunity it's going to create for creators and whole new jobs that we can't even imagine yet that don't exist, I think the crater economy is going to be something that we're going to see a really significant uptick in, more people being able to make money through creativity.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, this is just so exciting because it is going to impact everything. I think about the fact that my grandchildren will finally learn in a different way than I learnt at school. And the fact that they will be able to have an immersive history lesson or immersive geography lesson where they can actually go for a scuba dive, swim and see what the coral reefs are like or walk down the streets of ancient Jerusalem as it was then and have that brought to life. I mean, that looking up and looking around and seeing what that, I mean, totally going to disrupt education in a positive, exciting way.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“That's fabulous, right? The fact we can have a hug and all the rest of it, those things are great. I never want to replicate that, but if you have got the ability to be able to step into another world to see things that perhaps most people would never be fortunate enough to see, you know, the barrier reef, mature picture, wherever those things are, that's pretty extraordinary how we educate in the future. You can't change what's going to happen when it comes to technology and progress. But I think there is another aspect that I think that we've learned from what's happened in the last 20 years, which is that technology can be used for good and bad. And so let's get ahead now early doors before this thing is fully realized. Let's create guardrails, which is something that we as a company are doing. We're putting money out there working with academia, working with governments, etc., to start to work out what the guardrails should be so it doesn't come as a surprise that it's actually something that we can build for intentionally from the get-go.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“So we're already in a digital world. And so that's a fact and that's a reality and how we live within that, I think is the important question. And our vision of the metaverse isn't one where we're going to increase. It just is more about the time that you spend online can be so much more enhanced. But to be clear, there is nothing better than sitting with you in your dining room right now.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so it's the next iteration of the internet, one that is much more immersive, one that can allow you to do things that you couldn't do perhaps in real life or enhance that. It's going to be a continuum of things. It's not going to just be one thing. People often think it takes you straight to this VR immersion, but actually it's a continuum of everything from how you use your phone. You know, it uses AR, VR, uses AI. And it's going to, in the same way that Web2 has impacted so many different aspects of our lives. So this will too as well.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Now it's so totally exciting. And because we're now in a really interesting period, which is we're old enough to have seen what, you know, the first iterations, the first couple of iterations of what the internet were. And we're now at the beginning of this third phase, the metaverse Web3, all of this coming together that wouldn't have been possible before because the technology wasn't there. And a lot of the technology still isn't there. We're talking about something that's still going to be probably five to ten years off before that really immersive experience for many is realized. And so to be right in at the early doors, I just think is super, super exciting. And to be one of the companies that will hopefully help to shape that.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, so I found out earlier I was one of the team that obviously found out a bit earlier. And I just remember just going, oh my God, I absolutely love this. And it basically picks up on a lot of what we've just talked about. I love the boldness. I love the name. Absolutely love the name. I saw that it addressed pretty quickly, you know, some of the challenges that we saw about the fact that, as I said, the company's 17 years old and started just as Facebook. And we had Facebook as the company and we had Facebook as the biggest app. But by now we were all these other apps as well Instagram, WhatsApp, you know, portal, Oculus Quest, et cetera, Messenger. And there was a lot of confusion around it. So I thought not only did it solve that, but then to show as a kind of a new North Star for the company. We'd always been a social technology company. And this is kind of a new way of how people are going to communicate, live.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, it is. And he does a weekly Q&A for the whole company where the company can ask anything. And it's interesting because, you know, we're learning as a company as well. We're 17 years old. Some of the questions get repeated week in week out because you've got new people coming. And so now we answer some of those by riding about it. But he's very open about it. And he talks about what we're learning. He brings in other leaders to share how they're doing on some of the challenges. you know, after every earnings as a company meeting where we're setting out the vision as to where we see the next year. So everyone's really clear about what the North Star are, what the priority areas for the company are, and what everybody can do to contribute their part to each one of those company priorities.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Absolutely. And a different example of it is on the shift to live video when that was first becoming a thing, Mark called what we call a lockdown and moved resources on the engineering side from whatever they had been working on. And it's not like those things weren't important that they were working on to be able to then work on this product. So convinced was he of it. And when we go into lockdown, it's kind of, it's like hackathons, it's day and night. People are kind of going for it. And it's, you know, you set a clear time period with the deliverables and the expectation when the deliverables happen.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“No, I think it's more about the culture that's created that allows people to fail and talks about that with openness and vulnerability. If we tried this and it didn't work, but if we're not setting ambitious goals, then we wouldn't not be failing. We have to fail as a tech company to get to those bigger North Stars. But the key thing is to make sure that we're taking the learnings from those failures and then applying it and telling the stories of those things as well. So you create a safe environment for people to go, well, I'm going to do this thing and I'm going to go all in because this is my hypothesis of why it will work. And then if it doesn't have the self-reflection to go, why didn't, what can we learn? What's the debriefing that needs to happen? And we take learnings from so many different places, you know. The military is a great one that, you know, when operations don't, all operations, good and bad, they debrief directly after. That's kind of a muscle that we also have as well. And that just keeps making us better.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, it was. I think mobile is the first time that we, that strength of leadership and that pivot really came through. And in the actions that he had, because lots of leaders talk stuff, but then don't follow through with the action. And the fact that, you know, back in 2012, 2013, Mark turned around and said, you know, Facebook was built late. So it was built on desktop. It wasn't mobile first. We need to shift the company to mobile. And so the product guys were still coming in with desktop innovations and he stopped them. And, you know, for two weeks, he didn't have any meetings because nobody had any mobile application to share with him of how this was going to work. And so by being really clear as to what the expectations were, people were able to move very quickly in terms of what the deliverables. And we've seen it time and time again since then. So, you know, the shift to video, the shift to stories, and now the shift to reels that we're going through.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT
“In those things, in terms of what he plants, in terms of where the North Stars are, no question. And then he's really clear. He gives very clear direction as to what's important, what matters, where the trade-offs are going to be, and what he expects of people. And I think having that clarity of, you know, the things that we're going to measure the company against or the individual against, those are really important things. And, you know, growing up in agencies, as we both did, those were things that didn't really exist. It was all done on touchy feely. How's that person doing? And if you weren't, you know, if you weren't kind of in that crowd, then it was hard for people. Whereas working matter, you've got really clear objectives as to what you need and should do. And the fact that everybody has them means that we can point towards the North Star and in this case the building, our part in the building of the metaverse.”
2022-08-15 · The Diary of a CEO · VP Of Meta: Running A Trillion Dollar Business With An Incurable Illness: Nicola Mendelsohn · IDENTIFIED FROM THE TRANSCRIPT