From $ 28k to $ 127.9 Bn in 25 years
Elon Musk
There are 2 guiding principles that really set him apart:
A 'First-Principles' framework
A powerful, powerful way of thinking, Musk is a great believer in the “First Principles” framework to solve problems.
> Identifying the common assumptions of a problem |
> Break the problem down to its fundamental truth |
> Use that fundamental truth to plot a new course First-principles in action at Tesla: + the most common assumption about car batteries was that it would cost $ 600 per KwH and most players accepted that it would not get better in the future. + the fundamental truth was that all the material constituents of the batteries were cheaper to source in the stock market and this would bring it down to $80 per kWh + now use this truth to think of clever ways to combine them into the shape of a battery cell. B
Take BIG bets
In the last 25 years, Musk has bet on an industry thesis than on just a commercial opportunity with all his chips.
Zip2
Sold to Compaq and reinvested to start X.com
|
X.com (later PayPal)
Sold to e-Bay and reinvested in SpaceX |
Tesla
Initial core team member and set options grants against performance goals Bankrolled operations to nearing personal bankruptcy
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SpaceX
Exploring the future of space travel
| The Boring Company
Exploring the future of urban commute and logistics Result >
He made his first Billion in 2012
> Wealth grew by 25 times by 2019 to $ 24.6 Bn
> Added $100 Bn more by 2020 #elonmusk #leadership #entreprenership
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