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Editorial Invest in Slovakia
A young ambitious immigrant from South Africa whose business goal was to colonize Mars. Crazy? For some of us, yes, but not impossible for this scientist.
The new podcast will be about a not exactly classic businessman. Elon Musk and his social awkwardness, which many still accuse him of today, will be the central character of the following episodes. Even as a young boy, he got on the nerves of many because he was constantly correcting people around him on factual issues. What did he do to win us over? Listen. It's worth it.
A small but talented and smart kid for his size.
Elon first appeared in the media in 1984 as a 12 year old. PC and Office Technology magazine published an article about him and his game Blastar. It was a primitive racquet game, but pretty good for a little kid in the 80s. He got a $500 prize for it. He read so much that he was short of books, so he started reading encyclopedias. He invested his youth in education. Thus he laid the foundation for his vast knowledge and intellectual superiority.
I often think of electric cars. Do you think about electric cars too?
His interest in them has clearly not left him even after all these years. At a summer internship at the Bank of Nova Scotia, he met the manager's daughter. Years later, in an interview, she recalled that about the second sentence out of Elon's mouth that he ever said to her was this: " I often think of electric cars. Do you think about electric cars too?"
He didn't really "like" school.
At school, he started to work on solar energy, and wrote a thesis on it called The Importance of Using Solar Energy. His professor evaluated the thesis by saying that he had an admirable ability to handle real business plans and complex physics concepts at the same time. Elon Musk predicted that "the internet, renewables and space are industries that are going to see big changes."
He chose the path of entrepreneurship.
In 1995, he founded Zip2 with his brother. They merged gold sites and GPS maps to create a primitive version of google maps with contacts to various businesses and companies in the area. In 1999, they sold it for 307 million to Compaq. Musk walked away from the deal with $22 million. The 28-year-old programmer suddenly became an internet millionaire. He ploughed the money into his next project - X.com - the world's first electronic banking service.
The "Ithaca" war with Confinity.
Confinity, which leased an office on the same street as Elon. Their PayPal product was trying to do exactly the same thing as Xcom. The battle became a collaboration. But the company was in trouble. In 2001, they officially renamed it PayPal. Elon Musk still held 11% of stock. In July 2002, eBay bought them for $1.5 billion. Musk walked away with 250 million. In 2014, PayPal had 153 million users and a value of $32 billion. Today its market value is 192 billion. At this time, Elon began to look toward the stars.
SpaceX
In 2002, he founded his own company, SpaceX, which was to be an attempt at a new start in the space business. Each rocket was a disposable Ferrari. A modest warehouse building became a state-of-the-art engineering center within a week. Its first rocket was called the Falcon 1, which was to be capable of carrying a 600 kg payload at a cost of $6.9 million. It didn't take to the skies until 2008.
The perfect ability to find and entice talented young people.
He personally called the universities and asked for the best ones. He wasn't explicitly after unitarians. He mainly wanted those who had already developed their own initiative in the past. They had participated in competitions, assembled their own robots. He was simply looking for young engineers... and they were looking for him. Many of them were intensely interested in space, but before SpaceX, their job prospects were very limited.
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In the podcasts, we cover money, productivity, investing, as well as living a fulfilled and abundant life. Sources of information are world-famous books, videos, biographies, quotes from successful personalities, as well as real interviews with successful investors, entrepreneurs and inspirational peoplewho are achieving remarkable results.
We are interested in how these people think about money, what habits influence their daily lives, what they attribute their success to, but also what their biggest failures in life have been. We select only the best for you, and together we'll take a peek into the secrets of how to live a more successful, wealthy and productive life.
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