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I am wired for war.
Elon Musk, biography
While other entrepreneurs struggled to develop a worldview, he developed a cosmic view.
Elon Musk, biography
He developed a fervor that cloaked his goofiness, and a goofiness that cloaked his fervor.
Elon Musk, biography
Elon Muskâs Biography
Published Tuesday, Iâm plowing thru author Walter Isaacsonâs latest tome of the only other entrepreneur, besides the late Wayne Huzenga, to scale three (or more) multi-billion-dollar companies in different industries. Not yet all public companies, like Wayneâs, Elon has also raced ahead as the wealthiest person on the planet (next to Putin!). Two clear takeaways:
We all have our wounds, itâs what you choose to make of yourself, moving forward, that counts. Though some of the book seemed contrived, so does Elonâs massive success â so maybe form and function align!
Battery Business
What I find amazing is that most articles fail to mention Elonâs battery business. Batteries are the key constraint in scaling up solar power and electric vehicles. If he can become the âIntel Insideâ of every vehicle, home, company, and country, that business will be bigger than all the others combined. To date:
And the list goes on. Smart that he keeps that business out of the news. What is the ultimate constraint in your industry and how do you control it?
Controlling the Constraints in an Industry
A critical lesson for all biz leaders/owners: Elonâs brilliance in identifying and controlling the constraints in an industry.
What are the constraints in your industry? Where do you have a 10x to 30x advantage? Reading his biography should spur some important insights.
One Business Leads to Another â $70 Billion Dojo Supercomputer
The iPod led to the launch of iTunes. Tesla (computer on wheels) has led to building supercomputers. Announced earlier this week, Teslaâs Dojo supercomputer added $70 billion to Teslaâs market cap, equal to BMWâs valuation! This Fortune article details what it is. How might you leverage your core competencies to launch yet another business?
Contrarian Review
The Guardianâs review of Elon Muskâs biography is quite biting (and somewhat accurate) â whence this opening line:
Who or what is to blame for Elon Musk? Famed biographer of intellectually muscular men Walter Isaacsonâs dull, insight-free doorstop of a book casts a wide but porous net in search of an answer.
As I read the rest of the review (and many others) I was reminded of Jim Collinsâ revelation that some of a firmâs true core values might be viewed as negative. Disneyâs need for total control of the experience is one that comes to mind. Itâs why our children didnât like Disney as much as Legoland where they could actually steer the cars and boats and bounce off barriers. It's worth 2-minutes to read The Guardianâs review before you spend hours reading or listening to the book.
Demon Mode
This Fortune article, published in late June, does an excellent job of describing what has been labeled Elon Muskâs demon mode, something Isaacson saw with other leaders like Steve Jobs. Notes the article:
By tapping into their âdark streakâ, Isaacson said that leaders were less weighed down with empathy and were able to focus on bigger-picture issues.
If it can be controlled, top coaches know the power a burst of anger can have at the right moment. But is it ever acceptable? Are there other ways? Iâm reminded of one of my favorite quotes âno one is worthless, they can at least serve as a bad exampleâ â a quote Iâve represented several times in my business and personal life. Elonâs biography has brought up these questions for me â maybe useful?
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Planning to Exit â Critical Whitepaper
Selling your firm, for its maximum value, is the most important negotiation in which a business owner will participate. You are typically negotiating with sophisticated buyers who have done hundreds of acquisitions whereas this is often your first rodeo. And these buyers have a formula for ripping you off â and it works, stealing tens of millions from you. Seeking help, owners discover the big M&A firms, especially those specializing in your industry, are more beholden to the buyers than the sellers (they will tell you otherwise). Email me to get a whitepaper on how to maximize your valuation and avoid the psychological games buyers play verne@scalingup.com.
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