Jon Erlichman

@JonErlichman • 440,220 subscribers

Ticker Take Founder. https://t.co/7XgWGjQNWy Inquiries: [email protected]

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Sam Walton was born this day in 1918. He felt solutions were found in break rooms not boardrooms. So he’d pilot a small plane to visit as many Walmart’s as possible. If a parking lot seemed empty, he’d land nearby and check in with the store manager.

On this day in 2008: Bear Stearns collapsed and was sold to JPMorgan for $2 a share. That was 1% its worth a year earlier. The Fed &amp; Treasury hoped it’d help avert a crisis. This employee warned it was just the start. 6 months later, Lehman collapsed.

“We’ve got to be excited about the future.” ~ Elon Musk

“If you’re going to do anything new or innovative, you have to be willing to be misunderstood.” ~ Jeff Bezos

Bill Gates jumped over a chair during a television interview in 1994:

“Go for the pain of discipline because it weighs ounces. The pain of regret weighs tons.” ~ Jim Rohn

On this day in 2012: Amazon acquired robot maker Kiva. A year later, it had 1,000 robots. Today, it has more than 1 million.

Estimated smartphone users worldwide: 2024: 6.9 billion 2023: 6.7 billion 2022: 6.4 billion 2021: 6.2 billion 2020: 5.8 billion 2019: 5.4 billion 2018: 4.9 billion 2017: 4.3 billion 2016: 3.6 billion 2015: 1.9 billion 2014: 1.6 billion source: statista

“Courage is the key to life.” ~ Morgan Freeman

On this day in 1984: Tetris released. Game Boy version came in 1989.

“If you feel safe in the area you’re working in, you’re not working in the right area. Always go a little further into the water than you feel you’re capable of being in.” ~ David Bowie

“Those who can, do. Those who can’t, talk about those who can.” ~ Denzel Washington

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$2,600 invested in Tesla’s IPO is worth more than $1 million today.

On this day in 2008: production starts for Tesla’s first vehicle, the Roadster.

10 years ago, Elon Musk predicted cars would later have no steering wheels. The audience laughed.

In 2018, a husband and wife pitched their business on Shark Tank. They wanted $400,000 for 10%. The only offer was $400,000 for 25%. They accepted and rebranded as Poppi. Pepsi just bought them for $1.95 billion.

On this day in 2012: Facebook’s IPO. Profit that year was $32 million. Today, it’s $32 million every 2 ½ years.

Lisa Su became AMD CEO in 2014. AMD was worth $2 billion. Today, it’s worth $1 trillion.

On this day in 2006: Jack Dorsey began programming Twitter.

The DeLorean released this day in 1981:

Ronald Reagan survived an assassination attempt in 1981. 6 years later, a balloon popped while he was giving a speech. Here’s how he reacted.

What dial-up internet sounded like:

“Become a master of overcoming hard moments. That is the sign of a champion.” ~ Roger Federer

2024 valuations: Nvidia: $2.2 trillion Intel: $132 billion 2009 valuations: Intel: $90 billion Nvidia: $5 billion

“Get toxic people out of your life.” ~ Charlie Munger

Google was founded this day in 1998. Their first investor wrote a check for $100,000 to help them get going. They went to Burger King for breakfast to celebrate.

Apple lost $1 billion in 1997. Steve Jobs returned to the company and spoke to developers at WWDC. When an audience member insulted him, he responded: “One of the hardest things when you’re trying to effect change is that people like this gentleman are right.”

In 2005, YouTube’s founders were sad because only 40 videos were uploaded. Today, YouTube generates $1 billion in revenue every 8 days.

Knight Rider debuted this day in 1982.

In 2003, Ben Affleck predicted Spotify and Netflix streaming before either existed.

Elon explaining Tesla’s pricing strategy in 2008:

Steve Jobs on how to resolve conflict:

On this day in 2008: Bear Stearns collapsed and was sold to JPMorgan for $2 a share. That was 1% its worth a year earlier. The Fed & Treasury hoped it’d help avert a crisis. This employee warned it was just the start. 6 months later, Lehman collapsed.