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heyhey! AXMR

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1999. ELON MUSK GETS HIS FIRST MILLIONS AND A $1M SUPERCAR... BUT HIS BIGGEST FEAR THAT DAY WASN'T LOSING THE MONEY 7am. a truck stops outside a small apartment and a 27-year-old Musk watches a McLaren F1 roll off the back "there are 62 McLarens in the world and i will own one of them" "it's a million dollars for a car. it's decadent" he'd just sold Zip2 to Compaq for ~$307M. his cut: ~$22M then he says the line that tells you who he is: "just 3 years ago i was showering at the Y and sleeping on the office floor" his fiancée Justine is standing right next to him. a new millionaire with a new supercar. and this is what he's worried about: "my fear is that we become spoiled brats. that we lose a sense of appreciation and perspective" he knew exactly what the money could buy: "i could go and buy one of the islands in the bahamas and turn it into my personal fiefdom" "i'm much more interested in trying to build and create a new company" and he meant it. he put "the great majority" of his net worth into an online bank almost nobody believed in his own words: "it's sort of like a series of poker games" "i haven't gone and taken my winnings... i've just put almost all of it back into the new game" became paypal. paypal turned into ~$180M. the $180M went into spacex and tesla. you know the rest and the car? a year later, Peter Thiel in the passenger seat, on the way to pitch Sequoia. Musk floors it. the F1 spins and goes airborne. no insurance. both walk away napkin math: the toy: $1M in 1999. F1s now sell for $20M+. ~20x the chips he pushed back on the table: ~$22M. today: hundreds of billions. four more zeros the island: still just an island the only time he ever cashed out, he bought a car. everything else went back into the game 26 years later the richest man alive sleeps in an airstream. the 27-year-old who was scared of becoming a spoiled brat never let it happen

tickmind

1,090,436 просмотров • 18 дней назад