John Clifton “Jack” Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group and is credited with creating the first index fund. Bogle was an advocate of long-term patience over short-term action, investment over-speculation, and the reduction of broker fees as much as possible.
Stephen Schwarzman (born February 14, 1947) is an American businessman, investor, and philanthropist. Stephen is the Chairman, CEO, and Co-Founder of Blackstone, a global private equity investment firm he established in 1985 with former chairman and CEO of Lehman Brothers and US Secretary of Commerce Peter G. Peterson. As of 2020, the Blackstone Group total assets under management were approximately US$619 billion.
The best executives are made, not born. They absorb information, study their own experiences, learn from their mistakes, and evolve.
As of March 27, 2021, Stephen Schwarzman is worth $23.8Billion according to Forbes Magazine. He holds a B.A. from Yale University and an M.B.A. from Harvard Business School. He has served as an adjunct professor at the Yale School of Management and on the Harvard Business School Board of Dean’s Advisors.
Michael Bloomberg is the majority owner and co-founder of Bloomberg L.P. He was a three-term New York City Mayor from 2002 to 2013 and was a candidate for the 2020 Democratic nomination for the United States president. According to Forbes, Bloomberg is the 16th-richest man globally, with a net worth of $USD 59 billion as of March 13, 2021.
He got his start in 1966 on Wall Street at the securities brokerage Salomon Brothers selling stocks. He rose to become a general partner at the firm but was fired in 1981, after Phibro Corporation bought Salomon Brothers. Bloomberg was paid $10 million for his equity stake in Salomon Brothers, and he used the windfall to start his firm Bloomberg L.P.
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. The firm is known for its Bloomberg Terminal. The company has 167 locations and nearly 20,000 employees.
“There are many reasons why some succeed and others don’t, why some just continue to grow and others spurt up and, as quickly, collapse. Three things usually separate the winners from the losers over the long term: time invested, interpersonal skills, and plain old-fashioned luck.”
Ted Turner (born November 19, 1938) is an American Media Entrepreneur, sailor, and philanthropist. As a businessman, he is the founder of the Cable News Network (CNN), the first 24-hour cable news channel. In addition, he founded WTBS, which pioneered the superstation concept in cable television, which later became TBS.
Ted started his entrepreneurial journey when he took over his father’s billboard business, Turner Outdoor Advertising, he took over in 1963 after his father’s suicide. He later purchased the Atlanta UHF station in 1970, which was the start of Turner Broadcasting System, Inc. an American television and media conglomerate. Among TBS’s main properties were its namesake TBS, TNT, CNN, Turner Classic Movies (TCM), Cartoon Network and Adult Swim, and TruTV.
CNN pioneered 24-hour cable news, covering the Space Shuttle Challenger disaster in 1986 and the Persian Gulf War in 1991.
Elon Musk was born (June 28, 1971) to a Canadian mother and South African father and raised in Pretoria, South Africa. He briefly attended the University of Pretoria before moving to Canada when he was 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received dual bachelor’s degrees in economics and physics. He moved to California in 1995 to begin a Ph.D. in applied physics and material sciences at Stanford University, but dropped out after two days to pursue a business career.
He co-founded Zip2, a web software company, which was acquired by Compaq for $307 million in 1999. Musk then founded X.com, an online bank. It merged with Confinity in 2000, which had launched PayPalthe previous year and was subsequently bought by eBay for $1.5 billion in October 2002.
In May 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and lead designer. He joined Tesla Motors, Inc. (now Tesla, Inc.), an electric vehicle manufacturer, in 2004, the year after it was founded, becoming its product architect that year and its CEO in 2008. In 2006, he helped create SolarCity, a solar energy services company (now a subsidiary of Tesla). In 2015, he co-founded OpenAI, a nonprofit research company that aims to promote friendly artificial intelligence.
In July 2016, he co-founded Neuralink, a neurotechnology company focused on developing brain-computer interfaces. In December 2016, Musk founded The Boring Company, an infrastructure and tunnel construction company focused on tunnels optimized for electric vehicles. In addition to his primary business pursuits, he envisioned an open-source high-speed transportation system known as the Hyperloop based on the concept of a vactrain.
Elon is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO, and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI. He was elected a Fellow of the Royal Society (FRS) in 2018. Also that year, he was ranked 25th on the Forbes list of The World’s Most Powerful People and was ranked joint-first on the Forbes list of the Most Innovative Leaders of 2019. A centi-billionaire, Musk became the richest person in the world in January 2021.
At the age of 10, he developed an interest in computing while using the Commodore VIC-20. He learned computer programming using a manual and, by age 12, sold the code of a BASIC-based video game he created called Blastar to PC and Office Technology magazine for approximately $500.
In 1995, Musk, his brother Kimbal, and Greg Kouri founded web software company Zip2 with funds from a group of angel investors. The company developed and marketed an Internet city guide for the newspaper publishing industry, with maps, directions, and yellow pages.
Compaq acquired Zip2 for $307 million in cash in February 1999. Musk received $22 million for his 7 percent share from the sale.
X.com – Confinity – Psypal
In March 1999, Musk co-founded X.com, an online financial services and e-mail payment company, with $10 million from the sale of Zip2. One year later, the company merged with Confinity, which had a money-transfer service called PayPal
Musk was ousted in October 2000 from his role as CEO (although he remained on the board) due to disagreements with other company executives over his desire to move PayPal’s Unix-based infrastructure to a Microsoft one.
In October 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk received $165 million. Before its sale, Musk, who was the company’s largest shareholder, owned 11.7% of PayPal’s shares.
The “PayPal Mafia” is a group of former PayPal, ‘
employees and founders who have since founded and developed additional technology companies such as Tesla, Inc., LinkedIn, Palantir Technologies, SpaceX, Affirm, Slide, Kiva, YouTube, Yelp, and Yammer. Most of the members attended Stanford University or University of Illinois at Urbana–Champaign at some point in their studies.
Space Exploration Technologies Corp.(SpaceX) is an American aerospace manufacturer and space transportation services company headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars
In May 2020, SpaceX launched its first manned flight, the Demo-2, becoming the first private company to both place a person into orbit and dock a crewed space-craft with the ISS. Furthermore, it marked the first time an American astronaut was launched from American soil on an American rocket since the end of the Space Shuttle program.
Founded in July 2003 as Tesla Motors, the company’s name is a tribute to inventor and electrical engineer Nikola Tesla. Elon Musk, who contributed most of the funding in the early days, has served as CEO since 2008.
As of 2019, Elon Musk is the longest tenured CEO of any automotive manufacturer globally. As of December 31, 2019, Musk owns 38,658,670 shares or 20.8% of all Tesla shares.
Musk provided the initial concept and financial capital for SolarCity, which his cousins Lyndon and Peter Rive co-founded in 2006. By 2013, SolarCity was the second largest provider of solar power systems in the United States.
In 2016, Musk co-founded Neuralink, a neurotechnology start-up company to integrate the human brain with AI. The company is centered on creating devices that can be implanted in the human brain, with the eventual purpose of helping human beings merge with software and keep pace with advancements in artificial intelligence.
The Boring Company
On December 17, 2016, while stuck in traffic, Musk tweeted “[I] am going to build a tunnel boring machine and just start digging …” He then founded ‘The Boring Company’ (TBC).
The Hyperloop is a proposed mode of passenger and freight transportation, first used to describe an open-source vactrain design released by a joint team from Tesla and SpaceX, although the vactrain concept was first proposed by Robert H. Goddard in 1904.
In December 2015, Musk announced the creation of OpenAI, a not-for-profit AI research company. OpenAI aims to develop artificial general intelligence in a way that is safe and beneficial to humanity
Erdal Arıkan (born 1958) is a Turkish professor in the Electrical and Electronics Engineering Department at Bilkent University, Ankara, Turkey. In 2013, Arıkan received the IEEE W.R.G. Baker Award for his contributions to information theory, particularly for his development of polar coding. In December 2017 he was honored with the 2018 Richard W. Hamming Medal. In June 2018, he received the Shannon Award.
Andrew Carnegie (November 25, 1835 – August 11, 1919) was a Scottish-American industrialist, steel magnate, and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history.
The Carnegie family had left their home in Scotland and come to America when Andrew was 13. Andrew worked first in an American textile factory, then as a Morse code telegrapher, and then for the railroads. He served as an assistant on the Pennsylvania Railroad in the 1850s while still in his 20s. There, he learned sophisticated business management techniques—dealing with distributed assets, levels of trustworthiness, strict accountability, unforeseen problems, and cost-effectiveness. He showed a great talent for buying successful stocks, taking advantage of what we now call insider trading, which was then legal.
David Goggins (born February 17, 1975) is an American ultramarathon runner, ultra-distance cyclist, triathlete, motivational speaker, and author. He is a retired United States Navy SEAL and former United States Air Force Tactical Air Control Party member who served in the Iraq War. His self-help memoir, Can’t Hurt Me, was released in 2018.
David Goggins is one of my favourite endurance athlete, he lives is truth and his book Can’t Hurt Me, was very inspiring. Goggins has completed over 60 ultra-marathons, triathlons, and ultra-triathlons, setting new course records and regularly placing in the top five. He once held the Guinness World Record for pull-ups completing 4,030 in 17 hours.
The only man in history to complete elite training as a Navy SEAL, Army Ranger, and Air Force Tactical Air Controller, he went on to set records in numerous endurance events, inspiring Outside Magazine to name him “The Fittest (Real) Man in America.”
Anyone can become an expert in anything in six months, whether it is hydrodynamics for boats or cyclonic systems for vacuum cleaners. After the idea, there is plenty of time to learn the technology.
Sir James Dyson OM CBE RDI FRS FREng FCSD FIEE( born 2 May 1947) is a British inventor, industrial designer, landowner and entrepreneur who founded Dyson Ltd.
According to the Sunday Times Rich List 2020, he is Britain’s richest person with an estimated net worth of £16.2 billion. The 73-year-old engineering entrepreneur, whose groundbreaking vacuum cleaner launched in 1992 led the way for his subsequent redesign of hairdryers, air purifiers, and fans, admitted that his team could not find a way to make the car commercially viable.
In 2017, Dyson launched the Dyson Institute of Engineering and Technology.
William Vincent Campbell Jr. (August 31, 1940 – April 18, 2016) was an American businessman and chairman of the board of trustees of Columbia University and chairman of the board of Intuit. He was VP of Marketing and board director for Apple Inc. and CEO for Claris, Intuit, and GO Corporation.
Bill Campbell called “The Coach” as he was coach to some of the brightest minds in silicon valley such as Larry Page, Sergey Brin, Eric Schmidt, Jonathan Rosenberg and Sundar Pichai at Google, Susan Wojcicki at YouTube, Steve Jobs at Apple, Brad D. Smith at Intuit, Jeff Bezos at Amazon, John Donahoe at eBay, Marissa Mayer at Yahoo, Jack Dorsey and Dick Costolo at Twitter, and Sheryl Sandberg at Facebook.
Big Things Starts Small
Jeffrey Preston Bezos is an American Internet Entrepreneur, Media Proprietor, and Investor. He is the founder and CEO of multi-national technology company Amazon. According to the Forbes wealth index, Jeff Bezos is the first centi-billionaire and he has been the world’s richest person since 2017 and was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018.
According to Forbes, Bezos is the first person in history to have a net worth exceeding $200 billion. Jeff Bezos is one of my favorite people worldwide for his relentlessness, curiosity, initiative, and sense of adventure. Jeff has a continuous improvement orientation and often finishes his letter to shareholders with “It is always Day One.”
Bezos came across the statistic that the web had been growing by more than 2,300 percent each year. He decided that he wanted to get aboard that rocket, and he came up with the idea of opening a retail store online, sort of a Sears catalogue for the digital age.
Efficiency is doing things right; effectiveness is doing the right things. – Peter Drucker
Peter Drucker (November 19, 1909 – November 11, 2005) is considered the father and founder of modern management. He was an Austrian-born American management consultant, author, and educator, whose writings contributed to the philosophical and practical foundations of the modern business corporation.
He is one of the best-known and most widely influential thinkers and writers on the subject of management theory and practice. His writings have predicted many of the major developments of the late twentieth century, including privatization and decentralization; the rise of Japan to economic world power; the decisive importance of marketing; and the emergence of the information society with its necessity of lifelong learning.
‘In most areas of intellectual life nobody can quite agree who is top dog. In management theory, however, there is no dispute. Peter Drucker has produced groundbreaking work in every aspect of the field.’ – Good guru guide’, Economist, 25 December–7 January 1994.
All results are on the outside. The inside is only cost and effort. – Peter Drucker
From 1971 until his death, he was the Clarke Professor of Social Science and Management at Claremont. Claremont Graduate University’s management school was named the Peter F. Drucker Graduate School of Management in his honor in 1987 (later renamed the Peter F. Drucker and Masatoshi Ito Graduate School of Management). He established the Drucker Archives at Claremont Graduate University in 1999; the Archives became the Drucker Institute in 2006. Drucker taught his last class in 2002 at age 92. He continued to act as a consultant to businesses and nonprofit organizations well into his nineties.
“With the possible exception of Henry Ford, Sam Walton is the entrepreneur of the century.”- TOM PETERS, co-author of In Search of Excellence
Henry Ford was a man of vision who revolutionalized the automobile industry with Model T and, in the process becoming one of the richest men in America.
Henry Ford was an American industrialist and business magnate, founder of the Ford Motor Company, and chief developer of the assembly line technique of mass production. By creating the first automobile that middle-class Americans could afford, he converted the automobile from an expensive curiosity into an accessible conveyance that profoundly impacted the landscape of the 20th century.
His introduction of the Model T automobile revolutionized transportation and American industry. As the Ford Motor Company owner, he became one of the richest and best-known people in the world. He is credited with “Fordism”: mass production of inexpensive goods coupled with high wages for workers.
‘Whether you think you can, or you think you can‘t–you‘re right.- Henry Ford
In his great seminal book, Think and Grow Rich, Napoleon Hill writes on some of the qualities that made Henry Ford one of the most influential entrepreneurs of the 20th century.
A few years back, Ford decided to produce his now famous V-8 motor. He chose to build an engine with the entire eight cylinders cast in one block and instructed his engineers to produce a design for the engine. The design was placed on paper, but the engineers agreed, to a man, that it was simply impossible to cast an eight-cylinder gas engine block in one piece.
Ford said, “Produce it anyway.”
“But,” they replied, “it’s impossible!”
Patrick Collison (born 9 September 1988) is an Irish billionaire entrepreneur. He is the co-founder and CEO of Stripe, which he started with his younger brother, John, in 2010. Patrick is one of my favorite silicon valley entrepreneurs, not only because he and his brother are building something great but because he is one of the most voracious reader in the valley.
In November 2016, the Collision brothers became the world’s youngest self-made billionaires, worth at least $1.1 billion, after an investment in Stripe from CapitalG and General Catalyst Partners valued the company at $9.2 billion.
Here are some thoughts of some other entrepreneurs on Patrick Collision:
“Patrick is quite literally one of the smartest people I’ve ever known. Like, he puts Larry Page on his heels smart. I don’t know anyone who has 1) read more books and 2) has the near photographic memory for what he has read. His thoughts are provocative and challenge the status quo. His success is no accident.”
If you were to look at my cheat sheet, there wouldn’t be a lot on it. There would be a tennis ball, a circle, and the number 30,000.
Drew Houston of Dropbox is one of my favorite silicon valley entrepreneur; he attributes a lot of his success to his belief that everything is figouratable. In the early days of starting dropbox, when he needed to figure something out, he went to amazon.com and bought the top-rated books on the subject, he read the books, and he then tried to apply the principles to his business.
Andrew Houston is an American Internet entrepreneur, and the co-founder and CEO of Dropbox, an online backup and storage service. According to Forbes, his net worth is about $2.2 billion. He attended Acton-Boxborough Regional High School in the 1990s. He later graduated with a degree in Computer Science from the Massachusetts Institute of Technology (MIT), where he was a member of the Phi Delta Theta fraternity. It was there that he met Arash Ferdowsi who would later go on to be co-founder and CTO of Dropbox.
During his time in college, Houston co-founded a SAT prep company. Houston and Ferdowsi co-founded Dropbox in 2007. Houston currently is CEO and 25% owner of Dropbox. In February 2020, Houston joined the board of directors of Facebook, replacing Netflix CEO Reed Hastings, who left in May 2019.