Took a class on venture capital last year and the instructor mentioned the phrase
The latest thing launched in the last 20 years is the most profitable in the last 20 years.
(This sentence sounds like ordinary, expand the meaning of a lot.)
Think about the last twenty years of profitable industry is what?
-- real estate, Internet, cell phones, e-commerce ......
In fact, this sentence also implies the following meaning:
The industry that makes money is also booming almost twenty years, you see what is engaged in the most as hot as the time, that its life expectancy is also close to, is about to start going downhill.
Standing in front of the threshold of 2023, still jumping to the Internet, real estate, both personal and corporate behavior, are lazy and risky.
Musk, regardless of the popularity of the current stage of investment success, his terrible thing is that he has been taking a completely new path, let others play the rest of his play -
Musk started Zip2 (google maps + Yelp) with his brother in 1995, and Compaq bought Zip2 in 1999.
1999 Musk co-founded http://X.com (online banking), 2000 http://X.com Confinity, which was later merged into PayPal and acquired by eBay Inc. in 2022.
2002 Musk founded SpaceX (space exploration technology company).
In 2004 Musk invested in Tesla (pure electric car company) and became the chairman.
In 2006, Musk founded SolarCity (solar photovoltaic power generation company).
He received the full support of the government, sole proprietorship, like a giant catfish, entered this pool on a rapid expansion whale of a road that no one has ever seen before and no one is currently coming, impacting and squeezing the original automotive industry and the trend of getting rid of regulation.
It uses all-out running and solitary to maintain its industry benchmark status, eliminating itself every day from yesterday, instead of focusing on the competition.
SpaceX, on the other hand, successfully launched a rocket in 2008.
Before the satellite is not an easy thing for a country, but his private company can do that.
He keeps inovation and never do things old.