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Quit worrying about Twitter: Elon moves quickly before refining

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작성자 Co♥♥♥♥♥♥♥♥♥♥♥♥♥♥ 작성일23-01-12 14:47 조회27회 댓글0건

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문의내용 Elon's rides start rough, but then...

Elon Musk has never been so hated.

They don’t get Elon.

He began using PayPal in this manner.

He began with SpaceX in a similar manner.

He began with Tesla in this manner.

Disruptive.

Elon had rocky starts. His creativity requires it. Just like writing a first draft.

His fastest way to find the way is to avoid it.

PayPal's pricey launch

PayPal was a 1999 business flop.

They were considered insane.

Elon and his co-founders had big plans for PayPal. They adopted the popular philosophy of the time, exchanging short-term profit for growth, and Leadership pulled off a miracle just before the bubble burst.

PayPal was created as a dollar alternative. Original PayPal software allowed PalmPilot money transfers. Unfortunately, there weren't enough PalmPilot users.

Since everyone had email, the company emailed payments. Costs rose faster than sales.

The startup wanted to get a million subscribers by paying $10 to sign up and $10 for each referral. Elon thought the price was fair because PayPal made money by charging transaction fees. They needed to make money quickly.

A Wall Street Journal article valuing PayPal at $500 million attracted investors. The dot-com bubble burst soon after they rushed to get financing.

Musk and his partners sold PayPal to eBay for $1.5 billion in 2002. Musk's most successful company was PayPal.

Read full article here: https://int3gr.it/UP2k

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