Coming up on June 12th, we are going to have the world's first trillionaire (Elon Musk) after the SpaceX IPO.
Looking at previous milestones, Bill Gates was the first to $100 billion ($185 billion in today's dollars) in April of 1999. Jeff Bezos was the first to $200 billion in August 2020.
Obviously, the first argument is how much money should sit with individuals as Elon would effectively join the G20 - the richest 20 countries of the world (in GDP) as an individual.
More interesting for me is the story (or system) behind this and what it means for the rest of the partner ecosystem.
How do more billionaires get formed in orbiting this opportunity? (excuse the space pun). How do more multi-millionaires form by rotating around each of these billionaires? And so on...
It is easy to dismiss Elon as a jerk - both in the Steve Jobs sense of management as well as many people's opinions on his foray into politics (DOGE) and acquiring Twitter.
As an analyst, in contrast, we think about algorithms, systems, methods, processes, workflows, and repeatable logic.
The Algorithm was the first book written by someone in Elon's close circle - the ex-President of Tesla about the "system" behind the story. What do we learn from this system? (both the good and the bad). How do we explain it to others?
Author Jon McNeill had already founded and sold six startups when Sheryl Sandberg introduced him to Elon Musk, who was looking for help at Tesla. McNeill was steeped in the lean principles that had made Toyota Motor Corporation a global powerhouse—principles focused on achieving efficiency and optimization by incrementally improving existing systems and processes.
What he learned from Elon at Tesla was its antithesis, an approach that required radical rethinking to explode the status quo, attack complexity, and set seemingly unrealistic goals.
--> Elon called this five-step framework “The Algorithm.”
Fun fact for our channel: - McNeil is also one of early funders/advisors of Cork alongside Datto legend Austin McChord and CEO Dan Candee. Cork is redefining how MSPs approach cybersecurity and financial promises to clients. I am also proud to be a company/board advisor.
Anyway, I don't normally recommend books - but grab this one and read it before June 12th to give you more context behind the scenes:
https://www.amazon.com/Algorithm-Hypergrowth-Formula-Transformed-Lululemon/dp/B0FFG5KFSK
It is easy to dismiss Elon as a jerk - both in the Steve Jobs sense of management as well as many people's opinions on his foray into politics (DOGE) and acquiring Twitter.
As an analyst, in contrast, we think about algorithms, systems, methods, processes, workflows, and repeatable logic.
The Algorithm was the first book written by someone in Elon's close circle - the ex-President of Tesla about the "system" behind the story. What do we learn from this system? (both the good and the bad). How do we explain it to others?
Author Jon McNeill had already founded and sold six startups when Sheryl Sandberg introduced him to Elon Musk, who was looking for help at Tesla. McNeill was steeped in the lean principles that had made Toyota Motor Corporation a global powerhouse—principles focused on achieving efficiency and optimization by incrementally improving existing systems and processes.
What he learned from Elon at Tesla was its antithesis, an approach that required radical rethinking to explode the status quo, attack complexity, and set seemingly unrealistic goals.
--> Elon called this five-step framework “The Algorithm.”
Fun fact for our channel: - McNeil is also one of early funders/advisors of Cork alongside Datto legend Austin McChord and CEO Dan Candee. Cork is redefining how MSPs approach cybersecurity and financial promises to clients. I am also proud to be a company/board advisor.
Anyway, I don't normally recommend books - but grab this one and read it before June 12th to give you more context behind the scenes:
https://www.amazon.com/Algorithm-Hypergrowth-Formula-Transformed-Lululemon/dp/B0FFG5KFSK
