My highlights from the book:
1. He had found a way to block out the world and dedicate all of his concentration to a single task.
2. “It is perhaps worth noting that those launch companies that succeeded also took their lumps along the way,” Musk wrote in a postmortem. “A friend of mine wrote to remind me that only 5 of the first 9 Pegasus launches succeeded; 3 of 5 for Ariane; 9 of 20 for Atlas; 9 of 21 for Soyuz; and 9 of 18 for Proton. Having experienced firsthand how hard it is to reach orbit, I have a lot of respect for those that persevered to produce the vehicles that are mainstays of space launch today.” Musk closed the letter writing, “SpaceX is in this for the long haul and, come hell or high water, we are going to make this work.”
3. One thing that Musk holds in the highest regard is resolve, and he respects people who continue on after being told no.
4. The most striking part of Elon’s character as a young boy was his compulsion to read. From a very young age, he seemed to have a book in his hands at all times. It was not unusual for him to read ten hours a day. If it was the weekend, he could go through two books in a day. The family went on numerous shopping excursions in which they realized mid-trip that Elon had gone missing. Maye or Kimbal would pop into the nearest bookstore and find Elon somewhere near the back sitting on the floor and reading in one of his trancelike states.
5. The individual doesn’t have to hold meetings, reach a consensus, or bring other people up to speed on a project. He just keeps working and working and working.
6. The man does not take no for an answer. You can’t blow him off. I do think of him as the Terminator. He locks his gaze on to something and says: It shall be mine.
7. There was a wooden pole perhaps thirty feet high with a dancing platform at the top. Dozens of people tried and failed to climb it, and then Musk gave it a go. His technique was very awkward, and he should not have succeeded, but he hugged it and just inched up and inched up until he reached the top.
8. Later in life, as I competed against the banks, I would think back to this moment, and it gave me confidence. All the bankers did was copy what everyone else did. If everyone else ran off a bloody cliff, they’d run right off a cliff with them. If there was a giant pile of gold sitting in the middle of the room and nobody was picking it up, they wouldn’t pick it up, either.
9. He would place this urgency that he expected the revenue in ten years to be ten million dollars a day and that every day we were slower to achieve our goals was a day of missing out on that money.
10. The aerospace companies tended to make supremely expensive products that achieved maximum performance. They were building a Ferrari for every launch, when it was possible that a Honda Accord might do the trick.
Learn from history's greatest entrepreneurs by listening to Founders. Every week I read a biography of an entrepreneur and find ideas you can use in your work.
Learn from history's greatest entrepreneurs by listening to Founders. Every week I read a biography of an entrepreneur and find ideas you can use in your work.