Why is there only one Elon Musk? Why is there so much low-hanging fruit?
guzey.com
guzey.com
There is a set of people with the capacity to be a Musk (or at least to take a visionary approach to things).
There is a set of people who become wealthy enough to try at an early enough age.
The absolute numbers of both sets are small but still there are many people in each group.
The intersection is however, extremely small.
This is a problem.
All kinds of people raise funds. Most of them don’t get results.
One reason may be that they just aren’t as capable as him, but the other is that they are beholden to the people who funded them and aren’t really making their own decisions.
One way to think about the difference is to consider whether Boom’s CEO would be allowed to start 3 other companies while Boom is still a startup? The answer is no.
Musk is in a very different position from just ‘someone who raised money’.
They forgot also the 99th percentile in dishonesty.