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Richard Branson

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57
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2018-11-26
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2018-11-26
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  1. So I think I said last week I'm obviously familiar with what venture capital is. I've never heard the idea of branded venture capital. And so his idea is, hey, we have all this money. We have a great brand. Let's do a bunch of 50-50 partnerships. And I'm saying 50-50. Most of them are 50-50. Some of them, there's obviously different breakdowns. But his preference is 50-50 partnership. So people are bought in. Sometimes it's 5149. And we're going to find people that are either from within the organization or outside. We'll partner with them. And we'll run a bunch instead of thinking about the virgin group as one company. It's a small collection of loosely affiliated three. Last time I checked, it was like 400 companies. I don't know what it is today. And in this book, he gives a couple different numbers. Sometimes it's 100, 200, 300, and so on. So I'm not exactly sure the exact amount, but you get the basic idea. And then what happens is these tiny companies as they grow, they're...

    2018-11-26 · Founders · #48 Finding My Virginity: The New Autobiography by Richard Branson · IDENTIFIED FROM THE TRANSCRIPT · source

  2. And sometimes I feel as like found We can fall in love with our idea and stick to it as if it's the only one out there. And it's just a good reminder that it's not. Okay, so it says, you know, sometimes one company came out of a completely unrelated business. He's just describing that with student magazine into the mail order record company, which then turns into record shops, which then turns into a recording studio, which then turns into a record label that he sells for a billion dollars 20 years in the future.

    2018-11-26 · Founders · #48 Finding My Virginity: The New Autobiography by Richard Branson · IDENTIFIED FROM THE TRANSCRIPT · source

  3. When I was a wide-eyed teenager or a mail order record company was set up in a couple of days, and even more complex businesses like Virgin Atlantic went from idea to lift off in a matter of weeks. Generally, we like to work fast, try ideas, see if they stick, and if they don't quickly move on to the next one. I work best when my mind is able to jump from one topic to the next in quick succession. It keeps things lively, and it's amazing how often good ideas from one company come out of another company's unrelated businesses. We talked a little bit about this last week with second order effects.

    2018-11-26 · Founders · #48 Finding My Virginity: The New Autobiography by Richard Branson · IDENTIFIED FROM THE TRANSCRIPT · source

  4. The Virgin Group had grown from a couple of companies to more than a hundred, and I had gone from a struggling hippie to a proud father and businessman. My mind was starting to wander to other projects, fresh ambitions and bigger dreams. It was time for a new start and to look to the stars. Many experts will tell you it tends to take a year to get a business off the ground. From the initial idea through planning, market research, development, and launch. Personally, I've always disregarded this rule.

    2018-11-26 · Founders · #48 Finding My Virginity: The New Autobiography by Richard Branson · IDENTIFIED FROM THE TRANSCRIPT · source

  5. Okay, so I'll talk more about that at the end. Let me go ahead and jump into the book, and we're just going to pick it up right in the year 1999. And this is what he's calling the start of his third career. Necker Island, New Year's Eve, 1998. I was in my bedroom trying to make an urgent to-do list. With the end of the year approaching and the end of the millennium looming, I find myself both reflecting back and looking forward. As so often during my life as an entrepreneur, I really had no idea what was coming next. I had created and sold the biggest independent record label on the planet, and fought doggedly to build Virgin Atlantic into the best airline in the world.

    2018-11-26 · Founders · #48 Finding My Virginity: The New Autobiography by Richard Branson · IDENTIFIED FROM THE TRANSCRIPT · source

  6. I hope finding my virginity will be similar. If your life is one long success story, it won't make for a good read. What's more, you're most likely a liar. We all have ups and downs, trials and tribulations, failures and triumphs. We just hope to come out stronger on the other side. The late Steve Jobs, the entrepreneur I most admire, said My favorite things in life don't cost any money. It's really clear that the most precious resource we all have is time. That thought has been on my mind as I write this book, thinking back to all the good times and tough times behind me, and looking forward with wonder at what lies ahead. I've always lived every day as if it's my last, fiercely loving my family and friends and trying to make a positive difference. We only get one life, and this is mine.

    2018-11-26 · Founders · #48 Finding My Virginity: The New Autobiography by Richard Branson · IDENTIFIED FROM THE TRANSCRIPT · source

  7. I view life as one big adventure. I'm always learning and finding new things to try and challenges to overcome. Whether you're running a company or simply living your life, hopefully you can learn from my mistakes and put a smile on your face along the way. A reviewer described losing my virginity as the first autobiography in which the author had written an expose on himself.

    2018-11-26 · Founders · #48 Finding My Virginity: The New Autobiography by Richard Branson · IDENTIFIED FROM THE TRANSCRIPT · source