Elon Musk was recently in the news after he decided to build the ‘hyperloop’ test track and when SpaceX technologies was funded with $1 Billon by Google and Fidelity Investments. Musk’s plans for SpaceX are huge and the genius brain says he wants to die on Mars someday.
A staunch believer of multi-planetary colonization for human survival, Musk also wants our blue green planet to be energy efficient and has worked towards it by building the SolarCity and electric cars at Tesla Motors. This PayPal founder is always on fire, filled with high energy and looking forward to the next big thing that would bring a huge impact on human existence.
» Read : Elon Musk On Life / Knowledge and Showering
Here are a few quotes from Elon Musk, CEO and CTO of SpaceX, CEO and chief product architect of Tesla Motors, and chairman of SolarCity.
I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better. I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.
If you go back a few hundred years, what we take for granted today would seem like magic – being able to talk to people over long distances, to transmit images, flying, accessing vast amounts of data like an oracle. These are all things that would have been considered magic a few hundred years ago.
If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.
It is remarkable how many things you can explode. I’m lucky I have all my fingers.
I think the best way to attract venture capital is to try and come up with a demonstration of whatever product or service it is and ideally take that as far as you can. Just see if you can sell that to real customers and start generating some momentum. The further along you can get with that, the more likely you are to get funding.
The biggest mistake in hiring someone is weighing too much on someone’s talent and not someone’s personality. I think it matters whether someone has a good heart.
Work like hell. I mean you just have to put in 80 to 100 hour weeks every week. [This] improves the odds of success. If other people are putting in 40 hour work weeks and you’re putting in 100 hour work weeks, then even if you’re doing the same thing you know that… you will achieve in 4 months what it takes them a year to achieve.
When somebody has a breakthrough innovation, it is rarely one little thing. Very rarely, is it one little thing. It’s usually a whole bunch of things that collectively amount to a huge innovation.
If something has to be designed and invented, and you have to figure out how to ensure that the value of the thing you create is greater than the cost of the inputs, then that is probably my core skill.
I always have optimism, but I’m realistic. It was not with the expectation of great success that I started Tesla or SpaceX. It’s just that I thought they were important enough to do anyway.
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