Archive for the ‘Entrepreneurship’ Category
“When a man tells you about the time he planned to put a vegetable garden on Mars, you worry about his mental state. But if that same man has since launched multiple rockets that are actually capable of reaching Mars—sending them into orbit, Bond-style, from a tiny island in the Pacific—you need to find another diagnosis. That’s the thing about extreme entrepreneurialism: There’s a fine line between madness and genius, and you need a little bit of both to really change the world.
All entrepreneurs have an aptitude for risk, but more important than that is their capacity for self-delusion. Indeed, psychological investigations have found that entrepreneurs aren’t more risk-tolerant than non-entrepreneurs. They just have an extraordinary ability to believe in their own visions, so much so that they think what they’re embarking on isn’t really that risky. They’re wrong, of course, but without the ability to be so wrong—to willfully ignore all those naysayers and all that evidence to the contrary—no one would possess the necessary audacity to start something radically new.
I have never met an entrepreneur who fits this model more than Elon Musk. All of the entrepreneurs I admire most—Musk, Jeff Bezos, Reed Hastings, Jack Dorsey, Sergey Brin and Larry Page, Bill Gates, Steve Jobs, and a few others—have sought not just to build great companies but to take on problems that really matter. Yet even in this class of universe-denters, Musk stands out. After cofounding a series of Internet companies, including PayPal, the South African transplant could simply have retired to enjoy his riches. Instead he decided to disrupt the most difficult-to-master industries in the world. At 41 he is reinventing the car with Tesla, which is building all-electric vehicles in a Detroit-scale factory. (Wired profiled this venture in issue 18.10.) He is transforming energy with SolarCity, a startup that leases solar-power systems to homeowners.”
AN : this profile of a contemporary, extraordinary entrepreneur has inspiration and insight that will be worthwhile to read in full . May we all be inwardly driven to achieve to our own highest potential !
via Elon Musk’s Mission to Mars | Wired Science | Wired.com.
Serial entrepeneur Elon Musk and his Electric Vehicle (EV) endeavour Tesla Motors is profiled in the complete article.
Very inspiring overview of disruptive technology approach in a critical industry and mode of transportation which we so heavily rely on :
“When Tesla Motors moved into its new Palo Alto headquarters in 2010, CEO Elon Musk raised a flute of Champagne and toasted his cheering staff. In a light, elegant accent–a remnant of 17 years growing up in South Africa–Musk said to the crowd: “Here’s to creating the greatest car company of the 21st century, and to making a real difference in the world, and to moving us off fucking oil as fast as possible.” You can actually watch Musk doing this if you’re curious, about 80 minutes into the documentary Revenge of the Electric Car. But, in fact, this is the kind of thing that Musk says all the time, in television interviews and at technology conferences, and he’s been saying it about his firm even before people began paying much attention. Back in 2006, for instance, two years before Tesla started deliveries of the sporty $109,000 Tesla Roadster, its first (and so far only) model, Musk happened to write on his blog that the master plan for his company was fairly simple:
1. Build sports car
2. Use that money to build an affordable car
3. Use that money to build an even more affordable car
4. While doing above, also provide zero-emission electric-power generation options
What rankles Musk is how often his master plan gets ignored. Sitting at his desk in Palo Alto on a January morning, Musk tells me he has been repeatedly criticized for being an elitist–“one who thinks there’s a shortage of sports cars for rich people.” He seems resigned to the fact that the proof that he is not a snob will only arrive in good time. Soon enough, Tesla will demonstrate to the world that its products are not for millionaires but for everyone.”
via Why Tesla Motors Is Betting On The Model S | Fast Company.
“Carbon dioxide removal, or CDR, is sometimes seen as a subset of geoengineering — deliberate, planetary-scale actions to cool the Earth — but it’s actually quite different. Geoengineering strategies are risky, imperfect, Carbon dioxide removal is more akin to recycling waste than to playing God with nature. controversial, and difficult to govern. The most-discussed geoengineering technology, solar radiation management, alleviates a symptom of the climate problem (warmer temperatures) but does nothing to address the cause (rising atmospheric concentrations of CO2). What’s more, geoengineering as a climate response is stuck because governments have declined to provide more than token funds for research, and there’s no business model to support it.
Carbon dioxide removal, by contrast, targets the root cause of global warming. It doesn’t create global risks. It’s being financed by the private market, and it’s more akin to recycling waste than to playing God with the weather.
Despite widespread skepticism in the scientific community, three startup companies are betting that they can make money by recycling CO2, and thereby cool an overheating planet.”
via Rethinking Carbon Dioxide: From a Pollutant to an Asset by Marc Gunther: Yale Environment 360.
“Although environmental investing and entrepreneurship in emerging markets has undergone a transformation from a nascent concept to a burgeoning market over the past decade, clear challenges to greater growth remain. How do institutions collectively move from a retail approach – each institution supporting companies one by one – to a wholesale approach – truly developing an ecosystem of support for environmental SMEs in emerging economies? In other words, how do we get to scale so that these enterprises collectively are having real positive environmental impacts at a large scale?
We still need to examine the bottom line and address models that demonstrate savings, increase profits, and increase market access, but many believe that the case has been made for whether “environmental” companies have economic viability. “The conversation is not whether or not these companies are viable, as was the case ten years ago. We’ve seen that they generate profits, can grow, and are a good business investment. Now the question is: how can we multiply them?” Ros said.
Investment into environmental and social businesses is growing – many investors are pouring capital into emerging markets, and GDP growth rates of NV countries continue to grow. However, for environmental entrepreneurship to get to scale, there must be three conditions fulfilled, as in all other markets: there must be robust demand from investors for a pipeline of environmental enterprises, a promising supply of enterprises ready for investment, and solid transactional infrastructure to enable these investments.
In order to highlight the development of these three necessary conditions, NextBillion will be featuring a series of articles over the next twelve months, in addition to this introductory piece, to stimulate discussion around environmental entrepreneurship, with a focus on SMEs and emerging markets. Several authors will post monthly articles about growing the market conditions for environmental SMEs around these three main topics: supply (of companies), demand (with regards to investment capital) and infrastructure (i.e. exchange platforms and metrics).”
via NextBillion.net | Scaling up Environmental Entrepreneurship in Emerging Economies – Framing the Discussion.