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Elon Musk literally sat down for a 45-minute talk with Y Combinator that explains how to build world-changing companies better than any business school on earth. This is the advice he gave a room full of young founders:
1. Don't try to build something great. Try to build something useful.
Everyone obsesses over greatness. Musk says that's the wrong target. "I didn't originally think I would build something great. I wanted to try to build something useful. I didn't think I would build anything particularly great. Seemed unlikely, but I wanted to at least try." Aim for useful first. Greatness, if it comes, is a byproduct.
2. When you can't get in the front door, build your own door.
Before Musk started his first company, he tried to get a job at Netscape. "I sent my resume into Netscape and nobody responded. I tried hanging out in the lobby to see if I could bump into someone, but I was too shy to talk to anyone. So I'm like, this is ridiculous, I'll just write software myself." He didn't set out to be a founder. He became one because no one would hire him.
3. He slept in the office and showered at the YMCA.
The origin of his first company was not glamorous. "We couldn't even afford a place to stay. The office was 500 bucks a month, so we just slept in the office and showered at the YMCA." He couldn't afford proper internet either, so he drilled a hole through the office floor and ran a cable to the internet provider downstairs. That was the founder of the future richest man on earth.
4. Keep the chips on the table.
When Musk sold his first company, he received a $20 million cheque. His bank balance went from $10,000 to $20 million overnight. Most people would have stopped. He put almost all of it straight back into his next company. "I kept the chips on the table." He did the same thing decades later, over and over. He hates money sitting idle. Money is fuel for the next mission.
5. Start with the mission, then work backwards to make it a business.
Musk didn't start SpaceX to make money. He went on the NASA website to find out when humans were going to Mars, and there was no plan. So he decided to build one. "There had been no prior example of a rocket startup succeeding. A small chance of success is better than no chance of success." The mission came first. The business model came later.
6. He started SpaceX expecting to fail.
He is brutally honest about the odds. "SpaceX started in mid-2002 expecting to fail. Probably 90% chance of failing. When recruiting people, I said, we're probably going to die, but small chance we might not die." The first three launches failed. The fourth one worked with no money left. "If the fourth launch hadn't worked, it would have been curtains. We made it by the skin of our teeth."
7. Break every problem down to physics.
This is the core of how Musk thinks. "First principles means break things down to the fundamental elements that are most likely to be true, then reason up from there, as opposed to reasoning by analogy." His example is rockets. Everyone priced them based on what old rockets cost. Musk asked what a rocket is actually made of, priced the raw metals, and found the materials were only 1-2% of the historical price. The rest was inefficiency he could attack.
8. When told something takes 24 months, break it down and do it in six.
Last year xAI needed a giant computer to train its AI. Suppliers said it would take 18 to 24 months. "It's like, well, we need to get that done in six months or we won't be competitive." So he broke it into parts. Needed a building, so he found an old factory. Needed power, so he rented generators. Needed cooling, so he rented a quarter of America's mobile cooling capacity. He slept in the data centre and ran cabling himself. It got done.
9. Watch your ego-to-ability ratio.
Musk's single sharpest piece of advice for young founders is about staying honest with yourself. "A major failure mode is when your ego-to-ability ratio gets too high. Then you break the feedback loop to reality." Keep the ego small, internalise responsibility for everything, and stay ruthlessly connected to what's actually true. "You want to close the loop on reality hard. That's a super big deal."
10. Chase work, not glory.
His closing philosophy ties it all together. "It's so hard to be useful. The area under the curve of total utility is how useful you've been to your fellow human beings times how many people. If you aspire to do true work, your probability of success is much higher. Don't aspire to glory, aspire to work."
He was ridiculed for years. The press called him "internet guy attempting to build a rocket company." He agreed it sounded absurd. He did it anyway, because a small chance of doing something useful beat no chance at all.
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Musk became the most followed founder alive because everything he does happens in public. The launches, the failures, the talks like this one. The companies made him powerful. The personal brand made his every word travel around the world before he finishes saying it.
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@AdvSahibaRana 1st Kashmir is nt the part of #pakistan problem with #pakgenerals they think they r more loyal 2 Pakistan than any 1 else in Pakistan r #OSP but few retired #armygenerals used 2 work 4 #cia and #raw as well #armygenerals they repeat their practice like they did with east Pakistan
🇨🇳🇮🇷🇺🇲CHINA has issued a strong warning to US reinstating that China has an energy agreement with IRAN and it ships will not be intercepted.
Chinese Defense Ministry:
‘Chinese ships continue to move in and out of the waters of the Strait of Hormuz. We have trade and energy agreements with Iran, which we will respect and abide by.
We expect others not to interfere in our affairs. Iran controls the Strait of Hormuz, and has opened it to us.’
@WhiteHouse This is called Anxiety&Stress. Observe the world mostly prominent countries head are talking about against the @realDonaldTrump tha time gone when NETO listen to #usa Look into #americanwarhistory not single one succeeded but created a chaos situation in the word & 4 #americans
The Islamabad Talks is "not an event but a process."
The Islamabad Talks laid the foundation for a diplomatic process that, if trust and will are strengthened, can create a sustainable framework for the interests of all parties.
I would like to express my gratitude to the friendly and brotherly county of Pakistan, especially H.E. Prime Minister Shahbaz Sharif and Field Marshal Asim Munir, for their initiative of goodwill and good office for the talks.
With the tireless efforts of all sectors in Pakistan, including the government, army, police and security forces to facilitate and manage the talks, talks were held in a dignified and befitting atmosphere for the guests in a calm, orderly and secure environment with equal logistic opportunities for both sides.
The Iranian high ranking negotiating team, with dignity, self-confidence and faith in Allah Almighty and attention to the concerns of the people, pursued dignified talks for the great Iranian nation to ensure and secure the national interests and legitimate rights of the people.
In intensive talks at highest level in 47 years, Iran engaged with U.S in good faith to end war.
But when just inches away from "Islamabad MoU", we encountered maximalism, shifting goalposts, and blockade.
Zero lessons earned
Good will begets good will.
Enmity begets enmity.
@heyun02350791@sumonkais@Asksindia_ They don’t want a high ranking person talk about #Pakistán in positive way basically they call person in their show and expect they will speak only for India
ڈونلڈ ٹرمپ ایک عادی جھوٹا، نااہل اور انتہائی کرپٹ ہے۔ اس کی پالیسیوں میں اور بیانات میں شدید تضاد پایا جاتا ہے۔
سابق سی آئی اے ڈائریکٹر جان برینن کا تبصرہ
پاکستان نے خود کو منوانے کا ایک ناقابل یقین کام کیا ہے، یہ اس کا نقطہ عروج ہے۔ چاہے معاہدہ ہو یا معاہدہ نہ ہو، تب بھی امریکہ اور ایران کو اسلام آباد میں اکٹھا کرنا پاکستان کی جیت اور ایک بہت بڑی فتح ہے۔ امریکی پروفیسر اور سکیورٹی امور کی ماہر کرسٹین فیئر کا تبصرہ
@RoshanKrRaii@RoshanKrRaii what a great comparison between #india and #china come on this kind of cheap journalism kindly learn journalism then come to platform to present yourself as journalist
@RashidMkhan79@Asksindia_ you are such a unmanned and unethical person and your ill mannered attitude towards your guests and don’t want to listen their views about current Iran and USA dialogues in Islamabad accept this reality
@AliRazaShaaf میرا خیال ہے کہ آپ لوگ بھول گئے ہو کہ اسی قوم نے برطانیہ، سویت یونین اور امریکہ جیسے اپنے اپنے وقت کے اعلیٰ ہتھیار رکھنے والوں کو شکست فاش دے چکے ہیں
پہلے ایران پھر انڈیا اور اب افغانستان کیا سبھی خراب ہو چکے ہیں صرف پاکستاں صحیح ہے سوچو بھائیو؟