Friday 6 May 2022

SUCCESSFUL ENTREPRENEURS ARE VERY INTENTIONAL AND STRATEGIC IN THEIR RELATIONSHIPS

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Elon Musk
Last week, Elon Musk invited 18 of his billionaire friends, including CZ, the founder and CEO of the world's biggest crypto exchange, Binance, to a meeting.
 
During the meeting that had Musk do a presentation to his invited friends, the world’s richest man shared with his friends his dream for Twitter and how he wants to make the micro-blogging platform more profitable and the beacon of free speech while soliciting their support.
 
After his presentation, his friends wrote a check for $7.1 billion for Musk inside the meeting venue.
 
Larry Ellison, Oracle CEO, the 7th richest man in the world and Elon Musk's personal friend, led the funding round by writing a $1 billion check. CZ, the CEO of Binance, wrote a check for $500 million.
 
The money raised was for equity contributions and an investment in Elon Musk’s dream to buy Twitter. The idea is to support their friend's dream, his mission, and his cash raising drive to buy Twitter.
 
CZ officially announced his pledge yesterday on Twitter.
 
One of the investors, Ben Horowitz, co-founder and general partner at Andreessen Horowitz, tweeted about the investment.
 
He said: “Elon is the one person we know and perhaps the only person in the world who has the courage, brilliance, and skills to fix all of these and build the public square that we all hoped for and deserve.”
 
“We invested because we believe in Ev and Jack’s vision to connect the world and we believe in Elon’s brilliance to finally make it what it was meant to be.
 
“While Twitter has great promise as a public square, it suffers from a myriad of difficult issues ranging from bots to abuse to censorship. Being a public company solely reliant on an advertising business model exacerbates all of these.”
 
Not many people in the world today can raise $7.1 billion in a night the way Elon Musk did, but he was able to do that because of the quality of friends he had in his circle.
 
If there is one thing I have learned in my journey, it is that successful entrepreneurs are very intentional and strategic in their relationships and the people they forge their friendships with.
 
I have also learned that they are two currencies you need in the world to grow rich and become more financially successful. The first currency is money, and the second currency is relationships.

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