Steve Jobs sold his car to start Apple.

If you're interested, I've got 3 stories from the founding history of Apple.

A thread on startups, investing and life:
1/3

Jobs & Woz started Apple with $1300.

They had to sell a bunch of their stuff, including Jobs' Volkswagen bus and Wozniak's HP calculator.

Today, a top-in-line iPhone costs $1399.

Even if we adjust for inflation, it'll still be less than a $6,499 Mac Pro.
2/3

Before Jobs proposed the name Apple Computer, they did entertain others like,

• Matrix
• Executek
• Personal Computers Inc.

In 2007, with a wide range of popular products under their belt, Apple dropped the Computer out of its name.
3/3

On April 1, 1976, Jobs and Woziak founded Apple alongside Ronald Wayne.

Wayne had a 10% stake in Apple, but withdrew just 11 days later.

He sold his shares back for $2300.

Today, a 10% stake in Apple is almost a quarter trillion dollars.
That's it. Our 3 stories.

If you'd prefer to read just a little more context, sign up for my newsletter.

sumitgrrg.substack.com

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More from @sumitgrrg

18 Jul
According to @elonmusk,

1. Skills >> college degrees
2. First principles = a solid foundation
3. Be less wrong
4. Read books
5. If there's no more to add, stop talking
6. Be a better version
7. Life ≠ saving ass
8. Hard work beats all

A thread on startups, careers and life:
“You don't need college or even high school to learn stuff. Bill Gates and Steve Jobs didn't graduate from college, but if you had a chance to hire them, of course that would be a good idea.”

Exceptional abilities >> degrees
“It is important to view knowledge as sort of a semantic tree — make sure you understand the fundamental principles, i.e. the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang on to.”

Lay the groundwork.
Read 10 tweets
14 Jul
At 30, Jeff Bezos quit his job to start Amazon.

He did so because he did not want to be 80 and regret not doing what he really wanted to do.

Thread — Lessons on startups, career and life:
In 1994, Amazon took off as an online bookseller. But it didn't just start with books.

It started with books and a long-term vision.
Today online shopping is an obvious alternative to shopping in the physical world. But back in the early 90's, few had heard about the internet.

Think about this:

When Jeff Bezos was trying to raise money for Amazon, most investors would literally ask,

"What's the internet?"
Read 10 tweets
3 Jul
Jeff Bezos' 2017 letter to Amazon shareholders is a masterclass in writing.

Bezos prefers writing over PowerPoint.

Thread — A writing hack to help you succeed in your career: business, startups, marketing, life, and more.
To write good you need two things:

Recognition and scope.

Recognize what good writing looks like.

Set real expectations for 'how much work it will take' to write that good.
Most writers recognize high standard but set a wrong expectation on scope.

They believe that a good piece can be written in 1-2 days. When in reality, it should take at least a week.

Warren Buffett once said:

“You can't produce a baby in one month by getting 9 women pregnant.”
Read 6 tweets
2 Jul
Business school? I don't know.

I'd rather listen to Steve Jobs all day.

A thread on startups, entrepreneurship, marketing, investing, career, and life:
Figure out what your customers are going to want before they do.

Reporter: What market research did you do for the Macintosh?

Steve Jobs: Did Graham Bell did any of that before he invented the telephone?

Think different.
Make progress by elimination.

Jony Ive says, "To be truly simple, you have to go really deep.

You need to understand the product to get rid of the non essentials."

Apple = Clean design, simple taste.
Read 7 tweets
25 Jun
What if Steve Jobs, Bezos, Musk, and the likes got together to teach business?

Even the top MBAs will line up.

A thread on startups, entrepreneurship, investing, career, life, and whatnot:
Make decisions fast / Jeff Bezos

Most decisions should be made with around 70% of the information.

If you wait for 90, you're being slow.

Get good at course correcting and being wrong will be less costly than being slow.
Do a few things well / Steve Jobs

Deciding what not to do is as important as deciding what to do.

"We all have a short period of time on this earth. We probably only have the opportunity to do a few things really great and do them well."
Read 8 tweets
15 Jun
Five common logical fallacies

1. False dilemma
2. Circular reasoning
3. Tu quoque
4. Ad hominem
5. Sunk cost

Recognizing them is a competitive advantage. Here's a short guide:
False dilemma:

An argument where only two choices are presented yet more exist.

Example:

Would you rather hate your job for the rest of your life or follow your passion?
Circular argument:

Starting from an assumption and using it as a means to justify the conclusion.

Example:

Aliens exist, but we haven't found them because their tech is so advanced.
Read 7 tweets

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