Jon Erlichman Profile picture
Jul 23 8 tweets 3 min read Twitter logo Read on Twitter
The X era has begun at Twitter

Elon Musk says the bird logo will be replaced by an X.

For Musk, it’s the continuation of a story that began 25 years ago.

Here’s a brief history on that... 🧵 Image
Let’s go back to 1999.

After selling his first company…

…Musk set out to disrupt banking.

And the X identity was born.

But its time as a standalone brand would be short-lived.

Instead, X became part of another brand.
X became part of PayPal.

And PayPal was acquired by eBay.

Musk walked away with $165 million.

He then started building again…

…and the letter X would reappear. Image
Musk would launch Space Exploration Technologies Corporation.

It would become known as SpaceX. Image
Worth noting…

SpaceX’s logo has a hidden message.

The X symbolizes a rocket’s trajectory. Image
Musk also used “X” at Tesla.

It’s the name of Tesla’s third model.

Musk envisioned a car lineup with models that spelled out “sexy.”

There’s a Model S. An X. And a Y.

Ford had the rights to the Model E.

So Musk instead opted for 3, which is basically a backwards E. Image
X is even the name of Musk’s young son. Image
Meanwhile, you likely saw all of the headlines leading up to this development…

…from rebranding Twitter as X Corp…

…to the recent launch of xAI.

In other words, wheels were already in motion for the new era. Image

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More from @JonErlichman

Jul 21
Age when their business launched?

Jeff Bezos: 30
Oprah Winfrey: 32
Reed Hastings, Netflix: 36
Doris Fisher, Gap: 37
Vera Wang: 40
Eric Yuan, Zoom: 41
Sam Walton, Walmart: 44
Adi Dassler, Adidas: 48
Bernie Marcus, Home Depot: 50
Charles Flint, IBM: 61

Here are their stories 🧵
Jeff Bezos started Amazon at age 30.

His reason?

"I came across this startling statistic that web usage was growing at 2,300% a year.  So I decided to find a business that made sense in the context of that growth.”
Oprah started her TV production company Harpo when she was 32.

Part of her motivation? Her co-anchor was being paid more than her.

“I said I want to take the risk of owning my own show so that I will be the one to say who gets what paycheck.”
Read 11 tweets
Jul 19
Tesla just reported the biggest quarter in its history.

In its second quarter, the company generated nearly $25 billion in sales.

That leaves it on track to top $100 billion in revenue for the first time this year.

Let’s break it down. Image
Here’s how revenue in Q2 has grown:

2023: $24.9 billion
2022: $16.9 billion
2021: $11.9 billion
2020: $6.0 billion
2019: $6.3 billion
2018: $4.0 billion
2017: $2.8 billion
2016: $1.3 billion
2015: $955 million
2014: $769 million
2013: $405 million
2012: $27 million
Vehicle deliveries are driving revenue:

Q2 2023: 466,140
Q2 2022: 254,695
Q2 2021: 201,250
Q2 2020: 90,891
Q2 2019: 95,356
Q2 2018: 40,740
Q2 2017: 22,000
Q2 2016: 14,370
Q2 2015: 11,532
Q2 2014: 7,579
Q2 2013: 5,150
Q2 2012: 12
Q2 2011: 0
Read 7 tweets
Jul 11
Some of their first jobs?

Steve Jobs: assembly line worker
Jeff Bezos: McDonald’s cook
Oprah Winfrey: cashier
Warren Buffett: gum salesman
Elon Musk: lumberjack
Michael Dell: dishwasher
Barack Obama: ice cream scooper
Ray Dalio: golf caddy

Their stories below and a few more…
At age 12, Steve Jobs called HP co-founder Bill Hewlett and asked him for spare parts.

He got the parts and also…a summer job on HP’s assembly line.

“I was in heaven,” Jobs later said.
Jeff Bezos worked at a McDonald’s in Miami when he was 16.

Bezos particularly enjoyed the Saturday morning shift.

He liked cracking eggs into a big bowl.

Read 12 tweets
Jul 9
In 1999, Larry Page and Sergey Brin wanted to sell Google for $1 million.

They were rejected (by Excite).

They then considered selling for $750,000.

They were rejected again.

Here are early rejection stories from 5 other famous companies…
In 2000, Netflix wanted to sell itself to Blockbuster for $50 million.

“They laughed at us,” says Netflix co-founder Marc Randolph.

Netflix is now worth $195 billion.
In early 2005, MySpace was interested in acquiring Facebook.

Mark Zuckerberg asked for $75 million.

MySpace felt the price was too high.
Read 6 tweets
Jul 8
Snapchat launched on this day in 2011.

But it was originally called Picaboo.

Here are a few more famous businesses that originally had different names… 🧵
Google was originally called BackRub.
Amazon was originally called Cadabra.
Read 10 tweets
Jul 5
Amazon was founded this day in 1994.

Jeff Bezos got started in his garage.

Here’s more on the journey... 🧵
Bezos was working at a hedge fund and wanted to start an Internet company.

“Web usage was growing at 2,300% a year.  So I decided to find a business that made sense in the context of that growth.”
Bezos moved to Seattle from NYC and started Amazon in his house.

One problem? Not have enough power.

“We had to string these big, orange extension cords from every room in the house to get enough power into the room where the office was.”
Read 13 tweets

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