How Steve Jobs Started – Infographic

As people around the world wonder if innovation at Apple stopped with Steve Jobs, we wanted to share with you a snapshot of the genius’s life.

How Steve Jobs Started – Infographic

Source: Funders and Founders

How Bill Gates Started – Infographic

Bill Gates’s father was a lawyer. A very successful one. His mother a teacher. Reading business magazines in middle school, Bill Jr. had a different dream – to open a company. You could say that’s how he started – with a childish dream. Many kids have dreams, though. How was he different?

How Bill Gates Started – Infographic

Source: Funders and Founders

7 Tips On How To Be More Productive from Elon Musk

Elon Musk gets a lot done.

The 46-year-old entrepreneur and CEO is revolutionizing the spaceflight industry with SpaceX, transforming the world of the electric car at Tesla, and pushing neuroscience and transportation forward at Neuralink and the Boring Company.

As SpaceX COO Gwynne Shotwell said at the 2018 TED Conference, Musk’s goals are a lot to keep up with.

“When Elon says something, you have to pause and not blurt out ‘Well, that’s impossible,'” she said. “You zip it, you think about it, and you find ways to get it done.”

Recently, Musk reportedly announced to Tesla employees that he wants to adopt a 24/7 shift schedule to get production for Tesla’s Model 3 electric car on track. In an email obtained by Jalopnik, Musk explained a number of changes in the works for Tesla.

He’s asking for quite a lot, so at the end of that email, he offered employees a list of his own productivity recommendations. From those tips, it’s clear that Musk is clearly not a fan of meetings, bureaucracy, hierarchy, or any system that impedes immediate communication. He prefers people apply common sense to the task at hand.

He also told employees that if they had any ideas for making work at Tesla better and more efficient, they should let him know.

Here are the seven productivity tips Musk offered in the letter, in his own words.

1. Large-format meetings waste people’s time.

“Excessive meetings are the blight of big companies and almost always get worse over time. Please get [rid] of all large meetings, unless you’re certain they are providing value to the whole audience, in which case keep them very short.”

2. Meetings should be infrequent unless a matter is urgent.

“Also get rid of frequent meetings, unless you are dealing with an extremely urgent matter. Meeting frequency should drop rapidly once the urgent matter is resolved.”

3. If you don’t need to be in a meeting, leave.

“Walk out of a meeting or drop off a call as soon as it is obvious you aren’t adding value. It is not rude to leave, it is rude to make someone stay and waste their time.”

4. Avoid confusing jargon.

“Don’t use acronyms or nonsense words for objects, software, or processes at Tesla. In general, anything that requires an explanation inhibits communication. We don’t want people to have to memorize a glossary just to function at Tesla.”

5. Don’t let hierarchical structures make things less efficient.

“Communication should travel via the shortest path necessary to get the job done, not through the ‘chain of command’. Any manager who attempts to enforce chain of command communication will soon find themselves working elsewhere.”

6. If you need to get in touch with someone, do so directly.

“A major source of issues is poor communication between depts. The way to solve this is allow free flow of information between all levels. If, in order to get something done between depts, an individual contributor has to talk to their manager, who talks to a director, who talks to a VP, who talks to another VP, who talks to a director, who talks to a manager, who talks to someone doing the actual work, then super dumb things will happen. It must be ok for people to talk directly and just make the right thing happen.”

7. Don’t waste time following silly rules.

“In general, always pick common sense as your guide. If following a ‘company rule’ is obviously ridiculous in a particular situation, such that it would make for a great Dilbert cartoon, then the rule should change.”

 

 

 

Written By: Kevin Loria
Source: Business Insider

How Mark Zuckerberg Started – Infographic

At the young age of 10, Mark was already bored with school. His father noticed and introduced him to the computer. Together they wrote a program that connected the computer at home with the computer at his father’s office. And the rest, as they say, is history.

How Mark Zuckerberg Started – Infographic

 

Source: Funders and Founders

How Jeff Bezos Started – Infographic

Jeff Bezos is one of the world’s wealthiest people. But he was born poor. He wanted to start a business right after college, but didn’t. So how did he start?

How Jeff Bezos Started Infographic

Source: Funders and Founders

How Elon Musk Started – Infographic

Elon Musk is now Earth’s most future-oriented person. How did such a person come to be?

how-elon-musk-started-infographic

Source: Funders and Founders

The Hyperloop is About to Be Built — But Not in California

MW-EI722_hyperl_20160325102229_MG
Hyperloop Transportation Technologies

The Hyperloop could easily become the next big thing after bullet trains. It’s a tube-based transportation system, in which pressurized passenger pods are accelerated through reduced-pressure tubes, which enables them to develop speeds as high as 760 miles per hour.

One of the Hyperloop design’s advantages is that the system is self-sufficient because of solar panels placed along the track that produce enough energy to run it. It is also earthquake-resistant, thanks to the use of pylons that carry the weight of the construction and provide the stability.

The project was first proposed by Elon Musk, the entrepreneur and co-founder of Tesla Motors Inc. . The system was touted to be a lower-cost alternative to a high-speed-train service between San Francisco and Los Angeles.

If you follow my column, you have probably noticed that I’ve closely followed the Hyperloop development since June 2015. At that time there were many unknown factors about the project, both bureaucratic and technical, that needed to be taken into account. While resolving technical issues was just a matter of time, crossing the red-tape sea in the U.S. forced one of the companies competing to make the Hyperloop a reality — Hyperloop Transportation Technologies, or HTT — to consider building their futuristic transportation pod in Slovakia, at the center of Europe.

Just a few weeks ago, HTT CEO Dirk Ahlborn announced that his company has reached an agreement with the Slovakian government. Their plan is to establish the Hyperloop transportation route from Vienna to Bratislava, Slovakia, and from Bratislava to Budapest, Hungary.

It normally takes about eight hours to travel from Košice, Slovakia, to Vienna to Budapest. But it’s only 43 minutes with the Hyperloop.

“Slovakia is a technological leader in the automotive, material science and energy industries, many of the areas that are integral to the Hyperloop system,” Ahlborn said in a press release. “With our project in Quay Valley, this agreement with Slovakia, and future developments with other regions of the world, HTT truly has become a global movement.”

The company’s suggestion has been met with enthusiasm from Slovak Republic officials:

“Hyperloop in Europe would cut distances substantially and network cities in unprecedented ways. A transportation system of this kind would redefine the concept of commuting and boost cross-border cooperation in Europe,” said Vazil Hudak, Slovakia’s economic minister, said in a statement. “The expansion of Hyperloop will lead to an increased demand for the creation of new innovation hubs, in Slovakia and all over Europe.”

However, before we can look forward to backpacking across Central Europe and getting back home by dinner, significant financial hurdles need to be overcome, more specifically the cost, which is somewhere between $200 million and $300 million. If everything goes according to plan, the project should be finished by 2020, Wired reports.

In an interview with Vice, HTT Chief Operating Officer Bibop G. Gresta said the initial feasibility study showed that the Hyperloop pod could transport up to 10 million people a year. The biggest challenges, he said, are politics and regulation.

Do you think the Hyperloop will be embraced as a new modern transportation system? If not, why not? Please let me know in the comment section below.

Written by Jurica Dujmovic of MarketWatch

(Source: MarketWatch)

X Projects: Alphabet’s ‘Moonshot’ Ventures That Could Change the World

Looking at the annual results of Alphabet, you could be forgiven for thinking that last year’s reorganisation of the world’s most valuable company was all for nothing.

Google, which is a subsidiary of Alphabet, dominated financially. The segment, which includes most of the best-known Google products such as its search engine, maps, Gmail, YouTube and Android, made up $74.5bn of the company’s $75bn (£52bn) annual revenue.

By contrast, every other subsidiary of Alphabetwas reported in the results as “other bets”, with a total income of $448m – and an overall annual loss of $3bn.

But just because the projects do not bring in much money, it does not mean they have no effect on the company’s performance. If anything, it is the opposite: Alphabet is now the largest company in the world not because of the money it makes today, which pales in comparison to the former reigning champing Apple, but because of the money it could make tomorrow, the day after, or in 50 years.

Buried among the “other bets” are Alphabet’s secret weapons: X projects – “moonshot” investments that could change the world.

Immortality

The world of medicine could be changed forever if one of Google’s bets pays off.Calico, which stands for California Life Company, wants to “cure” ageing.

It sounds like a fool’s errand, but it only takes a small tweak in mindset to see why some might view it as a fight worth having: ageing is the single biggest cause of death and disability in the world, and yet, unlike every single other cause, it is viewed as inevitable.

A world where Calico succeeds in its goal of identifying and treating the underlying causes of ageing would represent the single greatest leap in healthcare since the discovery of antibiotics in the early 20th century. Critics point out that it would also remove one of the major factors keeping humanity from a crisis of overpopulation. But would you commit yourself to ageing and death if you could avoid it? And if not, how can you ask others to do so?

Of course, one other thing would happen if Calico’s gamble pays off: Alphabet’s profits from the medical industry would make its technology business look like small change.

Super spoons and smart eyes

These days, when we think of medicine, our minds turn to pills and syringes, in hospitals and doctors surgeries. But one Alphabet subsidiary, Verily, is taking a gamble that the future of medicine looks a lot like the future of tech.

Taking the trend of connected medical devices such as fitness trackers and implantable blood-sugar monitors to their logical conclusion, the prototypes developed by the company are gadgets that could change people’s lives for the better.

The smart contact lens
Google/Rex

The company hit headlines in 2014 for revealing a smart contact lens, which aims to measure glucose levels in tears, permanently removing the need for invasive blood tests for diabetics. A few months later, it revealed a smart spoon: stabilised cutlery to help Parkinson’s sufferers eat.

Imagine going to the doctor’s surgery and being handed a slim black wristband that monitors your vital signs and feeds back minute-by-minute data to the GP and pharmacists so they can adjust your dosage, call you back if it gets worse – and check that you’ve been doing enough exercise.

Vitruvian Man 2.0

Not everything Verily is building is hardware. Its other major goal is to complete the “baseline study”: an attempt to map a healthy human body, in its entirety.

The project is collecting every sort of biological data possible, from genetic to anatomic, from physiological to psychological, in an attempt to build a chimeramodel of what a healthy human looks like. The short-term goal is to use the model to identify deviations far sooner than they can currently be picked up, and ultimately identify problems like cancer and heart disease when they can be prevented, rather than cured.

Connected world

Not every project is as wild as trying to cure death. But even the smaller ones could alter our relationship to the rest of the world. Project Loon is one example: it represents the company’s attempt to bring internet access to rural communities through a network of weather balloons, floating in the stratosphere, acting like ultra-low-cost satellites.

Project Loon balloon floating over New Zealand
John Shenk/Handout/EPA

The project is in direct competition with a similar plan from Facebook’s internet.org, which aims to use solar powered drones to fulfil the same goal. And if either project pays off, it will usher in a world of genuinely ubiquitous connectivity: there will be nowhere on Earth that is offline. So telling your boss “I was in the middle of the Amazon” just won’t cut it as an excuse.

Robots at home – and at war

Boston Dynamics was acquired by Google in 2013. It had initially existed largely as a contractor for the US military, developing machines that can walk on rugged terrain. The BigDog quadrupedal cargo robot was the outcome: built like an ox, and walking with an unearthly whirring sound, even in its prototype form it demonstrates unnerving surefootedness. Unfortunately, they are too noisy for the US marines, which cancelled a contract with Boston Dynamics in December.

But the company is also looking at non-military uses of its robots, and has committed to taking no further contracts from the US Department of Defense. So what’s the first outcome? Atlas, a 150kg, 1.8 metre tall bipedal robot – that can do the hoovering.

Using a human shape is pretty inconvenient in robot design, because it turns out it is quite hard to balance on two legs, but our vanity means we keep on building them anyway. And so keep an eye on Boston Dynamics for your best hope of a Google-powered robot butler in the future. Hopefully, they will have dealt with the noise by then.

And all powered by the wind

All of this technology is of little use if it is driven by carbon-belching power stations that will melt the ice caps before we even sit behind the wheel of a self-driving car. So Makani, another X project, aims to create ubiquitous wind power, available wherever the air moves.

A Makani energy kite prototype
Robbie Su/PR image

Their current prototypes look like a cross between a kite and drone, sitting at the end of long cables circling in the air. Their lightweight construction means they can operate where a traditional windfarm cannot, and be put up for a fraction of the cost. Their height allows them to reach high winds more than 300 metres in the air.

Written by Alex Hern of The Guardian

(Source: The Guardian)

Alphabet Topples Apple to Become Most Valuable US Company

An Apple logo is seen at the Apple store in Munich, Germany, January 27, 2016.  REUTERS/Michaela Rehle
Michaela Rehle/Reuters

NEW YORK, Feb 1 (Reuters) – Alphabet Inc surpassed Apple Inc as the most valuable company in the United States in after-hours trading on Monday, knocking the iPhone maker from the top spot that it has held for the better part of four years.

The change may signal the passing of the technology baton to Alphabet – formerly known as Google – from Apple, which surged past Microsoft Corp in market value in 2010. Microsoft in turn eclipsed International Business Machines Corp two decades ago.

It is not without piquancy for Apple and Alphabet, which worked hand-in-hand to develop mobile computing, but fell out bitterly after Google launched its own Android mobile operating system in 2008. Google’s then-CEO Eric Schmidt left Apple’s board the following year.

The two companies’ operating systems and apps are in direct competition with each other and Apple is still in litigation with Samsung Electronics, the biggest Android smartphone maker.

Alphabet shares jumped 6 percent on Monday after reporting strong quarterly earnings after the bell, making its combined share classes worth $554 billion, compared with Apple, which had a value of about $534 billion. Apple shares dipped last week after reporting the slowest-ever increase in iPhone shipments and forecasting its first revenue drop in 13 years.

Alphabet will officially overtake Apple in market value if the two companies’ shares open around current levels on Tuesday.

The Internet powerhouse’s stock has surged in the last year, helped by increasing sales of advertising on mobile devices, while Apple has struggled due to signs of softening demand for its signature phone, especially in China, and the lack of another blockbuster product in its pipeline.

“This makes Alphabet an even stronger bellwether for investors to watch,” Scott Fullman, chief strategist at Revere Securities Corp, after the earnings on Monday. “The company has been tracking very well given the volatility in the market, dominated by falling energy prices and weakness from China.”

The latest spurt in Alphabet’s stock price growth started around July last year. Since then the company has restructured, forming a new holding company and splitting into two parts.

Google includes its search engine, YouTube and related parts of the company, while a unit called ‘Other Bets’ includes its ‘moonshots’ such as self-driving cars, and encompasses Google Capital, the secretive X research division and Nest, which offers smart-home accessories.

Investors have appreciated the company’s new discipline on costs, which started with the arrival of new Chief Financial Officer Ruth Porat.

For a time it looked as if Apple would never relinquish the top spot in terms of market value. Bolstered by success of the iPhone, an enormous cash hoard, Apple took over the top U.S. spot in 2012 from Exxon Mobil, and at one point in early 2015 was worth more than $760 billion.

Alphabet shares are much more expensive, relatively speaking, than Apple’s, trading around 38 times earnings for the last 12 months, compared to about 11 times for Apple. Alphabet pays no dividend, whereas Apple’s dividend currently yields about 2 percent of the stock’s value annually.

Alphabet’s move into the top spot makes it the 12th company to be recognized as the largest publicly traded U.S. name since 1928, according to S&P Dow Jones Indices. Past No. 1 names include General Electric, General Motors and IBM.

Written by David Gaffen of Reuters

(Source: Reuters)

Has Apple Peaked?

File photo of Apple Inc CEO Tim Cook during an Apple event in San Francisco, California.
Robert Galbraith/Reuters

When Apple reports its earnings on Tuesday, it’s virtually certain that the tech giant will report record quarterly profits. Apple almost always does.

The question is, are overall iPhone sales growing or shrinking? And if they’re on the rise, will the pace of that growth be enough to cheer Wall Street and stem the recent drop in Apple’s stock, which has tumbled nearly 5% this year and 25% from its all-time highs?

Despite the recent slump, Apple is still trading at around $100 per share, and investors have made the consumer electronics giant—with a total market value of $562 billion—the most valuable company on earth.

That doesn’t mean they quite believe in it, though.

For one thing, Apple now faces stiff competition for the title of world’s most valuable company. Thanks to Apple’s decline and the 40% gain in shares of Alphabet since the start of 2015, Google’s parent company is closing in on Apple, with a total market value of $507 billion.

Moreover, the stock’s price is less than 11 times the earnings analysts expect for next year. That compares with a P/E ratio of 16 for the S&P 500, and 19 for rival Microsoft. In other words, the “E” in Apple’s P/E is so high that its total value must be similarly stratospheric, but investors are skeptical that Apple’s profits can grow quickly from here.

Apple does have enormous strength.

The iPhone, which represents two-thirds of the company’s revenues, grew sales 52% over the past year. Continuous upgrades give Apple a regular source of huge cash flow, plus it can still set a premium price “despite a deflationary environment for smartphone prices,” says Motley Fool Asset Management portfolio manager Dave Meier, who holds the stock.

Provided by Money

 

 

 

 

 

 

On the other hand, smartphones are a maturing business, and it’s hard for new products to move the needle at a company of Apple’s size.

“There is no next big thing at Apple that will suddenly dwarf the iPhone,” concedes Michael Sansoterra, portfolio manager of RidgeWorth Large Cap Growth, another Apple owner. Sales of the iPad and digital music have been soft, and the Apple Watch wasn’t the massive hit Apple fans were hoping for. Retailers were offering steep discounts on the watches over the holidays.

What to do: The iPhone-driven corporate leap that brought Apple from about $30 a share six years ago to triple digits today won’t be repeated. But the stock could be compelling for investors seeking tech exposure with a bit less drama.

Apple’s comparatively modest P/E means it doesn’t have to keep shooting out the light to keep its share price rising. And its enormous cash stake — some $200 billion — means investors can expect to steadily get paid back in dividends and stock buybacks. It’s also a business you can get your arms around conceptually.

“It’s not like Microsoft, with lots of different businesses,” says Lamar Villere of Villere Balanced Fund. “It’s straightforward, high-cash, and high-profit margin, and yet it’s valued as though it’s going to be shrinking.”

Written by Susie Poppick of Money 

(Source: Time)