Methods of ProsperityNewsletter examining the methods used by historical figures to accumulate wealth.
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In the early nineties, finding useful information on the internet was challenging. This was due to the rudimentary nature of search engines. They often functioned more like directories. Both Yahoo! Search and LookSmart launched in 1995. In 1996, two guys from Berkeley, California, founded Ask Jeeves. This search engine was innovative at the time. Users asked “Jeeves” questions rather than searching with keywords. They launched it in 1997, but Ask Jeeves had limitations.

Methods of Prosperity#wealth#google#sergeybrin#larrypage
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The year is 1993. Location? Denny’s restaurant in San Jose, California, on Berryessa Road. Denny’s at 2484 Berryessa Rd offers breakfast all day. This Denny’s is famous for something else, and it’s not the Super Bird sandwich. This Denny’s has a famous corner booth. Sitting at a corner booth we find Jensen Huang. With him is Chris Malachowsky and Curtis Priem, meeting to discuss their project. “Creating a chip that would enable realistic 3D graphics on personal computers”.

Methods of Prosperity#wealth#jensenhuang
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Peter Theil would consider Facebook a natural monopoly. It’s become THE social networking platform. Most people connect with family and friends on Facebook. Features including the “Like” button solidified its early dominance in the market. Facebook introduced the Like button in 2007. Which simplified user interactions and promoted content based on engagement. As a second–order consequence, sensational or divisive content is often prioritized. Facebook introduced the Open Graph in 2010. Which fur

Methods of Prosperity##wealth##markzuckerberg
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A series of disputes and lawsuits make up the legal and business history of Facebook. It starts with the Winklevoss twins and Divya Narendra suing Mark Zuckerberg in 2004. They accused him of stealing their ConnectU idea to create Facebook. Zuckerberg faced another lawsuit from co-founder Eduardo Saverin over share dilution. Saverin received $5 billion in shares. Facebook’s rapid growth attracted major investments. This included a $240 million stake from Microsoft in 2007, valuing the company ..

Methods of Prosperity#wealth#markzuckerberg
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Mark Zuckerberg was a child prodigy. He learned to code and ship useful software. This included CourseMatch, which helped students choose their classes. That predated Facemash, the hot-or-not game. He co-founded Facebook at Harvard University in 2004. Eduardo Saverin contributed significant financial support. Facebook grew in popularity. This motivated Zuckerberg and co-founder Dustin Moskovitz to move operations to Silicon Valley. Sean Parker, co-founder of Napster, played a crucial role in Fac

Methods of Prosperity#wealth#markzuckerberg
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Now it was out there. She changed her relationship status from “single” – to – “in a relationship”. That sinking feeling in the pit of his stomach clenched, writhing into a wad of regret. For some reason, they remained friends after their breakup, and she moved on. He knew better than to react at all. Holding back his comment, he clicked “Like” and logged off. The above story is fiction, but there was a place in your mind where you knew exactly where it was taking place. Facebook.

Methods of Prosperity#markzuckerberg#zuckerberg#wealth
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They had no business model and no revenue in November of 1999. By August the next year, they were burning $12 million per month. Reid Hoffman said to Peter Theil: “If we were standing on the roof of the building throwing off wads of hundred dollar bills as fast as we could, we would not be spending as much money as fast as we are now.” Methods of Prosperity newsletter is intended to share ideas and build relationships. To become a billionaire, one must first be conditioned to think like a bill..

Methods of Prosperity#paypal#paypalmafia#wealth#reidhoffman
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Nothing like this existed before. Cell phones now have built-in cameras! MySpace had eclipsed Friendster. No one outside of Harvard University knew what “The Facebook” was. Three guys who worked at PayPal were about to change the world. They would create something that up until then had been unfeasible. Part 36: YouTube co-founders Steve Chen, Chad Hurley, and Jawed Karim (PayPal Mafia continued)

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Elon Musk took over as CEO of Tesla Motors in 2008. It was after a series of escalating conflicts and financial difficulties. Elon Musk ousted Martin Eberhard. Musk assumed leadership of the company as CEO and product architect. Tesla’s board of directors appointed Michael Marks as Tesla’s interim CEO, followed by Ze’ev Drori in 2007.  In 2008, Tesla had delivered only 50 Roadsters despite having received more than 1,200 orders. Tesla failed to secure a $100 million investment round in October 2

Methods of Prosperity#elonmusk#paypalmafia#tesla#spacex#wealth
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PayPal sold to eBay, providing Elon with $100 million to put into SpaceX. During this time, Elon and Justine lost their first child. Elon’s determination intensified. SpaceX built the first low-cost rocket built from scratch, failing to launch 3 times. In 2003, Elon partnered with JB Straubel to build electric cars.

Methods of Prosperity#wealth#elonmusk#paypalmafia