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..

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)

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

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.

If there’s one thing you get out of this newsletter, it’s this. I’d like to impart the trait that all wealthy people seem to have – that ...