You Only Have to Be Right Once

You Only Have to Be Right Once

The Unprecedented Rise of the Instant Tech Billionaires

Format
Hardcover
Price
$27.95
 
Additional Formats
  • Hardcover
  • ISBN 9781591847663
  • 224  Pages
  • Portfolio
  • Adult

Overview

The ultimate insider look at the newest titans of tech—and what you can learn from their success

In 2007, twenty-one-year old David Karp launched Tumblr, a simple micro-blogging platform, on a whim. By 2012, it had become one of the top ten online destinations, drawing 170 million visitors. By 2013, Yahoo had acquired Tumblr for over $1 billion. Just like that, a kid who hadn’t even earned his high school diploma was worth over a quarter billion dollars. And he’s not the only one . . .

Silicon Valley’s newest billionaires represent a unique and unconventional breed of entrepreneur: young, bold, and taking the world by storm with their extreme speed, insatiable hunger, and progressive leadership. These whiz kids (and, to be fair, a few adults) have the hottest companies in the world. They are all turning just one brilliant insight or hook into money at a rate never before seen in human history—creating companies that, even with no revenue, garner insane valuations.

With unique insider access to the world’s most influential and wealthy entrepreneurs, Forbes has dug in to find what these super-entrepreneurs say about their own success. This book, introduced, edited, and updated by Forbes editor Randall Lane, is the first comprehensive look at who these instant tech billionaires are and how they achieved their quick wins. With sixteen illuminating pieces, including two never-before published features, we get behind-the-scenes examinations of the founders of Spotify, Airbnb, Tumblr, Twitter, and more, including:
  • Elon Musk: The billionaire founder of Paypal, electric carmaker Tesla, and private space company SpaceX. His extreme ambition is matched by his preternatural engineering mind; no wonder he was the model for Robert Downey Jr.’s portrayal of Iron Man.
  • Evan Spiegel: The twenty-three-year old declined a $3 billion cash offer from Mark Zuckerberg, after making the mountain come to Mohammed (Snapchat’s HQ is in Los Angeles) —an unheard of request from a young gun to one of the biggest players in Silicon Valley. The story of Snapchat’s origin is even wilder than Facebook’s, but Spiegel’s ability to parlay infamy and popularity into revenue is still up in the air, even as Snapchat’s valuation continues to grow.
  • Alex Karp: An eccentric philosopher with almost no tech background turned a Peter Thiel backed venture, Palantir, into a data-mining champion, with clients like the NSA, the FBI, and the CIA. Amid heated privacy concerns, Karp continues to grow Palantir like crazy, to $196 million in funding and an estimated $1 billion in contracts in 2014.

You Only Have to Be Right Once is the definitive collection of everything we can learn from these incredible game changers and what their next moves spell for the future of business.

Praise

From You Only Have to Be Right Once:

Wedged into a corner, Sean Parker sported the removed look of someone at a crowded party who doesn’t know many people. Which, at a media soiree at New York’s clubby Monkey Bar on October 4, 2011, happened to be the case. Given that two weeks prior, Parker became the first person to adorn the cover of Forbes since I returned as the editor, it seemed right to introduce myself.

It’s not that the Forbes cover had been a valentine: it revealed the polymath who had helped shape Napster, Facebook and Spotify for all his quirks and faults. But until that story, the world equated him with the villainous character portrayed by Justin Timberlake in David Fincher’s movie The Social Network. Now Parker stood before me as a brash actor in a story that has only a little to do with Facebook and feels a hundred times bigger: how a handful of young digital swashbucklers shrugged off the Great Recession to transform how industries operate and fortunes get made.

The day after my conversation with Parker, Steve Jobs passed away. Jobs had epitomized the old new guard, one of a trinity of tech entrepreneurs – with Bill Gates and Michael Dell – who two generations earlier, while themselves in their twenties, proved the disruptive power of technology. This narrative isn’t new.

In this round, however, the underlying drivers have accelerated exponentially. This new model of Young Turk isn’t merely comfortable with technology—he can’t remember a world without the Internet. Accordingly, he’s no longer content merely conquering the technology space–every industry is now the technology space, whether hotels or music or transportation. And thus ripe for the pillaging.
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