David Goggins
Former Navy Seal
Career Development
Bryan Cranston
Critical Thinking
Liv Boeree
International Poker Champion
Emotional Intelligence
Amaryllis Fox
Former CIA Clandestine Operative
Chris Hadfield
Retired Canadian Astronaut & Author
from the world's big
Start Learning

This Elon Musk interview from 1999 explains his success

When he first became a multi-millionaire, Elon Musk shared how his vision led to success.

Young Elon Musk featured in documentary about millionaires (1999)
  • Elon Musk saw that you could make money on the internet back in 1995, when most people didn't.
  • He explains that he's not interested in money as much as in starting companies.
  • Musk likes to pursue new ideas like a "new game."

How did Elon Musk, the billionaire entrepreneur behind such game-changing tech ventures as SpaceX, Tesla Motors, The Boring Company, and Neuralink, achieve so much? A telling 1999 interview, taken when he recently became a multi-millionaire, provides a fascinating insight into his thinking and motivation.

The interview starts with Musk waiting to get the new million-dollar McLaren F1 that he just bought, as his then-fiancé Justine Wilson excitedly waits by his side.

Musk explains that the path to his success lies in how he perceived back in 1995 that there's money to be made online despite the fact that "most people thought the Internet was gonna be a fad." But the South African entrepreneur saw the future differently, selling his first computer program at the age of 12.

While younger, the 1999 Musk has noticeably less hair, as he shares that even having business foresight, his success didn't come overnight. It was just 3 years ago that he was sleeping on the floor and showering at the YMCA. Reflecting on his life's trajectory, now that he has significantly more "creature comforts," he coyly refers to it as "moments in my life".

Indeed, these "moments" included selling his online publishing company Zip2 a year earlier for $400 million. "That's just a large number of Ben Franklins," he points out.

"I can buy one of the islands in Bahamas and turn it into my personal fiefdom. I'm much more interested in trying to build and create a new company," says Musk.

As Musk and his fiancé celebrate the arrival of the McClaren, which Wilson calls "the perfect car for Silicon Valley," he explains his next endeavor - nothing less than the transformation of the banking industry. While he admits he doesn't fit the "traditional picture of a banker," he says he has little trouble raising $50 million dollars. This is in relation to a new online banking and mutual funds company he started called, which would later become Paypal.

He is not shy about his vision for, believing it could become a "multi-billion dollar bonanza". Why? Because it is pursuing "the biggest sector of the world's economy." And he believes in this idea so much, he put most of his money into it. He calls it "the new game".

Musk also claims that a "sense of satisfaction of having created the company that I sold" is another driving factor for him. And the amazing new "car sure is fun."

As for other future goals, 1999 Elon Musk was hoping to get on the cover of Rolling Stone – an objective he also eventually achieved.

Watch the full interview here:

Young Elon Musk featured in documentary about millionaires (1999)

Young Elon Musk featured in documentary about millionaires (1999)

Transporation will and should go electric. But the effects of gasoline on the environment, and the wars fought over oil, constitute a market externality that is unpriced. Because the market doest price that externality, the market won't address it. Here Musk explains why producing and consuming electricity sustainably has become such an important part of his life.

Elon Musk: Why I'm Betting on Solar

Elon Musk says that transporation will and should go electric. But the effects of gasoline on the environment, and the wars fought over oil, don't factor into the price of gasoline at the pump. Because the market doest price externalities like environmental damage and war, the market won't innovate to solve those issues. Here Musk explains why producing and consuming electricity sustainably has become such an important part of his life.

LIVE EVENT | Radical innovation: Unlocking the future of human invention

Innovation in manufacturing has crawled since the 1950s. That's about to speed up.

Big Think LIVE

Add event to calendar

AppleGoogleOffice 365OutlookOutlook.comYahoo

Keep reading Show less

DMT drug study investigates the ‘entities’ people meet while tripping

Why do so many people encounter beings after smoking large doses of DMT?

Mind & Brain
  • DMT is arguably the most powerful psychedelic drug on the planet, capable of producing intense hallucinations.
  • Researchers recently surveyed more than 2,000 DMT users about their encounters with 'entities' while tripping, finding that respondents often considered these strange encounters to be positive and meaningful.
  • The majority of respondents believed the beings they encountered were not hallucinations.
Keep reading Show less

Self-driving cars to race for $1.5 million at Indianapolis Motor Speedway ​

So far, 30 student teams have entered the Indy Autonomous Challenge, scheduled for October 2021.

Illustration of cockpit of a self-driving car

Indy Autonomous Challenge
Technology & Innovation
  • The Indy Autonomous Challenge will task student teams with developing self-driving software for race cars.
  • The competition requires cars to complete 20 laps within 25 minutes, meaning cars would need to average about 110 mph.
  • The organizers say they hope to advance the field of driverless cars and "inspire the next generation of STEM talent."
Keep reading Show less

The dangers of the chemical imbalance theory of depression

A new Harvard study finds that the language you use affects patient outcome.

Image: solarseven / Shutterstock
Mind & Brain
  • A study at Harvard's McLean Hospital claims that using the language of chemical imbalances worsens patient outcomes.
  • Though psychiatry has largely abandoned DSM categories, professor Joseph E Davis writes that the field continues to strive for a "brain-based diagnostic system."
  • Chemical explanations of mental health appear to benefit pharmaceutical companies far more than patients.
Keep reading Show less

Navy SEALs: How to build a warrior mindset

SEAL training is the ultimate test of both mental and physical strength.

Scroll down to load more…