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Sean Allen Fenn

@seanallenfenn

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17 Followers
Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
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 38: Mark Zuckerberg.
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Sean Allen Fenn
@seanallenfenn
@clanker deploy a wow token Name: SelfActualizer Symbol: SLFACTZR
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 37 TL;DR Reid Hoffman is a co-founder of PayPal. After eBay acquired PayPal, Reid Hoffman co-founded LinkedIn with Eric Ly in 2003. Reid Hoffman and Eric Ly envisioned a platform that would do three things. Help individuals find jobs. Connect with professionals in their field. Enhance their career prospects through online networking. LinkedIn focused on professional networking and career development. That set it apart from other social media platforms like Facebook and Myspace. LinkedIn would emphasize users’ professional connections. It did this through profile pages. Resumes, job listings, and networking opportunities connected users. In its early days, user adoption was slow. Microsoft acquired LinkedIn in 2016. Their price was over US$26 billion. It was the largest acquisition in Microsoft's history.
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 37 TL;DR Reid Hoffman is a co-founder of PayPal. After eBay acquired PayPal, Reid Hoffman co-founded LinkedIn with Eric Ly in 2003. Reid Hoffman and Eric Ly envisioned a platform that would do three things. Help individuals find jobs. Connect with professionals in their field. Enhance their career prospects through online networking. LinkedIn focused on professional networking and career development. That set it apart from other social media platforms like Facebook and Myspace. LinkedIn would emphasize users’ professional connections. It did this through profile pages. Resumes, job listings, and networking opportunities connected users. In its early days, user adoption was slow. Microsoft acquired LinkedIn in 2016. Their price was over US$26 billion. It was the largest acquisition in Microsoft's history.
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Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 36 Newsletter examining the methods used by historical figures to accumulate wealth. 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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Sean Allen Fenn
@seanallenfenn
MicroStrategy announces $42 billion capital plan. This includes $21 billion ATM equity offering. Plus a target of raising $21 billion in fixed-income securities.
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Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 35. TL;DR 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 2008. Alan E. Salzman allegedly blocked Tesla’s funding round. He was co-founder, CEO, and Managing Partner of VantagePoint. His motive may have been to gain control of Tesla Motors’ assets.  Tesla Motors announced a debt financing round of $40,167,530 in November 2008. On December 23 2008, SpaceX received $1.6 billion as payment for twelve flights to the space station.
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Sean Allen Fenn
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Methods of Prosperity 34 TL;DR Martin Eberhard and Marc Tarpenning founded Tesla Motors in 2003. They needed to raise $7,000,000 for a prototype of the Roadster from a leading investor. That investor would be Elon Musk. He’d already started working on a similar project with JB Straubel. The EP1 Roadster helped attract $40 million for Tesla Motors’ Series C round in May 2006. By 2007, the Roadster hadn’t shipped to customers yet. At the same time, Elon was trying to get SpaceX off the ground (pun intended). The third Falcon 1 launch failed in September 2008. If the fourth launch failed, that could be the end of SpaceX. In 2008, the economy worsened from the subprime lending fallout. Elon was afraid either SpaceX or Tesla was going to run out of funding.
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Methods of Prosperity 34 TL;DR Martin Eberhard and Marc Tarpenning founded Tesla Motors in 2003. They needed to raise $7,000,000 for a prototype of the Roadster from a leading investor. That investor would be Elon Musk. He’d already started working on a similar project with JB Straubel. The EP1 Roadster helped attract $40 million for Tesla Motors’ Series C round in May 2006. By 2007, the Roadster hadn’t shipped to customers yet. At the same time, Elon was trying to get SpaceX off the ground (pun intended). The third Falcon 1 launch failed in September 2008. If the fourth launch failed, that could be the end of SpaceX. In 2008, the economy worsened from the subprime lending fallout. Elon was afraid either SpaceX or Tesla was going to run out of funding.
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Sean Allen Fenn
@seanallenfenn
Methods of Prosperity no.33 TL;DR 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.
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Sean Allen Fenn
@seanallenfenn
Methods of Prosperity no. 32 Elon Musk: SpaceX/PayPal Mafia boss (cont.) Thinking from First Principles. TL;DR Elon and his team failed to get a hold of Russian ICBMs. On the flight home, Elon formalized how to build a modest sized rocket for a specific market segment. He showed the crew his spreadsheet. It showed all materials, costs, and and calculations. He proved it was possible to assemble and launch a rocket. SpaceX would create a whole new sub-market, providing low-cost rockets to the world. Key lessons: • Be the kind of person who attracts money. • Your reputation precedes you. • Think from First Principles.
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Sean Allen Fenn
@seanallenfenn
Would you be opposed to supporting artists who accept payment in sats? My latest single, Anything You Desire (Prosperity Mix) is on the usual streaming platforms, sound xyz, and now https://wavlake.com/album/5d2ef304-3518-400b-81a8-efc44f52751c
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
Rediscovered this podcast interview. I thought she took it down for whatever reason. But here it is! https://fountain.fm/episode/5xrhzI7H9X0HEaReikhP
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
The term “PayPal Mafia” refers to its founders. This includes Musk, Thiel and Hoffman. They went on to invest in and found great companies in Silicon Valley. eBay acquired PayPal for $1.5 billion. After PayPal, Musk revisited his interest in space travel and donated to The Mars Society. Elon Musk wanted to send mice to Mars but needed a rocket. He tried buying refurbished ICBMs from Russians who rejected his $8 million offer. Discouraged, he and his team returned to the US empty-handed.
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Sean Allen Fenn
@seanallenfenn
OpenAI CTO Mira Murati has resigned. Today on Hidden Secrets Revealed – Live! ™
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Sean Allen Fenn
@seanallenfenn
Fed Cuts Rate by 50 Basis Points. Last week on Hidden Secrets Revealed – Live! ™
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Sean Allen Fenn
@seanallenfenn
TL;DR Elon Musk co-founded X.com in 1999. It was an online banking service. Peter Thiel’s company Confinity created PayPal. At first, they enabled peer-to-peer payments for the Palm Pilot, a hand-held device. PayPal tied payments to email. Elon’s X was in direct competition. Confinity needed cash reserves. Confinity merged with X.com. Investors removed Elon as CEO, anticipating their IPO. They replaced him with the former CEO of Intuit, Bill Harris. Musk later returned as CEO after the merger, but not for long. They forced him out again, this time by conspirators. Peter Thiel returned as CEO. Key lessons: • Have some semblance of a business model. • There’s no game without opponents. • If you can’t beat ‘em, join ‘em. • Ideas don’t belong to you.
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Sean Allen Fenn
@seanallenfenn
Methods of Prosperity Newsletter examining the methods used by historical figures to accumulate wealth. Part 29. Elon Musk, of the Pay Pal Mafia. Here’s a big idea: What if a user could send money to an email address? That would incentivize the recipient who owns that email address to sign up. The recipient would receive their payment. Sound familiar?
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Sean Allen Fenn
@seanallenfenn
Who do I know around Murfreesboro Tennessee? Looking for someone who can be my boots on the ground.
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Sean Allen Fenn pfp
Sean Allen Fenn
@seanallenfenn
We can recognize how emotions are connected to music. That makes you aware of the people you love. This song is significant. It’s been 20 years since i wrote it. Today, “Sunlight” is reissued. It’s inspiring to be able to share this. Would there be any reason for you not to buy it on Bandcamp? https://seanallenfenn.bandcamp.com/track/sunlight
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