Entrepreneurship

The texts on this page are purely informative and in no way replace official information on the Internet. This page is intended to learn how to work with Bootstrap, not to inform the surfer about entrepreneurship. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential. Some startups become unicorns; that is privately held startup companies valued at over US$1 billion. In 2016, he co-founded Neuralink.

A neurotechnology company focused on developing brain–computer interfaces, and founded The Boring Company, a tunnel construction company. Musk has proposed the Hyperloop, a high-speed vactrain transportation system. He is considered one of the best known entrepreneurs of the microcomputer revolution of the 1970s and 1980s. During his career at Microsoft, Gates held the positions of chairman, chief executive officer (CEO), president and chief software architect, while also being the largest individual shareholder until May 2014.

Introduction

Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.

Theory

In the 2000s, entrepreneurship was extended from its origins in for-profit businesses to include social entrepreneurship, in which business goals are sought alongside social, environmental or humanitarian goals and even the concept of the political entrepreneur. Entrepreneurship within an existing firm or large organization has been referred to as intrapreneurship and may include.

Corporate ventures where large entities "spin-off" subsidiary organizations.A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder.

Famous Entrepreneurs

Musk was born to a Canadian mother and South African father and raised in Pretoria, South Africa. He briefly attended the University of Pretoria before moving to Canada at age 17 to attend Queen's University. He transferred to the University of Pennsylvania two years later, where he received bachelor's degrees in economics and physics. He moved to California in 1995 to attend Stanford University but decided instead to pursue a business career, co-founding the web software company Zip2 with his brother Kimbal. The startup was acquired by Compaq for $307 million in 1999.

The same year, Musk co-founded online bank X.com, which merged with Confinity in 2000 to form PayPal. The company was bought by eBay in 2002 for $1.5 billion.In 2002, Musk founded SpaceX, an aerospace manufacturer and space transport services company, of which he is CEO and CTO. In 2004, he joined electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.) as chairman and product architect, becoming its CEO in 2008. In 2006, he helped create SolarCity, a solar energy services company that was later acquired by Tesla and became Tesla Energy. In 2015, he co-founded OpenAI, a nonprofit research company that promotes friendly artificial intelligence.

Strategies

Musk has been the subject of criticism due to unorthodox or unscientific stances and highly publicized controversies. In 2018, he was sued for defamation by a British caver who advised in the Tham Luang cave rescue; a California jury ruled in favor of Musk. In the same year, he was sued by the US Securities and Exchange Commission (SEC) for falsely tweeting that he had secured funding for a private takeover of Tesla. He settled with the SEC, temporarily stepping down from his chairmanship and agreed to limitations on his Twitter usage. Musk has spread misinformation about the COVID-19 pandemic and has received criticism from experts for his other views on such matters as artificial intelligence, cryptocurrency, and public transport.William Henry Gates III (born October 28, 1955) is an American business magnate, software developer, investor, author, and philanthropist. He is a co-founder of Microsoft, along with his late childhood friend Paul Allen.

Summary

A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential. Some startups become unicorns; that is privately held startup companies valued at over US$1 billion.

Conclusion

In June 2008, Gates transitioned to a part-time role at Microsoft and full-time work at the Bill Melinda Gates Foundation, the private charitable foundation he and his then-wife, Melinda Gates, established in 2000. He stepped down as chairman of the board of Microsoft in February 2014 and assumed a new post as technology adviser to support the newly appointed CEO Satya Nadella. In March 2020, Gates left his board positions at Microsoft and Berkshire Hathaway to focus on his philanthropic efforts including climate change, global health and development, and education.

Innovation of new products
Listen to customer feedback
Continuous process improvement
Exploration of new business models
Finding solutions for problems