Founders · Oct 10The Biography of Thomas Edison
Edison built it himself after Western Union saw no use for recorded voice. He then waited about 10 years to commercialize it, by which time competitors had arrived.
Tips
- Edison's scattered focus cost him wealth that Ford, Jobs and Land captured by focusing▶ 4:35Senra estimates the wealth gap at 50 to 100 times or more, and Buffett and Bill Gates both named focus as the most important factor in their success.
- Edison found that incumbents will not buy inventions that threaten their own business▶ 49:25Dyson found vacuum makers sold hundreds of millions of dollars of bags a year and could not see his product.
