Who usually turn out to be entrepreneurs and billionaires"

Ateneo Innovation and Entrepreneurship "New ideas create more and better new products and services; create more wealth."

Repost from Entrepreneur.com | by Catherine Clifford | August 24, 2013

The examples of billionaire entrepreneurs in this post:  Richard Branson, Elon Musk,  Sheldon Adelson, Mark Cuban, and Eric Lefskofsky was either selling or creating something.

How do you become billionaire?  Just selling one or product?

In the study of  1,426 billionaires by Founders and Founders,  they found out that 830 made fortunes from more than 1 product (multi product entrepreneurs, serial entrepreneurs) and only 130 from only one business.

Elon Musk Hyperloop Wont be built in California

Ateneo Innovation and Entrepreneurship "New ideas create more and better new products and services; create more wealth."

 

Repost from Entrepeneur.com | by Rey Hennessey | August 13, 2013

The author believes that the Hyperloop, an idea of Elon Musk, a billionaire CEO of Tesla,  a transportation system that will cut SF LA trip to only 30 minutes, cant be built any time soon.  It will take at least decade.  Regulatory approvals, unions will hamper/delay the project and may decade to build.  California has been ranked as one of the worst place to do business by Chief Executive Magazine

Henessey suggests that it built in Texas instead, say between Austin and Dallas, a distance of only 200 miles (vs SF to LA of 380 miles)

California may be home to Google and Paypal (which are not brick and mortar business) but approving a transportation project in California?....