Member-only story
A Short History on Elon Musk’s Genius
Separating man from myth
Elon definitely had smarts.
In a recent podcast, he went over how he and his brother were essentially the first people to take local businesses and put them on the internet.
At a time when nobody was doing this.
Remember, during that time, people didn’t think the internet was going anywhere.
Paul Krugman — infamously — said in 1998 that the internet wouldn’t be more important than fax machines.
Elon was born in 1971, which means he was in California around 1990.
He created Zip2 in 1995.
By 1999, Compaq purchased it for $305 million.
Here is the interesting part. The dot-com bubble burst in the early 2000s, and people lost about $5 trillion by 2002.