Everyone makes mistakes13 Dec 2025 11:21
Steve Jobs (Apple Inc.) One of the most famous examples, Jobs was ousted from Apple, the company he co-founded, in 1985 after a power struggle with the CEO he hired, John Sculley. During his decade-long absence, he founded NeXT, a computer company that was not commercially successful, and the computer animation studio Pixar, which was later sold to Disney. He returned to Apple in 1997 and led it to unprecedented success with products like the iPod, iPhone, and iPad, transforming Apple into one of the most valuable companies in the world.
Bill Gates (Microsoft) Before co-founding Microsoft, Bill Gates and Paul Allen started a company called Traf-O-Data in high school, which aimed to process traffic data. The venture was a business failure, including a botched demo when the machine didn't work at a county presentation. Gates learned valuable lessons about market needs and technology that were instrumental in the development and success of Microsoft's first products.
Howard Schultz (Starbucks) Schultz's journey with Starbucks involved several setbacks. Initially, as the director of marketing for Starbucks (then a small coffee bean retailer), he couldn't convince the owners to introduce espresso bars. He left to start his own coffee shop, Il Giornale, which faced financial constraints and investor skepticism. He later acquired Starbucks and merged it with Il Giornale, but faced further challenges, including a major financial crisis in 2008. His return as CEO in 2008, where he closed underperforming stores and refocused on the customer experience, revitalized the company and positioned it for global dominance.
Henry Ford (Ford Motor Company) The pioneer of the assembly line and the modern automobile industry experienced two failed automotive companies before the successful establishment of the Ford Motor Company. His first, the Detroit Automobile Company, failed after about a year and a half, leading investors to lose faith in his abilities. He persisted despite these early failures and created one of the most enduring and successful global brands in history.
Travis Kalanick (Uber) Before revolutionizing transportation with Uber, Kalanick's first peer-to-peer file-sharing company, Scour, went bankrupt after facing a massive copyright infringement lawsuit. His next venture, Red Swoosh, also faced struggles but was eventually acquired by Akamai Technologies. The lessons learned paved the way for co-founding Uber, which grew into a global force, though his tenure as CEO ended amidst controversies over corporate culture
RP has invested a significant amount of his own money in what he believes is a world class asset.
Its up to us, based on our own research, whether to invest or not.
As for me, I was loaded here and topped up this week and will continue topping up to the extent of my capacity because I believe this will come good in the long run.
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