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#54 The First Tycoon: The Epic Life of Cornelius Vanderbilt

Episode Summary

What I learned by reading The First Tycoon: The Epic Life of Cornelius Vanderbilt by T.J. Stiles.

Episode Notes

What I learned by reading The First Tycoon: The Epic Life of Cornelius Vanderbilt by TJ Stiles.

His life spanned from the days of George Washington to John D. Rockefeller (0:01), $1 out of $20 in circulation (4:35), an overview of his life (5:35), the environment Vanderbilt was raised in (14:10), love of competition / dislike of school / first jobs (18:00), action for actions sake (22:00), an entrepreneur from the beginning (23:06), expansion fueled by aggressiveness, action, and constraints (30:00), partnering with the rich and powerful Thomas Gibbons (35:00), the solo founder (46:34), starting up with an eye on getting acquired (50:00), frugality wins (56:20), entrepreneurs vs large companies (1:03:45), more frugality and decentralized company structure (1:12:00), the size of his ambition was difficult for others to comprehend (1:19:25).

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