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I'm reposting one of my favorite founder stories. If you listened to this first time I recommend listening again. If you missed this before, you're about to hear one of the wildest founder stories of all time.
A few surprising things I learned from reading about Dietrich Mateschitz, founder of Red Bull:
1. He started the company when he was 41 years old.
2. He was making $500 to $800 million a year and his 49% stake is worth $20 to $30 billion.
3. He still prioritized fitness deep into his 70s and liked driving fast, piloting his planes, and competing in off-road motorcycle races.
4. The company was started with just $500,000 from Mateschitz and $500,000 from his partner. Outside of a small loan from a local bank all other expansion was funded by profits.
5. The company reached profitability in its 3rd year and has been profitable every year since. (33 years and counting)
6. He took no dividends for the first 13 years and reinvested all profits into growth instead
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