Robert Nikic: Being First Is Worst. The Third Wave Wins

Transcript

There's a myth that, you know, there's science on billionaires: the people who get the wealthiest, 70% of them enter a market that already exists. They don't invent something new. So the reason why, we were talking about Serbia, it's like, you know, the original Tesla is a guy in Serbia, but he didn't make much money, because he was proving the model worked. And then fast forward a little bit different. Thomas Edison made all the money. So sometimes being first is worst. I tell you that when it comes to making money, being first is worst. You want to be third. Mark Zuck, the first social media platform really was Friendster. Yep. The second was MySpace. Yep. The third was Facebook. And he's the first and only person in modern history to be worth 100 billion before age 37. Only one guy, Zuckerberg, nobody even close. Right. So why? He was third. Yeah. Elon Musk with Tesla cars. Was Tesla Auto the first electric car? Hell no, there were electric cars 20 years ago. Right. He was kind of the third wave. The third wave wins.