All people are different. This applies to all kinds of people, including successful entrepreneurs such as Elon Musk, Mark Zuckerberg, and Jeff Bezos. However, there are also some similarities in certain issues, such as the way we invest.
We are not saying that Elon Musk and Jeff Bezos both invest in the same way, this is not the case as each has its style and investment model. Nevertheless, some identifiable patterns can be common to practically all the big tech entrepreneurs when it comes to investing.
First, consolidate later diversify
If we analyze Mark Zuckerberg’s professional career and its subsequent investment decisions, we can see a recurrent theme: the defense and strengthening of his main brand above everything else. In this case Facebook, in Musk’s case Tesla, in Bezos’ case Amazon, and we could go on with other examples.
Consolidation of their business (and life) projects is the main direction of the investment for these businessmen. In general, they will not diversify until their main firms are stable and provide very high profits.
Even in Musk’s case, perhaps the most active of the three, the use of Tesla to carry the weight of other investments has been a constant.
They are not afraid to make mistakes
We have recently witnessed two major business moves: the rebranding of Facebook to Meta and the purchase of Twitter. In both cases, both Mark Zuckerberg and Elon Musk are making risky and expensive decisions.
In both cases, too, these are risky decisions: a rebranding and a change of strategy in a social network such as Facebook is a really powerful step. Whereas buying a social network of the size of Twitter involves very high investment and unknown quantity in terms of monetization.
However, it is based on (controlled) risk and assuming the possibility of being wrong that 21st-century business investments work.
They are betting on a vision for the future
Although many of these great entrepreneurs may have conventional investments (indeed, they do) when it comes to investing in companies, they will generally put their money into projects with a vision for the future.
Technology business people are still labeled as visionaries, as they are betting on innovative projects that change the conventional reality. Perhaps, in this sense, the most relevant is Elon Musk with a wide variety of business projects. They range from space transport, and sustainable alternatives to ground transport, artificial intelligence, etc.
But Mark Zuckerberg is also making a serious commitment to innovation. Let’s not forget that his concept is so deeply involved in the metaverse that he has even changed the name of his own company.
In conclusion, although they have different personalities and different ways of looking at the world of business and investment, it is true that in the great technology entrepreneurs of the 21st century we find quite common ways of investing and of facing the growth of their companies.