You’re transported back to 1994 with all your current knowledge and $50,000. Your goal is to create the world’s biggest online shopping company.

How do you go about it?

As a further thought experiment, if you travelled back to 1960 with all your current knowledge and the goal of becoming the richest person on earth, what businesses would you start?

  • No_Mushroom3078@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    10 months ago

    Back to 1960 would be easier than 1994 as $50k will go much further in 1960 than 1994. With my current knowledge on metals and alloys I would contract to MIT to build a CNC Mill (as they started working on one in 1952 and patented the design in 1958, I would have them make a set up to make valve keepers (for engines) and sell bulk keepers to Toyota and Honda for much cheaper than they could currently get them for, I would also sell to the USA three (Ford, GM, and Dymler) and have a factory in Germany to supply to the European cars (I would have 5 or 6 different companies under one unrelated umbrella so the US companies would not think they are buying from a Japanese supplier or European supplier (and Germany buying from Japan’s company) but in reality I would get all the work. So if you math out, every engine with valves gets 2 keepers per valve if they are sold in bulk for $0.005 per keeper and they spit out 100,000 cars annually with 6 cylinders (2 valves per cylinder, I’m using 6 to average the v10 and also the single cylinder small engines I feel that this is fair or on the low side especially with the US big V8’s) so that’s about $95,000 annually. Within 3 years I have insane production to meet demand, and I would lock them all in with a 15 year contract or so and then if someone wants to under cut my contract at the end I would reduce the price at a larger volume to $0.002.

    The next company in 1965 would be Ethernet cabling for networking, and patent the RJ45 connector, we would work with MIT and CalTec to get computers to talk and listen and communicate. The fax machine was invented in the late 1800’s so that would be the jumping off point.

    I would be working with IBM (at this point I would be a big player in their field) and I would hire Bill Gates and contract him to work with IBM on Software for IBM business machines and give resources for personal computers. And at California Tech I would see Steve Jobs and Steve Was with the Apple One and have them work on hardware for computers. I would own both these companies (under different names and umbrellas).

    In 1970 I would have a nice war chest of money and technology. I would work on the electrical side of vehicles to eliminate a carburetor and replace with fuel injection, on my new car line (pick a name that’s not important), I would be set up for having a very fuel efficient vehicle just in time for the US oil embargo. And add active fuel management (cylinder delete) so we could even see 55 miles per gallon on highway driving. We would work on hybrid technology and have these cars for the masses.

    I feel that I should buy land in current Dubai and start developing.

    That’s probably good.