Arsenio’s ESL Podcast | Season 5 Episode 67 | Discussion Points | Business Risks that Paid Off

We’re here with some discussion points today! We’ll be discussing three of the following discussion points. First, we need to check out this info graphic.

  1. Elon musk invested his last $25 million to keep Tesla afloat in 2008. Company is now worth 83 billion.
  2. Sylvester Stallone, actor/screenwriter refused to sell screenplay for Rocky unless he had the lead role. Accepted a much smaller prices as a result. Film earned him millions and launched his career.
  3. Renee Lawson Hardy of Whole Foods Market started the company in the 1970s when local, organic food wasn’t on consumers’ radar. Now one of the biggest supermarkets in the USA.
  4. David Choe, a graffiti artist, agreed to decorate the first Facebook office in exchange for company stocks and not cash. That stock’s now worth $200m.
  5. Zhou Qunfrei, founder of Lens Technology, gave her customers the names of her key competitors in a bid to expand the size of the market. Now worth $9 billion.
  6. Mark Puncus, CEO of Zynga, rejected his final chance at funding his first company to maintain control. Managed to receive funding later and sold the company at a good profit.

Discussion Points

  • Which person in the infographic took the biggest risk?
  • How important do you think risk is in business? Why? How can business people mitigate risks?
  • What risks do people take in their family life, social life, work life, and leisure time?

Podcast

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