Bitcoin Billionaire Michael Saylor Pursued '10 Different Ideas' After MicroStrategy's Rise, Learned This Lesson the Hard Way

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Michael Saylor, co-founder and Executive Chair of Strategy Inc. (NASDAQ:MSTR), once underlined the value of staying “focused” in life, a hard-earned lesson from his early experiences trying to launch ...

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co-founder and Executive Chair of Strategy Inc. (NASDAQ:MSTR), once underlined the value of staying “focused” in life, a hard-earned lesson from his early experiences trying to launch ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/07/60268714/michael-saylor-says-he-pursued-10-different-ideas-after-microstrategys-rise-and-learned-this-lesson-the-hard-way\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSDD","symbol_name":"2倍做空MSTR 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Saylor在MicroStrategy崛起后追求“10种不同的想法”，并惨痛地吸取了教训","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/fe530ccdf5f862f99ac3f0b4d6492a4b","symbols_score_info":{"BITX":0.6,"BTFX":0.6,"CBOY":0.6,"EZBC":0.6,"CBXJ":0.6,"MSDD":0.6,"07799":0.6,"BFAP":0.6,"BITO":0.6,"MSTK":0.6,"MSTW":0.6,"BCCC":0.6,"BTCZ":0.6,"BITI":0.6,"QBF":0.6,"MSTZ":0.6,"BITB":0.6,"BTC":1.81,"MSTP":0.6,"BTF":0.6,"FBTC":0.6,"BTCI":0.6,"HODL":0.6,"LMI3.UK":0.6,"CBTY":0.6,"MSTY":0.6,"XBTY":0.6,"YBTC":0.6,"BTCW":0.6,"BAGY":0.6,"BETE":0.6,"MSII":0.6,"WNTR":0.6,"CBXO":0.6,"BFJL":0.6,"CBTA":0.6,"MNRS":0.6,"MAXI":0.6,"SBIT":0.6,"BITU":0.6,"BTCO":0.6,"SMI3.UK":0.6,"BPI":0.6,"BITY":0.6,"09399":0.6,"GBTC":0.6,"CBXA":0.6,"SMST":0.6,"MST":0.6,"09799":0.6,"MSTR":1.97,"ARKB":0.6,"DFII":0.6,"BTCC":0.6,"IBIT":0.6,"CBOJ":0.6,"3LMI.UK":0.6,"CBOA":0.6,"BETH":0.6,"CBTJ":0.6,"CBXY":0.6,"MTYY":0.6,"APED":0.6,"MSST":0.6,"BTCL":0.6,"DEFI":0.6,"MSOO":0.6,"IMST":0.6,"3SMI.UK":0.6,"BRRR":0.6,"BTRN":0.6,"CBOO":0.6,"CRPT":0.6,"BITQ":0.6,"07399":0.6,"MSTY.UK":0.6,"CBTO":0.6},"content_text":"Michael Saylor, co-founder and Executive Chair of Strategy Inc. (NASDAQ:MSTR), once underlined the value of staying “focused” in life, a hard-earned lesson from his early experiences trying to launch multiple businesses.\nDuring the \"When Shift Happens\" podcast that aired May 21, Saylor recalled that his first company, which was then called MicroStrategy, had become broadly successful and surpassed a $1 billion valuation.\nBut instead of focusing “150% of his energy” on cultivating that one business, as he put it, he proceeded to launch multiple other ventures.\n” I tried to launch 10 other businesses because I had 10 other ideas,” the Bitcoin (CRYPTO: BTC) bull said.\nSaylor specifically mentioned Alarm.com Holdings Inc. (NASDAQ:ALRM), an independent billion-dollar public company today.\n“We launched it, then we spun it off, and what I discovered is I can’t manage the two, and I would cripple its growth unless I let go of it,” he acknowledged.\nSaylor then talked about a company called BusinessAngel.com, which he couldn’t grow and had to ultimately sell it for $100 million.\n“We did all these things, and most of them didn’t end up being more successful; none of them were more successful than the original MicroStrategy,” he added.\nIn hindsight, Saylor views this as a common theme among certain entrepreneurs: they get their first “big dose of success” and then immediately scatter into a bunch of other projects.\n“And the problem is you dilute your focus. You get distracted,” he said. \nSaylor said the best advice he could give to youngsters is, “If you’ve got something that’s working, focus.”\nSaylor, with an estimated net worth of $3.3 billion according to Forbes, founded business analytics software firm MicroStrategy. He later steered its corporate coffers into Bitcoin, rebranding it as \"Strategy.\"\nThe company, as of this writing, is worth over $36 billion.\nPhoto Courtesy: Vitalii Vodolazskyi on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2649927426","isCrawlerRequest":true}