Wednesday, 8 December 2010
#3 When it's rational to be quite irrational
Well, here's a little story for you.
When the concept of Xerox was first invented by a chap called Chester Carlson in 1938, it took him five whole years to convince someone to put their trust and money behind him in order to even develop the first commercial copier machines. No one would believe the poor guy that there was a market for this sort of thing until a company called Haloid bought a licence to the whole idea and by 1961 was listed in the NY stock exchange. That's pretty serious stuff, and the company was worth $37 million at the time. And I can imagine that during that FIVE years of going around telling people about his idea he must have had a fair few people rubbish it.
So next time someone puts down your ideas, and this applies to everyone there, sit back... reflect... because you never know.