#123 Albert Champion (Record-Setting Racer to Dashing Tycoon)
Founders1 Mai 2020

#123 Albert Champion (Record-Setting Racer to Dashing Tycoon)

What I learned from reading The Fast Times of Albert Champion: From Record-Setting Racer to Dashing Tycoon, An Untold Story of Speed, Success, and Betrayal by Peter Joffre Nye. ---- [0:01] A brief summary of the life of Albert Champion: Champion had been born in Paris April 2, 1878. By age twelve he was an errand and office boy for a Paris bicycle manufacturer. He became interested in bicycle racing, won the middle-distance championship in France, and went to the United States in 1899 for a series of races. He won the American and world championships, returned to France to study automobile manufacturing, and returned to the United States in 1900. He tried auto racing, almost lost a leg in a racing accident, and then organized the Champion company. His original backers kept the name and moved the company to Toledo at about the same time Champion joined Durant. In Flint, Champion became known as one of the most colorful and flamboyant figures in a town full of them. He lived to see both his new company, later named the AC Spark Plug Division (using his initials), and the company he had left, the Champion Spark Plug Company, become giants in their field. He was a multimillionaire when he died. [2:55] His father dies at 47 years old: One of the turning points in Albert’s life is the early death of his father. He had to become the breadwinner of the family at 12 years old. The experience formed Albert’s character. For the rest of his life, he threw himself into work, forever escaping into the task at hand, keeping busy, always planning new projects, in time building up a business with factories in three countries and offices of his own. [6:19] Albert Champion was a showman who was addicted to self-improvement: He was willing to put in the work necessary for self improvement. Champion practiced rising a unicycle everyday. He learned how to draw onlookers and hold their attention. Champion had discovered the value of self—improvement. He would apply that principle again and again. [9:15] Adolphe Clement is a blueprint for Albert Champion: Clement goes from poor orphan to building a successful bicycle and automobile manufacturing company. [13:46] How do you introduce a brand new product to a society that is resistant to change? You sell to those who would be willing to pay for improvement: Dunlop pneumatics faced a tough sell with a public forever wary about buying a new product —only persuasive evidence would sway the public to accept change. Clément could count on the rabid racing crowd to try anything they thought could give a competitive edge. [15:53] What Albert Champion learns from watching a 750 mile bicycle race—tenacity is more important than talent: A chord struck with Champion that Terront came from nothing, a nobody. Yet through the force of willpower, keeping his wits under extreme physical demands that made Lavel give in, and drawing on the strength of his body, Terront turned into a grand winner. Perhaps Laval had more talent, which he showed as the first to reach Brest. Nevertheless, Terront had greater tenacity — and that difference made him the victor. [22:17] Attaining glory motivated Albert Champion: Racing was about making money for the dual compelling needs that invigorated him. He gained financial support for his family and the ego endorsement enjoyed by entertainers and politicians. As his ego grew, he needed to impose himself on crowds of strangers and win their love. Each race he won was greeted immediately with audience approval followed by a bouquet of flowers, a victory lap, then a cash award. [23:49] Lessons Albert Champion learned from his trainer Choppy Warburton: Warburton offered two axioms from his experience about competition that impressed Champion. No lead is too great to overcome, and you can’t win unless you think you can. [25:01] Albert Champion on the benefits from the strenuous training regiment Choppy made him endure: But Choppy was doing something — he was educating me to take punishment, and whenever I began to tire in a race, the grueling training I had would permit me to overcome the fatigue and come out victorious time and time again. No matter what game a man is in, he is only as big as the amount of punishment he is able to take. He educated me on the importance of physical training, for as the old saying goes, you cannot be mentally fit unless you are physically fit. [34:12] Albert Champion’s personality: Champion, quick—tempered as usual , grew disgusted with colleagues he saw riding with caution rather than daring. [36:31] Albert Champion’s plan to raise money so he could start his own company: Champion felt the onus to create his own business to serve America’s mushrooming auto production. He considered forming a company , taking advantage of his name recognition, to import French auto parts, especially spark plugs. To get in the business, he needed capital. To acquire the needed capital, he would have to win frequently in his final season as a pro cyclist. He determined to go all out for one last campaign — not in America, but in France. The purses were much bigger there, and he could win the money he’d need in order to establish his own business. Albert staked his ambitious future on capturing the title en route to raising the money to create his place in the nascent US auto industry. [43:40] Albert Champion on the importance of continuous learning: He told an interviewer that one of his constant efforts was to manage his time for more and better work. He explained that he always sought to improve everything he did. I remember a salesman one time telling me that he knew the game from A to Z. He stated that nobody could tell him anything about selling. That was to me the best proof possible that he knew nothing about selling because those who really understand merchandising, manufacturing, or anything else that is important in life are those who realize how little they really know about it and how much there is to learn every day. [47:25] Billy Durant prioritized speed. Durant recruits Albert Champion to move to Flint the same day they meet: Durant sounded out Champion before nudging the focus toward recruiting him to Flint. Durant later recalled: If he were quite sure that he could make a plug that would answer our purpose, I suggested that we go to Flint, and if he liked the place and the layout, I would start an experimental plant, and if he could make good, I would give him an interest in the business. (this later makes Albert very, very rich) He had never been to Flint, knew nothing of the Buick, or the plans I had for the future. [55:10] Albert Champion invested heavily in research and development. This is why: I spent a fortune on spark plug experiments at the start. My friends thought I was crazy. I knew I was right. He put prototypes through long and rigorous tests before submitting patent applications. More durable spark plugs would benefit passenger cars. He said: “Keep ahead of the race. That is what brings success. It makes the great racer. It makes the successful businessman. No champion ever arrived resting on the oars.” [56:33] Albert Champion on the similarities of athletic competition and building a business: I have always felt that the education and training I received as a bicycle racer was a great help in business because it is a game in which you train to fight and win. He emphasized that experimenting and learning leads to progress: I always remember what a friend of mine once told me. He was a well—known chemist, an authority in the automobile world. He said that four times during his life he has had to scrap his knowledge of chemistry and begin again at the start. He was not only happy about it. He is ready to do the same thing over and over when he finds it necessary. [1:03:20] The legacy of Albert Champion: His death closed a career as brilliant as that of any Horatio Alger hero, from errand boy in Paris, France, to millionaire automobile accessories manufacturer in America. The spark plug designs, dashboard speedometers, and companies Champion started have stood the test of time. Today the Champion Spark Plug and ACDelco brand names are recognized around the world. More than 200,0000 people a year attend performances at the Boston Center for the Arts, all passing the brass plate celebrating his Albert Champion Company, where he had made his first Champion spark plugs. Approximately 50 million vehicles operating in the United States are currently on the road with ACDelco spark plugs, filters, brakes, and other components. And every April at the Paris Classics bicycle race, another winner’s name is added to Albert Champion’s on the roster of legends. ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

Episoder(436)

#411 Tortured Into Greatness: The Life of Andre Agassi

#411 Tortured Into Greatness: The Life of Andre Agassi

Andre Agassi's autobiography is a brutally honest story about a tennis legend who hated the game that made him famous. Agassi traces his journey from a harsh, obsessive childhood training regimen to superstardom, burnout, rebellion, and eventual redemption—revealing the psychological cost of greatness, the search for identity beyond winning, and how he ultimately found purpose on his own terms. This book was as good as everyone says it is. You should read it. Episode sponsors: ⁠ Ramp⁠⁠⁠⁠⁠⁠⁠ gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud ⁠⁠⁠by going to Ramp and learning how they can help your business save time and money.⁠⁠⁠ Automate compliance, security, and trust with Vanta.⁠ ⁠⁠⁠Vanta helps you win trust, close deals, and stay secure—faster and with less effort⁠⁠⁠⁠. ⁠⁠⁠ Make sure you go to VANTA.COM/FOUNDERS and you'll get $1000 off. Collateral⁠⁠ transforms your complex ideas into compelling narratives. Collateral crafts institutional grade marketing collateral for private equity, private credit, real estate, venture capital, family offices, hedge funds, oil & gas companies, and all kinds of corporations. Storytelling is one of the highest forms of leverage and you should invest heavily in it.

4 Feb 1h 1min

#410 Excellent Advice for Living

#410 Excellent Advice for Living

On his 68th birthday, Kevin Kelly began to write down for his young adult children some things he had learned about life that he wished he had known earlier. Kelly’s timeless advice covers an astonishing range, from right living to setting ambitious goals, optimizing generosity, and cultivating compassion. Excellent Advice for Living is the ideal companion for anyone seeking to navigate life with grace and creativity: Episode sponsors: Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud ⁠⁠⁠by going to Ramp and learning how they can help your business control your costs and save time and money.⁠⁠⁠ ⁠⁠⁠⁠https://ramp.com Automate compliance, security, and trust with Vanta.⁠ ⁠⁠⁠Vanta helps you win trust, close deals, and stay secure—faster and with less effort⁠⁠⁠⁠. ⁠⁠⁠Find out how increased security leads to more customers by going to Vanta⁠⁠⁠. Tell them David from Founders sent you and you'll get $1000 off. Collateral⁠⁠ transforms your complex ideas into compelling narratives. Collateral crafts institutional grade marketing collateral for private equity, private credit, real estate, venture capital, family offices, hedge funds, oil & gas companies, and all kinds of corporations. Storytelling is one of the highest forms of leverage and you should invest heavily in it. You can do that by going to ⁠⁠https://collateral.com Some of my favorite quotes from the episode: 1. Choose to believe that the entire universe is conspiring behind your back to make you a success. 2. Mastering the view through the eyes of others will unlock many doors. 3. If you can avoid seeking the approval of others your power is limitless. 4. The reward for good work is more work. 5. Don’t be the best. Be the only. 6. The urgent is a tyrant. The important should be your king. 7. Find smart people who will disagree with you. 8. The main thing is to keep the main thing the main thing. 9. The most counterintuitive truth of the universe is that the more you give to others the more you'll get. 10. Life gets better as you replace transactions with relationships. 11. Courtesy costs nothing. 12. Life lessons will be presented to you in the order they are needed. 13. Cultivate an allergy to average. 14. If you repeated what you did today 365 more times would you be where you want to be next year? 15. If you are alive that means you still have lessons to learn. 16. Master something.Through mastery of one thing you'll command a viewpoint to steadily find where your bliss is. 17. Trust is earned in drops and lost in buckets. 18. First, always ask for what you want. Works in relationships, business, life. 19. If nobody else does what you do you won't need a resume. 20. How to apologize: quickly, specifically, sincerely. 21. You choose to be lucky by believing that any setbacks are just temporary. 22. The best way to advise people is to find out what they really want to do and then advise them to do it. 23. It is certain that 99% of the stuff you are anxious about won't happen. 24. What is important is not what happened to you but what you did about what happened to you. 25. Your golden ticket is being able to see things from other people's point of view. 26. Pay attention to who you are around when you feel best. Be with them more often. 27. To get your message across follow this formula: simplify, simplify, simplify, then exaggerate. 28. You will thrive more when you promote what you love rather than bash what you hate. 29. To be interesting just tell your own story with uncommon honesty. 30. When you truly think for yourself your conclusions will not be predictable. 31. Don’t measure your life with someone else’s ruler. 32. For maximum results focus on your biggest opportunities, not your biggest problems. 33. Pay attention to what you pay attention to.

25 Jan 37min

The Singular Life of Rick Rubin

The Singular Life of Rick Rubin

There's no one like Rick Rubin. He's a legendary music producer known for his minimalist approach and relentless pursuit of greatness. This episode is what I learned from reading ⁠Rick Rubin: In The Studio⁠ by Jake Brown. Episode sponsors: ⁠ Ramp⁠⁠⁠⁠⁠⁠⁠ gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud ⁠⁠⁠by going to Ramp and learning how they can help your business control your costs and save time and money.⁠⁠⁠ ⁠⁠⁠ Go to Ramp.com to learn how they can help your business save time and money. Automate compliance, security, and trust with Vanta.⁠ ⁠⁠⁠Vanta helps you win trust, close deals, and stay secure—faster and with less effort⁠⁠⁠⁠. ⁠⁠⁠Find out how increased security leads to more customers by going to Vanta⁠⁠⁠. Tell Vanta David from Founders sent you and you'll get $1000 off. Collateral⁠⁠ transforms your complex ideas into compelling narratives. Collateral crafts institutional grade marketing collateral for private equity, private credit, real estate, venture capital, family offices, hedge funds, oil & gas companies, and all kinds of corporations. Storytelling is one of the highest forms of leverage and you should invest heavily in it. You can do that by going to ⁠⁠Collateral.com Some of my favorite quotes from the episode: Less is more but you have to do more to get less. Designing a product is keeping 5,000 things in your brain and fitting them all together in new and different ways. (Steve Jobs) Rubin's most valuable quality is his own confidence. If we're going to do this, let's aim for greatness. You have to believe what you're doing is the most important thing in the world. Everybody engaged in complicated work needs colleagues. Just the discipline of having to put your thoughts in order with somebody else is a very useful thing. (Charlie Munger) The key to it is doing what you believe in, as opposed to what you think is going to work. There were never any plans to make anything happen. I just did what I liked and believed in it, and luckily it all worked out. These things that we don't understand and cannot explain happen regularly. The amateur mind possesses a valuable lack of knowledge about rules when matched with passion and gumption gravity ceases to exist and new things take flight.  To be ignorant of what occurred before you were born is to remain always a child. (Cicero) I believe in you so much, I'm going to make you believe in you. I try to make records that have a timeless quality.

16 Jan 1h 20min

#409 The Creative Genius of Rick Rubin

#409 The Creative Genius of Rick Rubin

"I set out to write a book about what to do to make a great work of art. Instead, it revealed itself to be a book on how to be.” —Rick Rubin. This episode is what I learned from reading The Creative Act: A Way of Being by Rick Rubin. Episode sponsors: ⁠ Ramp⁠⁠⁠⁠⁠⁠⁠ gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud ⁠⁠⁠by going to Ramp.com and learn how they can help your business control your costs and save time and money.⁠⁠⁠ Automate compliance, security, and trust with Vanta.⁠ ⁠⁠⁠Vanta helps you win trust, close deals, and stay secure—faster and with less effort⁠⁠⁠⁠. ⁠⁠⁠Find out how increased security leads to more customers by going to Vanta⁠⁠⁠. Tell them David from Founders sent you and you'll get $1000 off. https://www.vanta.com/founders Collateral⁠⁠ transforms your complex ideas into compelling narratives. Collateral crafts institutional grade marketing collateral. Storytelling is one of the highest forms of leverage and you should invest heavily in it. You can do that by going to ⁠⁠https://collateral.com Some of my favorite quotes: (00:00) Just one habit, at the top of any field, can be enough to give an edge over the competition. (1:00) It must have been frustrating for these elite athletes, who wanted to get on the court and show what they could do, to arrive at practice for the first time with this legendary coach only to hear him say, Today we will learn to tie our shoes. The point Wooden was making was that creating effective habits, down to the smallest detail, is what makes the difference between winning and losing games. Each habit might seem small, but added together, they have an exponential effect on performance. Just one habit, at the top of any field, can be enough to give an edge over the competition. (8:41) Faith allows you to trust the direction without needing to understand it. (10:16) If you make the choice of reading classic literature every day for a year, rather than reading the news, by the end of that time period you’ll have a more honed sensitivity for recognizing greatness from the books than from the media. This applies to every choice we make. The friends we choose, the conversations we have, even the thoughts we reflect on. All of these aspects affect our ability to distinguish good from very good, very good from great. They help us determine what’s worthy of our time and attention. Because there’s an endless amount of data available to us and we have a limited bandwidth to conserve, we might consider carefully curating the quality of what we allow in. (14:25) We’re affected by our surroundings, and finding the best environment to create a clear channel is personal and to be tested. (27:57) Rules direct us to average behaviors. If we’re aiming to create works that are exceptional, most rules don’t apply. Average is nothing to aspire to. The goal is not to fit in. Communicate your singular perspective. (28:30) It’s a healthy practice to approach our work with as few accepted rules, starting points, and limitations as possible. Often the standards in our chosen medium are so ubiquitous, we take them for granted. They are invisible and unquestioned. (29:00) The world isn’t waiting for more of the same. Often, the most innovative ideas come from those who master the rules to such a degree that they can see past them or from those who never learned them at all. (38:50) Fear of criticism. Attachment to a commercial result. Competing with past work. Time and resource constraints. The aspiration of wanting to change the world. And any story beyond “I want to make the best thing I can make, whatever it is” are all undermining forces in the quest for greatness. (42:32) To hone your craft is to honor creation. By practicing to improve, you are fulfilling your ultimate purpose on this planet.

8 Jan 43min

#408 How to Make a Few MORE Billion Dollars: Brad Jacobs

#408 How to Make a Few MORE Billion Dollars: Brad Jacobs

In 2024 Brad Jacobs wrote the book How to Make a Few Billion Dollars. In the book Brad explains how he built 8 separate billion dollar companies and other lessons from his 40+ year career as an elite entrepreneur. In the two years since Brad has made a few MORE billion dollars and so the sequel to his first book is: How to Make a Few MORE Billion Dollars. In this episode I share some of Brad's ideas on raising tons of money (Brad has raised over $50 billion), mastering his integration playbook, ideas for organizational integration, org chart design, and how Brad keeps his mind centered and in a positive place to handle the inevitable ups and downs of building great companies. Episode sponsors: ⁠ Ramp⁠⁠⁠⁠⁠⁠⁠ gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud ⁠⁠⁠by going to Ramp and learning how they can help your business control your costs and save time and money.⁠⁠⁠ ⁠⁠⁠⁠https://ramp.com Automate compliance, security, and trust with Vanta.⁠ ⁠⁠⁠Vanta helps you win trust, close deals, and stay secure—faster and with less effort⁠⁠⁠⁠. ⁠⁠⁠Find out how increased security leads to more customers by going to Vanta⁠⁠⁠. Tell them David from Founders sent you and you'll get $1000 off. https://vanta.com/founders⁠⁠⁠ Collateral⁠⁠ transforms your complex ideas into compelling narratives. Collateral crafts institutional grade marketing collateral for private equity, private credit, real estate, venture capital, family offices, hedge funds, oil & gas companies, and all kinds of corporations. Storytelling is one of the highest forms of leverage and you should invest heavily in it. You can do that by going to ⁠⁠https://collateral.com

29 Des 202543min

The Life of Jesus

The Life of Jesus

The Life of Jesus as told in the book Jesus: A Biography of a Believer by Paul Johnson. This episode was originally published on Christmas Eve 2023.

25 Des 202534min

#407 Bruce Springsteen Repairs the Hole in Himself

#407 Bruce Springsteen Repairs the Hole in Himself

A viciously unhappy childhood causes Bruce Springsteen to retreat into work in an extreme way as he searches for success (and control). He channels his pain into focus and drive and gets everything he thought he wanted. He didn’t yet know he was lying to himself. He will find that out soon. He falls into a deep depression. One that almost leads to s*icide. With the help of his true friend Jon Landau he seeks professional help. This help helps immediately. The lie he was telling himself was that work was the most important thing in his life. What he really wanted, was what he was incapable of doing: forming a lasting and loving relationship with a woman. For that he realizes he can’t run. For that he realizes he has to stay. That thought terrifies him and is what caused him to seek help. He meets a truly singular woman and for the first time in his life he's able to have a healthy relationship with someone he loves. This realization comes almost 400 pages into Bruce’s incredible autobiography (one of the best I’ve ever read) and it is shocking. I originally thought I was making an episode about Bruce Springsteen’s extreme work ethic (one example: He wrote this book out by hand, multiple times, over 7 years. It’s almost 600 pages. He’s like this with everything btw.) But as I read, and reread this book over the last 6 months I realized that is not the most important part of the story. The work Bruce had to do to fix his mind is the heart and soul of the book. The work he did with Dr. Wayne Myers over 25 years is what allowed him to have a life. Not just a job. A life. As Bruce says after coming through the other side of this: “Work is work . . . but life . . . is life . . . and life trumps art . . . always.” This is a very unusual episode of Founders. I hope you enjoy it. If you want to skip to the part where he starts dealing with the struggles going on in his mind that starts 46 minutes in. Episode sponsors: ⁠ Ramp⁠⁠⁠⁠⁠⁠⁠ gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud ⁠⁠⁠by going to Ramp and learning how they can help your business control your costs and save time and money.⁠⁠⁠ ⁠⁠⁠⁠https://ramp.com⁠⁠⁠⁠ Automate compliance, security, and trust with Vanta.⁠ ⁠⁠⁠Vanta helps you win trust, close deals, and stay secure—faster and with less effort⁠⁠⁠⁠. ⁠⁠⁠Find out how increased security leads to more customers by going to Vanta⁠⁠⁠. Tell them David from Founders sent you and you'll get $1000 off. ⁠⁠⁠https://www.vanta.com/founders⁠⁠ ⁠⁠⁠ Collateral⁠⁠ transforms your complex ideas into compelling narratives. Collateral crafts institutional grade marketing collateral for private equity, private credit, real estate, venture capital, family offices, hedge funds, oil & gas companies, and all kinds of corporations. Storytelling is one of the highest forms of leverage and you should invest heavily in it. You can do that by going to ⁠⁠https://collateral.com

14 Des 20251h 12min

#406 Christian von Koenigsegg

#406 Christian von Koenigsegg

Christian von Koenigsegg is unapologetically in the pursuit of greatness. Koenigsegg builds some of the fastest and most expensive cars on Earth, has a cult-like following, and relentlessly seeks out challenges he can innovate on. After building his company for more than 30 years, his love and passion for his craft is still as strong as ever. This episode explores some of the most important ideas I found from studying his life and career. It's perfect for anyone that wants to live their dream. Episode sponsors: ⁠ Ramp⁠⁠⁠⁠⁠⁠⁠ gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud ⁠⁠⁠by going to Ramp and learning how they can help your business control your costs and save time and money.⁠⁠⁠ Automate compliance, security, and trust with Vanta.⁠ ⁠⁠⁠Vanta helps you win trust, close deals, and stay secure—faster and with less effort⁠⁠⁠⁠. ⁠⁠⁠Find out how increased security leads to more customers by going to Vanta⁠⁠⁠. Tell them David from Founders sent you and you'll get $1000 off. ⁠⁠⁠https://www.vanta.com/founders⁠⁠ ⁠⁠⁠ Collateral⁠⁠ transforms your complex ideas into compelling narratives. Collateral crafts institutional grade marketing collateral for private equity, private credit, real estate, venture capital, family offices, hedge funds, oil & gas companies, and all kinds of corporations. Storytelling is one of the highest forms of leverage and you should invest heavily in it. You can do that by going to ⁠⁠https://collateral.com Sources: Apex: The Story of the Hypercar Koenigsegg Documentary Ultimate Koenigsegg Factory Tour With Christian Von Koenigsegg BMW Podcast Episode 75 Chronicles of Koenigsegg: The World's Fastest Car Company How To Build A Koenigsegg - NEW Factory Tour How Koenigsegg Sets Hypercar World Records! | Beyond Victory #19 | Nico Rosberg Inside Sweden’s Innovation Factory Christian von Koenigsegg Talks About the Future and His Nerves Leading Up to the Speed Record Christian von Koenigsegg Interview: The Technical Power of Lateral Thinking Interview with Christian Von Koenigsegg Cars and Culture #25 - Koenigsegg Automotive AB CEO & Founder Christian von Koenigsegg Hypercar Boss Chat! Fixing Jaguar, Horsepower Wars & More Koenigsegg History

3 Des 202545min

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