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First Round Capital has measured the influence that Elon Musl and other billionaires have in Silicon Valley.
Elon Musk has become one of the most influential personalities in the market and now that he owns Twitterthere are new rules in the market of social networks, one of them is to charge 8 dollars to have a Verified account. The billionaire took this action as his first action at the head of the social network, to capitalize on the platform and help users live the experience of having their accounts recognized by the social network, which had followed an unknown algorithm to determine which accounts could and which ones do not show off such recognition.
— Elon Musk (@elonmusk) November 1, 2022
Elon Musk is one of the most inspiring billionaires in the technology market and based on a study by First Round Capital, which he conducted before he became the richest man in the world (Forbes), the creator of Tesla was the figure that most inspired among the owners of digital and technological ventures, better known as the Silicon Valley market.
The personality now owns Twitter and is added to the select group of billionaires such as the Chinese Zhang Yiming, owner of TikTok and with a fortune of 50 billion dollars, as well as Mark Zuckerberg, owner of Facebook, with a fortune of 67 thousand million dollars, which are now measured by studies such as the “World’s Billionaires List: The Richest in 2022”.
Billionaire making business decisions
Elon Musk has already been described in homonymous books, such as the one written by Ashlee Vance, as a boss without limits when it comes to working hours or ways of working that he has imposed on the team of collaborators, in his companies such as Tesla or SpaceX.
Now this way of being is being checked again due to an alleged labor decision that would be imposed among Twitter employees, when an internal message has been leaked where the order is forceful, when it has requested that the account verification service be updated , to be able to pay, among other possible changes, for the appearance of said certificate in your Twitter account.
“This has to be the most important job we do this week. The expectation is to literally work 24/7 to get this out. All divisions of the company are doing the same, “quotes the alleged message.
The labor decisions that Musk makes have even been the subject of investigation to find out what his rules are in the workplace and this was deduced, when they released an alleged email that Musk addressed to his employees, giving recommendations for a better use of the weather.
The number of meetings has to be regulated, as it ensures, you have to work on the results of the collaborators. Another rule is that you should reduce the time these last in case you have to carry them out. A third rule has been to lose the fear of leaving a meeting in which you are not contributing, as it ensures that it is not rude to do so, what is really rude is making people stay in it.
One more rule was to avoid inhibiting communication, so that the greater clarity, in that proportion, a better performance of the activities carried out in a company is achieved, by having perfectly clear what certain products or operations are called, by avoiding Give them names that are difficult to understand.
Just like Musk, we have already made known the decisions made by the great billionaires of technology companies and at the time we talked about personalities such as Bill Gates, creator of Microsoft and whom we know in the voice of his now Chief Marketing Officer, Chris Capossela, how to organize your day based on activities and objectives to meet, revealing that you can work based on segments of priorities in a day or meeting perfectly well-defined annual goals.
These cases give us an idea of how new labor trends are being assumed, hand in hand with great personalities who have an important control in the technological industry and social networks, which are currently in force.