Tony Fadell: Innovation Must Never Stop (Even If You’re #1) | E46

Tony Fadell is an amazing and successful engineer, entrepreneur, and investor. He is the father of the iPod, co-creator of the iPhone, founder and former CEO of Nest Thermostat, and the founder of Future Shape, a global investment and advisory company.In 2014, Tony Fadell was one of the Time Magazine’s 100 most influential people in the world. He is also a NY Times bestselling author with his book Build: An Unorthodox Guide to Making Things Work.It’s a true pleasure to have Tony on our show and hear how he searched and found his excellence!(00:28) IntroductionLearning from his dad about building trust in business (relationships, not transactions build trust)50% is what you know and the other 50% is who you knowWhen rejected for a job, don’t take it personally (send follow-ups, keep the line open create the conversation, ask how to improve)(10:18) Tony’s childhoodSelling eggs to neighbors as a young kid (money = freedom)Degree in Electrical Engineering and Computer Science studiesAs a sophomore, made an improved processor for Apple 2 – offered it to Apple and Apple bought it!(16:44) The value of cold calling skillsThe first job in Silicon Valley – got it through cold calling (overcome the fear of cold calling)Know how to tell your story to engage people – what value you can bring?(21:13) Is education worth it?Most people attend college in the wrong wayTony’s mantra "Do, Fail, Learn"The importance of internships (do a lot of things to know what you don’t want to do)After college, go and learn from experts(28:30) Turning disappointments into opportunitiesGeneral Magic – failed6 years in Silicon Valley of failureIn 2000 Internets stocks tanked, the market frozeCalled to work for Apple when the company was about to bankruptApple was developing a new generation of WalkmanRandall’s experience with Apple(40:25) Tony at Apple6-week contract to research and design the iPodThe importance of constant improvementInnovation must never stop, even if you’re #1 (you must be ahead your competition)(48:59) What is an entrepreneur?Someone who disrupts the marketResonate with people in the first 30 secondsStart with a pain and offer the painkiller (the development of iPhone – solved the issue of taking three devices with you)Resources Mentioned:Build: An Unorthodox Guide to Making Things Worth Making, Tony FadellNest ThermostatAppleSponsors:Sandee | Bliss: BeachesWant to Connect? Reach out to us online!Website | Instagram | LinkedIn