Powerful ideas from top nonfiction
Try Blinkist to get the key ideas from 5,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trial
Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Listen to the Intro
You Only Have to Be Right Once summary
Randall Lane
The Unprecedented Rise of the Instant Tech Billionaires
3.9 (27 ratings)
17 mins
8 key ideas
Audio & text
What is You Only Have to Be Right Once about?
Based on Forbes magazine interviews with some of Silicon Valley’s most successful tech entrepreneurs, You Only Have to be Right Once outlines how today’s tech wunderkinds achieved their successes.
About the Author
Randall Lane is the editor of Forbes and the former editor-at-large of Newsweek and The Daily Beast.
Table of Contents
You Only Have to Be Right Once
summarized in 8 key ideas
Audio & text in the Blinkist app
Key idea 1 of 8
Many tech-billionaires achieved their success by boldly pursuing a dream.
If you want to be successful in life, what’s the best path to take? Here’s the conventional answer to that question: work hard at school and then find a mentor to help you along your career — which you should pursue at a slow and steady pace.
Although this approach probably sounds familiar, most of today’s mega-successful young entrepreneurs — the tech-billionaires — followed a different path. For them, success was all about boldly pursuing a dream and ignoring what society expected of them.
Let’s look at one example: when he was just 23-years-old, Evan Spiegel, the co-founder of Snapchat, turned down Facebook’s offer to buy his company for $3 billion. Although it’s too early to tell whether his decision was wise, we can still learn from Spiegel’s stratospheric path to success.
Like many other successful entrepreneurs, Spiegel learned how to get his own way at a young age. When his high-powered lawyer parents split up, Spiegel used it to his advantage: his dad refused to buy him a BMW, so Spiegel moved in with his mother. It wasn’t long before his dad caved and bought him the car.
There’s another similarity between Spiegel and his entrepreneurial peers: that he dropped out of college to pursue his startup. He and Snapchat co-founder Bobby Murphy came up with the idea for their app while they were still in college, but struggled to get the concept to take off. Although their parents pestered them to look for “proper jobs,” the duo stayed true to their dream.
And finally, they received an investment from a venture capitalist. Spiegel promptly quit college (weeks ahead of graduation) and started on Snapchat day and night.
And of course, you know how this story ends: Spiegel’s efforts paid off and Snapchat became one of the world’s most popular apps — so popular that Facebook offered to buy it for $3 billion.
Want to see all full key ideas from You Only Have to Be Right Once?
Key ideas in You Only Have to Be Right Once
More knowledge in less time
Read or listen
Get the key ideas from nonfiction bestsellers in minutes, not hours.
Find your next read
Get book lists curated by experts and personalized recommendations.
Shortcasts New
We’ve teamed up with podcast creators to bring you key insights from podcasts.
Who should read You Only Have to Be Right Once
- Anyone interested in how the world’s most successful entrepreneurs made their money
- Budding techies and business people
- The next Mark Zuckerberg
Categories with You Only Have to Be Right Once
Books like You Only Have to Be Right Once
What our members say
Sven O.
It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.
Thi Viet Quynh N.
Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.
Jonathan A.
Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.
Renee D.
Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.
Start growing with Blinkist now
25 Million
Downloads on all platforms
4.7 Stars
Average ratings on iOS and Google Play
91%
Of Blinkist members create a better reading habit*
*Based on survey data from Blinkist customers