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Tony Fadell

Innovation Must Never Stop (Even If You’re #1)


In this episode

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) Introduction

  • Learning 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 know
  • When 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 childhood

  • Selling eggs to neighbors as a young kid (money = freedom)
  • Degree in Electrical Engineering and Computer Science studies
  • As a sophomore, made an improved processor for Apple 2 – offered it to Apple and Apple bought it!

(16:44) The value of cold calling skills

  • The 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 way
  • Tony’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 opportunities

  • General Magic – failed
  • 6 years in Silicon Valley of failure
  • In 2000 Internets stocks tanked, the market froze
  • Called to work for Apple when the company was about to bankrupt
  • Apple was developing a new generation of Walkman
  • Randall’s experience with Apple

(40:25) Tony at Apple

  • 6-week contract to research and design the iPod
  • The importance of constant improvement
  • Innovation must never stop, even if you’re #1 (you must be ahead your competition)

(48:59) What is an entrepreneur?

  • Someone who disrupts the market
  • Resonate with people in the first 30 seconds
  • Start with a pain and offer the painkiller (the development of iPhone – solved the issue of taking three devices with you)

Resources Mentioned:
Nest Thermostat: https://store.google.com/us/product/nest_thermostat
Apple: https://www.apple.com/
Build: An Unorthodox Guide to Making Things Worth Making, Tony Fadell: https://www.amazon.com/Build-Unorthodox-Guide-Making-Things/dp/0063046067

Sandee – https://sandee.com/
Bliss: Beaches – https://www.amazon.com/Bliss-Beaches-Randall-Kaplan/dp/1951836170/

Want to Connect? Reach out to us online!
Website – https://insearchofexcellencepodcast.com
Instagram – https://www.instagram.com/randallkaplan/
LinkedIn – https://www.linkedin.com/in/randall-kaplan-05858340/



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