The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 12 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Dyson: Experienced hires from existing companies bring habits that resist change
“The older you get, the more you try to apply your experience. And if you've come from an existing company, we may have picked up bad habits. I'm not saying we don't have bad habits at Dyson, but I'm saying you picked up the habits of that company, which may no…”
Dyson bought out Jeremy Fry's 49% stake for £45,000
“He just said, I hate lawsuits, and my financial advisor thinks the vacuum cleaner's going nowhere, and he owned 49% of the business.
So what'd you buy an hour for?
I bought him out.
45,000 pounds.”
Dyson refuses to sell motors to third parties despite lost profits
“It's not a good commercial decision that, by the way, the one I've taken. Because I could have a division that dealt with other people, supply matters to other people, which I'm sure would make money.”
James Dyson owns 100% of his multi-billion dollar company
“You own a hundred percent of Dyson.
Yes.”
Dyson spent £500 million on its cancelled electric car project
“Well, we spent about 750,000. A million. I keep working in pounds. Half a million. Half a billion pounds.”
Dyson: Engineers must build and test prototypes themselves to truly learn
“Because you, I, our engineers do their own tests and build their own prototypes because there's something funny about the process of actually making the prototype yourself that you learn, and when it fails, it may have been something you noticed as you were gl…”
Dyson: All major vacuum incumbent competitors rejected licensing cyclonic technology
“When I was trying to license it to, I went to all the people who are now my competitors, and a lot of others as well, and they all turned it down. They were all quite interested in it, but turned it down.”
Dyson produces approximately 30 million digital motors annually
“Oh, we've made about a hundred and fifty million of them.
David Senra: A year though now?
James Dyson: Yeah, we make about thirty million a year.”
Dyson runs his private company with public company governance structures
“For example, I have non-executive directors. I run the business as though it was a public business, but it's a private business. And I think it's very important to have good people advising you.”
Dyson built 5,127 failed prototypes before perfecting his vacuum cleaner
“In my case, and I counted it, it's 5127 times.”
Dyson: Developing proprietary electric motors took a decade with academic recruits
“So I recruited some people from British universities who are academics, who knew about electric motors, and we started as a non-electric motor manufacturer, developing our own motor. It took a long time, took 10 years.”