The Biography of The Founder of Glock

“Within three hours of the attack, Glock had moved forty million to a secret Swiss account.”

“This guy was 50 years old. He was managing a car radiator Factory outside of Vienna. He had a small manufacturing business on the side. He had never made a gun. I don't even think he owned a gun. And yet within a decade, he goes from zero to billionaire.”

“The garage metal shop expanded over time to make steel blades, which so impressed Austria's Ministry of Defense that Glock obtained a contract to supply field knives and bayonets to the Austrian army.”

“As Gaston Glock himself put in an interview, that I knew nothing was my advantage, that I knew nothing was my advantage. He gets to start with a blank sheet of paper. All of his competitors have decades, in some kind, in some cases, centuries, of built-up proc…”

“The limited moving parts, the simple product, the simple business processes they all created, allowed them to stack advantages at one after another.”

“He shot alone using only his left hand. If the gun blew up on him, he would still have his good right hand.”

“He filed for an Austrian patent On April 3019 81, it was his 17th invention, so he called the gun, he called his gun, the Glock 17.”

“To this day, the Glock family owns the company.”

“The important thing that gave him his big price advantage was that he designed the pistol for complete production on computer controlled tools.”

“Clock produced the simplest handgun with only 34 components.”

“The Glock XVII was put through a preliminary firing run of 10,000 rounds. The Glock malfunctioned just once.”

“One of the largest problems in getting a new design accepted by an established manufacturer is not just the quote unquote, not invented here syndrome, but also the, we don't have that tooling syndrome.”

“The American civilian gun-buying population tends to gravitate towards what the professionals carry, and as a result, for Glock, this will, this translated into a bonanza.”

“Smith and Wesson ignored Glock at first, then they scoffed at him, and eventually they began imitating him. He actually sues them later on and wins, like, a patent infringement case against them.”

“The biggest sales opportunity of Glock's entire career was somebody else's idea.”

“The Austrian counterparts give the U.S. Secret Service a gift. They give them a bunch of Glocks. The U.S. Secret Service agents return with unusual gifts from their Austrian counterparts. Three high capacity black polymer pistols. It was Glocks first official …”

“He objected to the Pentagon's insistence that the rights to manufacture the winning gun design would be open to competitive bidding. Glock intended to collect all profit from the production of his gun himself.”

“Glock's gross margins exceeded 65%. By comparison, Smith and Wesson and Beretta ranged five to 20% of profit.”

“They unveiled the Glock at a trade show in America. They sell 20,000 units on the first day.”

“More than 1000 requests for free samples of law enforcement agencies in 1986 alone. Glock would send the guns for free, said, hey, if you want to keep them, just send us a check, and the check, the price would be heavily discounted because Glock knew that the …”

“The deals worked financially because of the company's startlingly low manufacturing costs, which Glock was able to push down even further to less than a hundred dollars a unit as its production volume grew.”

“The company sells more than 20,000 guns a month at an average cost of 600 dollars a piece. They've sold over 500,000 Glocks in North America alone. Four out of five Glocks produced in 1995 were purchased by civilians who paid much higher prices than police dep…”