There would be few who could claim to have never heard of the charismatic billionaire founder and chairman of the Virgin Group, Sir Richard Branson. A dropout at 16, he turned his hand to publishing with the magazine aptly named Student. As if that wasn’t enough, he turned to successfully selling records via mail order, then opening a record store when the postal strike shut down their distribution. Not too long after that he found himself opening a recording studio in a country mansion, and his London shop turned into a national chain through rapid expansion, and so on.
When the first bank asked him what he was going to do when he asked them for that first big £30k loan, they must have thought him a madman for dreaming of an airline, music business, etc. When Branson and his band of cohorts ended up with the name Virgin, as it would be cool to have at least one still in the room if only by name, no one could have imagined (apart from Branson himself of course) what an economic empire this would become years later.
One could argue that Branson was lucky on numerous occassions – from finding Mike Oldfield, who basically bankrolled Virgin Records for quite some time, to surviving his balloon adventure gone pear-shaped. But being that lucky takes hard work! Obviously a cunning communicator and extraordinarily gifted people manager, he also had the guts to put his companies on the line for something or someone he believed in. Rarely do great rewards come without great risks and he seems to have known that since his childhood.
Turn the clock forward a few decades, and while Necker Island might be the envy of men and women everywhere, it is Virgin Group‘s recent acquisition of The Spaceship Company and what that is leading into that’s the really exciting news these days. In partnership with Scaled Composites, the company is building a fleet of ships that will catapult Virgin Galactic into the history books as the first operational spaceline, possibly already at the end of 2013. Life just doesn’t get much cooler than that…