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There was a study done in the early 20th century of all the entrepreneurs who entered the automobile industry around the same time as henry ford; there were something like 500 automotive companies that got funded, had the internal combustion engine, had the technology, and had the vision. sixty percent of them folded within a couple of years.

-Eric Ries

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There Was A Study Done In The

Eric Ries

There was a study done in the early 20th century of all the entrepreneurs who entered the automobile industry around the same time as henry ford; there were something like 500 automotive companies that got funded, had the internal combustion engine, had the technology, and had the vision. sixty percent of them folded within a couple of years.

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    <p style="font-size: 1.2rem; font-style: italic; margin-bottom: 10px;">"there was a study done in the early 20th century of all the entrepreneurs who entered the automobile industry around the same time as henry ford; there were something like 500 automotive companies that got funded, had the internal combustion engine, had the technology, and had the vision. sixty percent of them folded within a couple of years."</p>
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Couple Technology Years

More From Eric Ries

It's so easy to demagogue the issue and make someone who speaks out against the internal-combustion engine sound like an insane communist, when the truth is that the internal-combustion engine is the biggest threat to my life in the next 25 years, in terms of what it's doing to our environment and how it's depleting the ozone layer and so forth.

When henry ford decided to produce his famous v-8 motor, he chose to build an engine with the entire eight cylinders cast in one block, and instructed his engineers to produce a design for the engine. the design was placed on paper, but the engineers agreed, to a man, that it was simply impossible to cast an eight-cylinder engine-block in one piece. ford replied,''produce it anyway.

Henry ford has several times sneered at unproductive stockholders.... well, now. let's see. who made henry ford's own automobile company possible? the stockholders who originally advanced money to him. who makes it possible for you and me to be carried to and from business by train or street car? stockholders.... who made our vast telephone and telegraph service possible? stockholders.... were stockholders all over the country to withdraw their capital from the enterprises in which they are invested, there would be a panic ... on a scale never before known.

Given that the nineteenth century was the century of socialism, of liberalism, and of democracy, it does not necessarily follow that the twentieth century must also be a century of socialism, liberalism and democracy: political doctrines pass, but humanity remains, and it may rather be expected that this will be a century of authority ... a century of fascism. for if the nineteenth century was a century of individualism it may be expected that this will be the century of collectivism and hence the century of the state.

To many of us now, computers, silicon chips, data processing, cybernetics, and all the other innovations of the dawning high technology age are as mystifying as the workings of the combustion engine must have been when that first model t rattled down main street, u.s.a. but as surely as america's pioneer spirit made us the industrial giant of the 20th century, the same pioneer spirit today is opening up on another vast front of opportunity, the frontier of high technology.

I believe fuel cells will finally end the 100-year reign of the internal combustion engine. . . fuel cells could be the predominant automotive power source in 25 years.

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