- Just Go Grind
- The Enduring Ambition of Michael Bloomberg
The Enduring Ambition of Michael Bloomberg
The First 15 Years Building the Bloomberg Empire
Hey! Justin here, and welcome to Just Go Grind, a newsletter sharing the lessons, tactics, and stories of world-class founders! Today’s edition is available in full for premium newsletter subscribers. Free subscribers get access to 1-2 founder deep dives per month. Want full access? Start your 14-day free trial of Just Go Grind Premium today:
[Book Launch] Channels of Growth 🔥
a short read to become a much better growth marketer
Hey friend 👋 my name is Koby, Head of Growth @ Rupa Health!
Today… I’m taking over this sponsored section in your newsletter because I’m launching a short book I wrote called Channels of Growth.
Channels of Growth is a Growth Marketing framework for dominating channel and building better products.
It combines lessons learned from $100M+ spent growing companies over the course of a decade. Check it out if you want to get better at marketing. :)
“An absolute masterclass on growth strategy” - Ben Easton
“Full of real-world examples and written from the POV of someone who’s actually grown a tech company to a 9-digit valuation” - Rosa Hamalainen
Interested in sponsoring Just Go Grind? Learn more and get in touch here.
Michael Bloomberg started his eponymous financial data company in 1981, a company that in 2022 did more than $12 billion in revenue and one that he still owns 88% of today.
As a result, it’s made him one of the fifteen richest people in the world.
Today, we’re diving into his story and how he built the juggernaut this is Bloomberg.
To write today’s deep dive, I read the book Bloomberg by Michael Bloomberg, the revised and updated edition published in 2019. For the full story, I highly suggest you check it out.
Let’s get to it.
Michael Bloomberg grew up in Medford, Massachusetts, a town just outside of Boston.
From his parents, he developed the attributes that would one day contribute to his outsized success:
Just like Travis Kalanick would many years later, selling Cutco knives in high school, Michael gathered sales experience early in life, selling Christmas wreaths door-to-door to pay for his Boy Scout summer camp lodging.
Bored throughout most of high school, two honors courses in history and literature piqued his interest and had a profound impact on him:
He also learned the value of studying history:
While few of his high school classmates went to college, with vocational training instead being the focus, Michael took a different path.
The work ethic he displayed throughout his life was apparent early on and led him to Johns Hopkins University:
At Johns Hopkins he honed his people skills, skills he’d put to good use years later, by becoming president of his fraternity and even his class.
After Johns Hopkins, he attended Harvard Business School, graduating in 1966.
He described his time there as “well spent” but had no idea what he’d do after:
Whatever path he chose, he was determined to succeed.
Ultimately, Michael chose to work at Salomon Brothers over Goldman Sachs.
While he’d make less money, it was a better culture fit, an important component for him and why he said he’d never leave:
At Salomon in June 1996, even as a Harvard MBA, he started from the bottom:
Of course, he worked his way up the ladder, putting in more hours than almost anyone else, and building relationships with the higher-ups:
Lesson to be learned here for the youngsters. Put in the time and build relationships.
But Michael had fun too, living by the “work hard, play hard” mantra:
Subscribe to Just Go Grind Premium to read the rest.
Become a paying subscriber of Just Go Grind Premium to get access to this post and other subscriber-only content.
Already a paying subscriber? Sign In