Elon Musk:

Maybe it's helpful to say one of the things that was important then, in the creation of PayPal, was how it started. Because initially-the initial I thought with PayPal was to create an agglomeration of financial services. So all of your financial services needs would be seamlessly integrated and work smoothly.

And then we had, like, a little feature, which was to do e-mail payments. Whenever we'd show the system off to someone, we'd show the hard part, the agglomeration of financial services, which was quite difficult to put together. Nobody was interested.

Then we'd show people e-mail payments, which was actually quite easy, and everybody was interested. So it's important to take feedback from your environment. You want to be as closed-loop as possible.

So we focused on e-mail payments and really tried to make that work. And that's what really got things to take off. But if we hadn't responded to what people said, then we- we probably would not have been successful. So it's important to look for things like that and focus on them when you see them, and you correct your prior assumptions.

Elon Musk:

Maybe it's helpful to say one of the things that was important then, in the creation of PayPal, was how it started. Because initially-the initial I thought with PayPal was to create an agglomeration of financial services. So all of your financial services needs would be seamlessly integrated and work smoothly.

And then we had, like, a little feature, which was to do e-mail payments. Whenever we'd show the system off to someone, we'd show the hard part, the agglomeration of financial services, which was quite difficult to put together. Nobody was interested.

Then we'd show people e-mail payments, which was actually quite easy, and everybody was interested. So it's important to take feedback from your environment. You want to be as closed-loop as possible.

So we focused on e-mail payments and really tried to make that work. And that's what really got things to take off. But if we hadn't responded to what people said, then we- we probably would not have been successful. So it's important to look for things like that and focus on them when you see them, and you correct your prior assumptions.