Cashing Out: Lessons Learned from George Lucas

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George Lucas signing deal to sell Lucasfilm to Disney for $4 Billion

An entrepreneur by the name of George Lucas just cashed out of the company he founded and built: Lucasfilm.

Unlike many entrepreneurs who build companies these days, George Lucas didn’t raise any VC money.

And that means he gets to keep the whole check Disney wrote for his company, which was for a not-inconsequential $4 billion.

How did George Lucas build a company worth $4 billion without any outside investors?

Here are the key points:

He quit an early career when he realized it wasn’t right for him (he wanted to be a race-car driver…until he almost got killed in a crash)

He made a type of product he loved and cared deeply about (movies)

He made–and learned from–lots and lots of different products (There were many Lucas movies before Star Wars)

He evolved (Lucas’s early movies were artsy non-commercial films)

He studied and learned from the best mentors…

Read more: Henry Blodget, Yahoo

 

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