A cool thing about blasting out emails is what you get back.
Last week when I emailed my rolodex of many outdated contacts to tell them about my recent book, I got all sorts of interesting replies.
One I really enjoyed was from this man, Donald Huang, who updated me on what he’d been doing since we worked together at Goldman Sachs in Menlo Park in 2002.
After working as an investor for a decade or so, Donald struck out to bet on himself and build a company of his own.
Seeing the obvious need back in his homeland of China, in 2014 Donald founded a company that today is the third largest provider of second-hand auto loans in the country, providing some $1 billion of loans a year.
I love to hear stories like his. I love people betting on themselves, and I especially love people building businesses that fill a great need.
In China, where only some 13% of the population owns a car, Donald’s company unlocks for many people what we consider to be a basic human freedom.
At its worst, capitalism is a system of exploitation, yet, at it’s best, capitalism is the engine that drives a higher standard of living for each and every human.
The difference is leaders who build businesses that serve a greater good.
Here is Donald at the Beijing Auto Show.