After dropping out of high school at 16 years old, and failing a few business ventures, Richard Branson struck gold with Virgin Records. After creating a $17 million arsenal of annual revenue through more than 50 companies, Branson founded Virgin Airlines and nearly lost it all. Forced to sell his record company, he took a new business approach which he called “adventure capitalism”, licensing his company name in exchange for a controlling interest and expanding the Virgin empire to more than 200 companies.
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