About seven years ago, I received a call from Blake Scholl—at whom I laughed and said, “You’re crazy.”
He’s now getting the last laugh.
At that time, he told me he was developing a supersonic airliner. I asked him where and he said that he was working on it in his basement/garage. I laughed at him. He was seeking some angel funding to get started and I thought it was ridiculous. What about the regulation? What about the technology needed? What about the Concord crashing and burning? What about that awful reputation?
He answered all my questions rationally and objectively and I became so impressed that I committed to making an investment—which I didn’t expect I’d ever see again. But over the years, I’ve continued to make investments in his company, Boom, as I’ve watched the amazing performance of Blake and his team. I’ve invested in Blake as a man who is an outstanding Objectivist and a wonderful entrepreneur. Now I’m delighted to see his success, as he’s landed an order for 20 Supersonic Airliners from American Airlines, following a large order from United Airlines (his first order).
I’m linking to an article from the business and finance section of the Wall Street Journal:
August 19, 2022