Friedberg describes Koch Industries as a family business founded in 1940 with 120,000 employees across diverse sectors in 60 countries.
“It's a family owned business based out of Wichita founded in 1940 by Fred Koch with businesses ranging from energy, agriculture, chemicals, building products, consumer products, even cloud computing, and a very active minority investment portfolio a 120,000 plus employees, that statistic might be off across 60 countries.”
Friedberg states Koch Industries scaled 9,000X by building a compounding advantage through its operating principles and reinvestment.
“And you've scaled 9,000 X. You've built a compounding advantage in your business. Right. As is the case with all successful capitalists, you build a compounding advantage.”