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Richard Branson on the Origins of Virgin


there’s no doubt that at virgin we’ve

there’s no doubt that at virgin we’ve always done things a little differently

always done things a little differently

always done things a little differently we have never followed the business

we have never followed the business

we have never followed the business models of the marketing and the

models of the marketing and the

models of the marketing and the financial gurus we developed our own way

financial gurus we developed our own way

financial gurus we developed our own way of doing business over the years when

of doing business over the years when

of doing business over the years when one night in the winter of 1966 sitting

one night in the winter of 1966 sitting

one night in the winter of 1966 sitting around on cushions in a basement

around on cushions in a basement

around on cushions in a basement we came up with the name of virgin

we came up with the name of virgin

we came up with the name of virgin instead of slip disc records for a

instead of slip disc records for a

instead of slip disc records for a record company I had some vague idea of

record company I had some vague idea of

record company I had some vague idea of the name in Kashi unsuitable to lots of

the name in Kashi unsuitable to lots of

the name in Kashi unsuitable to lots of other products for young people knuckle

other products for young people knuckle

other products for young people knuckle artists were very attracted to the name

artists were very attracted to the name

artists were very attracted to the name which they seemed sexy and off-the-wall

which they seemed sexy and off-the-wall

which they seemed sexy and off-the-wall to them and Virgin Records really took

to them and Virgin Records really took

to them and Virgin Records really took off 1976 when Joan my fiancee and I were

off 1976 when Joan my fiancee and I were

off 1976 when Joan my fiancee and I were on holiday in the British Virgin Islands

on holiday in the British Virgin Islands

on holiday in the British Virgin Islands we were trying to catch a flight to

we were trying to catch a flight to

we were trying to catch a flight to Puerto Rico but the local Puerto Rican

Puerto Rico but the local Puerto Rican

Puerto Rico but the local Puerto Rican that scheduled flight was canceled well

that scheduled flight was canceled well

that scheduled flight was canceled well I made a few calls to charter companies

I made a few calls to charter companies

I made a few calls to charter companies and they agreed to charge for a plane

and they agreed to charge for a plane

and they agreed to charge for a plane for $2000 – for Rico I divided the price

for $2000 – for Rico I divided the price

for $2000 – for Rico I divided the price by the number of remaining passengers I

by the number of remaining passengers I

by the number of remaining passengers I borrowed the blackboard and I wrote

borrowed the blackboard and I wrote

borrowed the blackboard and I wrote virgin airways $39 single flight board

virgin airways $39 single flight board

virgin airways $39 single flight board Rica I walked around the airport

Rica I walked around the airport

Rica I walked around the airport terminal and I still filled every seat

terminal and I still filled every seat

terminal and I still filled every seat on the charter plane as we land in a

on the charter plane as we land in a

on the charter plane as we land in a Puerto Rico passing to turn to me

Puerto Rico passing to turn to me

Puerto Rico passing to turn to me instead virgin airways isn’t too bad

instead virgin airways isn’t too bad

instead virgin airways isn’t too bad smarten up the service a little and you

smarten up the service a little and you

smarten up the service a little and you could be in business

could be in business

could be in business I call failing on my return

I call failing on my return

I call failing on my return asked how much it would cost to rent a

asked how much it would cost to rent a

asked how much it would cost to rent a secondhand jumbo jet for a year what did

secondhand jumbo jet for a year what did

secondhand jumbo jet for a year what did you say your business was again

you say your business was again

you say your business was again well it’s called virgin we sign up great

well it’s called virgin we sign up great

well it’s called virgin we sign up great houses like the Sex Pistols Culture Club

houses like the Sex Pistols Culture Club

houses like the Sex Pistols Culture Club Janet Jackson The Rolling Stones Phil

Janet Jackson The Rolling Stones Phil

Janet Jackson The Rolling Stones Phil Collins well there was a long pause but

Collins well there was a long pause but

Collins well there was a long pause but believe it or not they didn’t actually

believe it or not they didn’t actually

believe it or not they didn’t actually put the phone down on me and listen to

put the phone down on me and listen to

put the phone down on me and listen to my enthusiasm and they decided to take a

my enthusiasm and they decided to take a

my enthusiasm and they decided to take a risk on me

risk on me

risk on me the only hope was that with a brand name

the only hope was that with a brand name

the only hope was that with a brand name like that that we go go away almost

like that that we go go away almost

like that that we go go away almost immediately I found myself facing a

immediately I found myself facing a

immediately I found myself facing a barrage of criticism marketing and

barrage of criticism marketing and

barrage of criticism marketing and financial journalists couldn’t

financial journalists couldn’t

financial journalists couldn’t understand what an entertainment

understand what an entertainment

understand what an entertainment entrepreneur was doing trying to run an

entrepreneur was doing trying to run an

entrepreneur was doing trying to run an airline the Virgin entertainment brand

airline the Virgin entertainment brand

airline the Virgin entertainment brand did actually help get people to realize

did actually help get people to realize

did actually help get people to realize that they were going to get more

that they were going to get more

that they were going to get more entertainment onboard and it was going

entertainment onboard and it was going

entertainment onboard and it was going to be more fun proving that it wasn’t

to be more fun proving that it wasn’t

to be more fun proving that it wasn’t that bizarre for an alleged it’d be a

that bizarre for an alleged it’d be a

that bizarre for an alleged it’d be a record company boss to start an airline

record company boss to start an airline

record company boss to start an airline 25 years on we’re still

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