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James Dyson
Founder and Chairman, Dyson Ltd

Dyson: “Failure is more exciting than success” - James Dyson

📅 Dec 19, 2024 Matthieu Stefani - Génération Do It Yourself 115 MIN 8575 VIEWS 114 SEGMENTS · 2 SPEAKERS
🇫🇷 : Les sous-titres en français sont disponibles. Activez d'abord les sous-titres automatiques, puis rendez-vous dans les paramètres pour activer la traduction. Sinon, une version française audio interprétée par des acteurs est disponible sur toutes les plateformes de podcast. Retrouvez-la ici : https://www.gdiy.fr/business/james-dy... 🇬🇧 : #437 - James Dyson - Dyson - “Failure is more exciting than success” An inventor to his core, he developed a passion for engineering and, in the 1980s, created the world’s best vacuum cleaner. To start his company, James Dyson mortgaged his home and po...

Questions asked in this interview

12
  1. 0:50It's pretty cool. Do you like them?
  2. 1:43And what rights or duties do you have?
  3. 4:19Where will we stop? Food cream?
  4. 7:04It was an easy journey, right?
  5. 11:04How long did it take from A to Z?
  6. 14:20How did you live through that? Were you a father?
  7. 28:425,127 prototypes later, how did you know the product was ready?
  8. 1:18:18No, to a car manufacturer or…?
  9. 1:23:55You did some washing machines a long time ago, right?
  10. 1:31:11You want to do something better even if it's more expensive. Is that right?
  11. 1:41:05Did you have some that went away after that, left Dyson?
  12. 1:49:20He's famous in the watch industry. Do you like watches?
James Dyson 0:00 ↗
Failure is much more exciting than success. You ask why it failed, what to do to make it work, and if there's a way to go much faster. As I started my quest to make a better vacuum cleaner, I had to sign over my house and everything I owned for a loan. I'm grateful because I own 100% of the equity.
Host 0:19 ↗
You changed the future of the vacuum cleaner.
James Dyson 0:22 ↗
The proof that market research doesn't work is that politicians rely entirely on it.
Host 0:25 ↗
One of your obsessions is to do better than the market.
James Dyson 0:27 ↗
We make about 1.55 billion electric motors a year. I tried an electric car; it was soul-destroying and cost us six or seven hundred million euros.
Host 0:33 ↗
My God, you're still alive.
Right, we're recording with new gear – a new headphone. It's pretty cool. Do you like them?
James Dyson 1:00 ↗
No, I do, of course I like them.
Host 1:03 ↗
So I do like them. We're trying those Dyson headphones for this recording with you, Sir James Dyson. Who are you, sir? I think this is the first time I've recorded with a knight.
James Dyson 1:13 ↗
That's right, I'm a knight. They touch a sword on both shoulders – a big medieval sword; it's quite frightening. That was about ten years ago.
Host 1:33 ↗
How does it feel to be a knight?
James Dyson 1:38 ↗
About the same as not being a knight.
Host 1:43 ↗
And what rights or duties do you have?
James Dyson 1:49 ↗
None. I think you can be buried in St. Paul's Cathedral – that's about the only benefit.
Host 2:18 ↗
Don't say too much in France that you're a knight. They do specific things to monarchs here.
James Dyson 2:29 ↗
I've heard about that.
Host 2:36 ↗
I'm so happy to have you on Generation Yourself. Can I call you James?
James Dyson 2:40 ↗
Absolutely.
Host 2:43 ↗
I'm a big fan of Dyson. I use your hair dryer and vacuum every day. You brought a lot of products – what's this one?
James Dyson 3:57 ↗
This is a styling cream made with mushrooms. It holds your hairstyle, protects hair, and adds shine. I'll demonstrate.
Host 4:19 ↗
Where will we stop? Food cream? You can't stop me demonstrating.
James Dyson 4:24 ↗
It disappears into your hands; you just put it through your hair. It's not a conditioner, just a styling cream.
Host 4:44 ↗
It looks much better. I used to spray varnish-like stuff on my number plates to stop cameras seeing them in my naughty days.
James Dyson 5:08 ↗
This cream makes hair shiny and glossy without stickiness.
Host 5:28 ↗
Before we talk about inventions, design, education, and agriculture, would you introduce yourself?
James Dyson 5:58 ↗
I'm James Dyson, an inventor and entrepreneur. We're sitting here about thirty years after I founded my company. It's gone in a flash.
Host 6:22 ↗
Why does time feel faster as you get older? I've read about the proportion theory – when you're one year old, going to two is double your age.
James Dyson 6:49 ↗
I was worried about that, so thank you for the explanation. It's similar going from 30 to 60.
Host 7:04 ↗
It was an easy journey, right?
James Dyson 7:11 ↗
No, it was very difficult at first. No venture capitalists or private equity would back me because I was an engineer – they think engineers don't know business. I ended up borrowing money personally from a clearing bank, signing over my house. But I'm grateful because I own all the equity.
Host 8:17 ↗
Did you share equity with employees?
James Dyson 8:22 ↗
No, we do bonuses and rewards, but not equity. Hair dryers? They have to pay for them, but they get a discount.
Host 8:37 ↗
I learned about the wheelbarrow. It all started with that, right?
James Dyson 8:48 ↗
I did a high-speed landing craft before that. My story starts at the Royal College of Art. I studied classics at school, then went to art school. In the swinging 60s in London, it was liberation of every sort – a great moment to dream big. I designed a building and an industrialist gave me a job designing a high-speed landing craft. We sold it all over the world. That was my first product.
Host 11:04 ↗
How long did it take from A to Z?
James Dyson 11:09 ↗
About seven years. Then I left to run my own business – the wheelbarrow with a ball instead of a wheel so it wouldn't sink into soft ground. I also made a boat-launching trolley.
Host 11:49 ↗
Did it work? Did you sell it?
James Dyson 11:53 ↗
The wheelbarrow worked well, but I didn't make money. People don't buy tools without motors – they prefer lawnmowers. And we couldn't sell enough through small garden centers. I learned a lot from that failure.
Host 13:24 ↗
Were you thirty when you ended that? Did you clear all your debt?
James Dyson 13:30 ↗
I bailed out and left it to the directors. Then I had the idea for the vacuum cleaner. They said if there were a better one, Electrolux or Miele would have done it. I heard that many times.
Host 13:58 ↗
Was the wheelbarrow a failure?
James Dyson 14:03 ↗
Commercial failure, yes. But people who bought it loved it. It wasn't my last commercial failure.
Host 14:20 ↗
How did you live through that? Were you a father?
James Dyson 14:26 ↗
I was married with two children and a third on the way. I was glad to move on from the seasonal wheelbarrow to the vacuum cleaner – a non-seasonal, recession-proof product everyone needs.
Host 15:18 ↗
Like headphones.
James Dyson 15:22 ↗
Exactly. I discovered that vacuum cleaner bags are filters, not just depositories. The first dust blocks the holes, so you lose suction immediately. I was annoyed by this con.
Host 17:03 ↗
It was a good economic model – buy the machine then bags forever. That was close to a billion bags a year in Europe.
James Dyson 17:25 ↗
Yes, and they were hard to find, expensive, and made of non-biodegradable plastic. I went to a timber yard and saw a giant cyclone that separated dust without clogging. I realized that's what a vacuum cleaner needs.
Host 19:01 ↗
Invention is about connecting dots.
James Dyson 19:12 ↗
Yes, it clicks. I rushed home, built a cardboard cyclone, attached it to my vacuum, and it worked. But developing it wasn't easy.
Host 20:01 ↗
So you were not working anymore?
James Dyson 20:05 ↗
I was out of the wheelbarrow business, on my own. I used a coach house as my workshop – like Steve Jobs' garage. I built prototypes, making one change at a time. It took about 5,127 prototypes. Failure is exciting because you ask why it failed and what to do next.
Host 22:35 ↗
Sophie told me your book was almost called 'A Life of Failures'. I regret that title.
James Dyson 22:55 ↗
The publisher was right to change it, but the word 'failure' is on the cover. At school we're taught failure is bad. But without it, you don't make progress. Every day we test prototypes that fail.
Host 24:20 ↗
Is there a way to go much faster?
James Dyson 24:30 ↗
Yes, computational fluid dynamics speeds things up, but you still need real-world testing. You might do fewer prototypes, but it's the same process.

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APA, MLA, BibTeX
APA

Dyson, J. (2024, December 19). Dyson: “Failure is more exciting than success” - James Dyson [Interview transcript]. Matthieu Stefani - Génération Do It Yourself. CEOInterviews.AI. https://ceointerviews.ai/interview/1062256/

MLA

James Dyson. "Dyson: “Failure is more exciting than success” - James Dyson." Matthieu Stefani - Génération Do It Yourself, 19 Dec. 2024. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1062256/.

BibTeX
@misc{dyson2024_1062256,
  author       = {James Dyson},
  title        = {Dyson: “Failure is more exciting than success” - James Dyson},
  howpublished = {Interview transcript, Matthieu Stefani - Génération Do It Yourself. CEOInterviews.AI},
  year         = {2024},
  month        = {dec},
  url          = {https://ceointerviews.ai/interview/1062256/},
  note         = {Speaker-attributed transcript with timestamps}
}