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Zuck has a large stake because he got his seed funding from his parents and could negotiate their series A round from a position of strength.
by shanghaiaway 8y ago
Zuck has a large stake because he got his seed funding from his parents and could negotiate their series A round from a position of strength.
- dalbasal 8y agoMusk started with $100m of his own money and a 1-in-a-billion reputation. He had leverage of that kind too, I would say far more than zuck. The real leverage was not needing money after that A round.
- kamaal 8y agoMusk didn't start with $100 million. He started his second round of start ups with the money made from the first ones. And he didn't have $100 million for the first round of start ups he founded. In fact Musk has pretty much suffered through all the regular pain founders suffer through. I remember watching somewhere on Youtube, during his first start up, they would code on a computer by the night and host the application for their users during the day on the same computer.