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I said right in my comment there are exceptions, and inevitably the exceptions are the outlier-success companies. Both companies you mentioned have had particu
by tomhoward 6y ago
I said right in my comment there are exceptions, and inevitably the exceptions are the outlier-success companies.
Both companies you mentioned have had particular conditions that allowed them to be long-term focused. For Amazon it was that they achieved huge growth and cash flow from very early in their history and so Bezos has been able to call the shots. For Tesla it was that Musk was already rich and could spend several years investing his own money before needing outside investment. (And by the way, just look at the crap Musk has to deal with from a major segment of the investor community as he seeks to pursue a bold long term vision; and he’s one of the greatest force-of-personality founders ever).
These conditions don’t apply to unproven founders relying wholly on outside investment, working on opportunities that may not yield rapid growth and cash flow in the short/medium-term.