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They surely had some cash, but I think it was a small contribution compared to Musk's. Given that Musk was $6.5M out of $7.5M series A, and something like $9-10
by oskarkk 1y ago
They surely had some cash, but I think it was a small contribution compared to Musk's. Given that Musk was $6.5M out of $7.5M series A, and something like $9-10M out of $13M series B, I think it's not possible they contributed more than Musk, unless they put big money into it right at the start (unlikely). I count find any concrete information about how much money the two actual founders contributed (which I consider as evidence that it wasn't much). Do you have some sources on how much they invested?
- inemesitaffia 1y agoI'm not saying they put in more cash. I'm saying they had more cash but left it in the bank rather than investing
- oskarkk 1y agoAh, okay. So it was 3 guys that didn't want to put much of their money into Tesla, and Musk who did.
- inemesitaffia 1y agoYup. That's the skin in the game that matters. Even more than giving up productive effort elsewhere