2 ms·
> The first corporation went bankrupt in 2011. The VCs forced the founders out, tried to move production to china, then iirc banked on a sketchy deal where bes
by dnautics 2mo ago
> The first corporation went bankrupt in 2011.
The VCs forced the founders out, tried to move production to china, then iirc banked on a sketchy deal where best buy was trying to get into the ev sales market out of tesla fomo (but a best buy is not where you find an aptera adopter)
- dgellow 2mo agoI see that I missed years of drama!
- dnautics 2mo agothe best buy insight is a bit insider, i used to be coworker with the fellow who was on the design team that led the best buy market research stint
- omgwtfbyobbq 2mo agoI can see that. The founders shouldn't have gone to VCs then. Start low/limited runs and get cars on the road. If those work out, then try to get funding from sources that aren't going to screw you.
- DennisP 2mo agoThat seems to be what they're doing this time around.