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They didn't get Tesla because Musk wanted Kleiner on the board not the partner who had done all the work. So Tesla took a $70M valuation with a board member the
by chrisgd 13y ago
They didn't get Tesla because Musk wanted Kleiner on the board not the partner who had done all the work. So Tesla took a $70M valuation with a board member they didn't care about rather than a $50M valuation with the board member they did want, which Musk says was a mistake. Still there were other missteps.
This article came out a day after this one, which is more in-depth about all the problems they have faced.
http://pando.com/2013/12/11/john-doerrs-last-stand-can-a-dramatic-shakeup-save-kleiner-perkins/ http://pando.com/2013/12/11/john-doerrs-last-stand-can-a-dra...
- chrisgd 13y agoI just realized that Giga linked to the above article, i responded before RTFA
- DaniFong 13y agoThere are really a lot of potential legitimate reasons for wanting one partner on your board rather than another; particularly Doerr at KPCB vs Ray Lane, now emeritus. Like I said, politics. I don't know the scoop.
- deleted 13y ago[deleted]