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Tesla would not exist if Elon Musk hadn't bet his personal fortune. He showed terrible results at first so all his investors gave up on him. Your average YC fou
by staunch 13y ago
Tesla would not exist if Elon Musk hadn't bet his personal fortune. He showed terrible results at first so all his investors gave up on him. Your average YC founder would not have been in a position to pony up $40M to do the Series E himself.
- toomuchtodo 13y agoPeople usually don't realize that Tesla was days from insolvency back in 2008: http://www.autotrends.org/2008/11/17/avoiding-insolvency-tesla-motors-borrows-40-million/ http://www.autotrends.org/2008/11/17/avoiding-insolvency-tes... Elon is an all-in kind of guy, but has his hands full. More Elons please.
- crassus 13y agoWhat are all the filthy rich people in Silicon Valley not named "Musk" doing with their money?