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Not a good start. Second and third sentences in: > The last successful American car startup was founded 111 years ago. It's called Ford. This isn't remotely
by SeanLuke 12y ago
Not a good start. Second and third sentences in:
> The last successful American car startup was founded 111 years ago. It's called Ford.
This isn't remotely true. Ford was founded in 1903. GM was founded in 1908. AMC was a merger of two companies, one founded in 1937 and the other in 1909. Chrysler was founded in 1925. And that's just the big four.
- Aloha 12y agoI'd argue (perhaps weakly) that Ford was the last car company started by people from outside the industry.
- agf 12y agoReading the Wikipedia article, this statement may be based on the fact that Ford was the last American car company to IPO (in 1956) making it the last one to count as a startup.
- SeanLuke 12y agoI don't think so, as 1956 wasn't "111 years ago".
- w1ntermute 12y agoIt says it was founded 111 years ago, not that it IPOed 111 years ago.
- morkfromork 12y agoFord did not go bankrupt or have to be bailed out by the government.
- mikeash 12y agoIrrelevant, unless your criteria for "successful" requires the company to keep going until the end of time, which is not how most people look at it.