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I’ve known Elon for 28 years and invested with him in 7 startups.
I have never seen anything like his bravery in Dec 2008. Here is the interview I did with him on this topic — the most extraordinary act of entrepreneurial zeal I have ever seen: https://t.co/hSB9LITiFi
Elon singlehandedly saved Tesla in its darkest hour:
• A major bank had just failed to raise a round
• The 2008 Financial Crises was in full effect
• Tesla’s CEO had to be replaced, with Elon stepping in as emergency interim CEO
• Their only product, the roadster, was gross margin negative, losing money on every car shipped
• Tesla’s largest inside investor was openly hostile and refused to support the company, making outside investment near impossible
• The company had no funding offers from anyone and was going to miss payroll
• Elon borrowed money to make payroll for the Xmas holidays, avoiding immediate insolvency
• Elon then presented an offer to provide all of the capital the company needed. With this remarkable act, investor sentiment shifted from fear to greed, and the sentiment of optimism grew from there.
Th𝕏 @ElonMusk! Here is my full interview: https://t.co/u8UgNLzGxm
Steve Jurvetsonx.comElon Musk: A future worth getting excited about | TED | Tesla Texas Gigafactory interview
youtube.comOne of the Dems biggest mistakes was antagonizing Elon. He has done more for the Earth - and electric cars - than any other human being.
Andrew Yang🧢⬆️🇺🇸x.comHardware is hard.
That’s why Elon is by far the greatest founder of all time.
Remember — countless startups die just while trying to put stationary beige boxes on desktops. Very smart people get crushed by supply chain disruptions, or China tariffs, or lockdowns, or shipping interruptions, o... See more
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