Feb 9 2021, 10:53 AM
QUOTE(Imp Bron @ Feb 9 2021, 10:43 AM)
Not helang born, unlike helang born, pipit don't have the money to fund their own company. They have to give up equity to gain fund from venture capitalist. That's why you heard often founder sold all their share after the company already big because they already loss all the control to the company giving up so many equity
The way Elon do it, start up valuable company then sell to helang venture capitalist, then start up another company sell to helang venture capitalist again. Then he become helang venture capitalist himself and buy other company (tesla) and finally have the money to keep his own company (space x)
https://en.wikipedia.org/wiki/Tesla,_Inc.The way Elon do it, start up valuable company then sell to helang venture capitalist, then start up another company sell to helang venture capitalist again. Then he become helang venture capitalist himself and buy other company (tesla) and finally have the money to keep his own company (space x)
https://en.wikipedia.org/wiki/Tesla,_Inc.#F...3%E2%80%932004)
Founding (2003–2004)
Founded as Tesla Motors, Tesla was incorporated on July 1, 2003, by Martin Eberhard and Marc Tarpenning.[10] Elon Musk stated that the AC Propulsion tzero also inspired the company's first vehicle, the Roadster.[11][12] Eberhard said he wanted to build "a car manufacturer that is also a technology company", with its core technologies as "the battery, the computer software, and the proprietary motor".[13]
Ian Wright was Tesla's third employee, joining a few months later.[10] The three raised US$7.5 million in series A funding in February 2004 from various investors,[10] including Elon Musk, who contributed $6.5 million.[14][15] Following the investment, Musk joined the company[16] and became chairman of the board of directors,[10] appointing Eberhard as CEO.[17] J. B. Straubel joined Tesla in May 2004.[10] A lawsuit settlement agreed to by Eberhard and Tesla in September 2009 allows all five – Eberhard, Tarpenning, Wright, Musk and Straubel – to call themselves co-founders.[18]
not buy tesla , he invest in tesla later join them.
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