My Dad provided 10% of a ~$200k angel funding round much later, but by then risk was reduced & round would’ve happened anyway."
https://twitter.com/elonmusk/status/1211064937004589056
Also relevant in that thread:
"He didn’t own an emerald mine & I worked my way through college, ending up ~$100k in student debt. I couldn’t even afford a 2nd PC at Zip2, so programmed at night & website only worked during day. Where is this bs coming from?"
"This is a pretty awful lie. I left South Africa by myself when I was 17 with just a backpack & suitcase of books. Worked on my Mom’s cousin’s farm in Saskatchewan & a lumber mill in Vancouver. Went to Queens Univ with scholarship & debt, then same to UPenn/Wharton & Stanford."
It's pretty clear that Elon was from a wealthy*N background so the details are kind of irrelevant. Who bought the plain ticket?
There is also security, it's easier to take risks with strong familial support and fallback. Not saying this is a bad thing at all, it just is what it is.
“You get really tired of hot dogs and oranges after awhile,” he said. “And of course pasta and a green pepper and a big thing of sauce. And that can go pretty far, too.
“So it’s like, ‘Oh, okay, if I can live for a dollar a day then at least from a food cost standpoint, well it’s pretty easy to earn like $30 in a month anyway, so I’ll probably be okay.’ “
This isn’t the only example of a young Musk roughing it. When he started his first company, Zip2, he and his brother slept in their office instead of renting an apartment. They showered at the YMCA.
“We were so hard up, we had just one computer so the Web site was up during the day and I was coding at night,” Musk recalled during a commencement speech at USC. “Seven days a week, all the time.”
https://www.washingtonpost.com/news/innovations/wp/2015/03/2...