Re:SpaceX has grown to 87% of the tonnage to orbit
by Retric on Tuesday May 21, 2024 @11:20AM
(#40429596)
No, that makes Musk one of two series A investors.
> two guys, a name, an office, and an idea
Add in the paperwork they filled out and we call those things companies. The entire point of incubators like Ycombinator is getting companies to a point where someone would make a significant investment, Martin Eberhard, Marc Tarpenning and Ian Wright who joined a few months later pulled that first major hurdle off on their own.
If Musk had walked away they would’ve just kept looking because it was a very compelling investment as made clear by finding funding within a month of looking and the 1 million put up from a 3rd party.
> two guys, a name, an office, and an idea
Add in the paperwork they filled out and we call those things companies. The entire point of incubators like Ycombinator is getting companies to a point where someone would make a significant investment, Martin Eberhard, Marc Tarpenning and Ian Wright who joined a few months later pulled that first major hurdle off on their own.
If Musk had walked away they would’ve just kept looking because it was a very compelling investment as made clear by finding funding within a month of looking and the 1 million put up from a 3rd party.