Re:Why Silicon Valley funds Instagrams, not Hyperloops
by tptacek on Monday August 19, 2013 @01:51PM
(#6238552)
Yes, that's my point; the VCs didn't really enable these companies, Musk did.
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Re:Why Silicon Valley funds Instagrams, not Hyperloops
by phil on Monday August 19, 2013 @01:57PM
(#6238591)
My mistake. I thought your point was, "Tesla was much cheaper to start than people think, well within normal parameters for early venture rounds."
Re:Why Silicon Valley funds Instagrams, not Hyperloops
by jfoster on Tuesday August 20, 2013 @08:09AM
(#6243122)
If Musk put down his money, isn't he a VC by definition?
Re:Why Silicon Valley funds Instagrams, not Hyperloops
by bradleyland on Tuesday August 20, 2013 @09:29AM
(#6243552)
He funded his own idea. The definition of "VC funding" isn't a concrete thing. What's important is the distinction between the way companies like Tesla and SpaceX came to where they are today when compared with companies like Instagram and Facebook.