Hacker News new | ask | show | jobs
by JoeAltmaier 3540 days ago
Then he'd be doing more dotcom startups. Its obvious to most of us, that he's chosen the weird collection of industries he has, because of a bigger vision.
1 comments

As I said elsewhere:

That's not necessarily true. Remember that Musk started with $165 million from sale of shares of PayPal when it was bought by eBay, so he could afford to wait a while for his companies to take off. When you have a large amount of money to invest and you're young, it makes sense to invest in things with a high up-front cost and long wait before you get a payoff--most companies aren't willing to take a risk on that kind of investment, and once it pays off, you own something with little competition and a long head start on your competitors.

And, incidentally, it puts Musk in the position of Silicon Valley's golden boy--which has numerous business advantages.