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by danielg6 2316 days ago
Or to have parents to seed said company. Not sure why you got downvoted.

It’s easier to say “Go do what JK Rowling did” than to say “Go do what Elon did” lmao. I can write a fantasy series with $0. The same can’t be said necessarily for building companies.

1 comments

Musk's first company he founded with his brother got $28,000 investment from his father. It's not an outlandish amount - less than the cost of a car.
It’s still more than most people have and during a specific time in history. What you said doesn’t negate my point.

There’s more involved to starting a company than money. Such as your network. Your support system. Even your race and geographic location could play a factor. Luck, etc.

“You go be a 7-ft basketball player if you think it’s so easy!!!”

> It’s still more than most people have and during a specific time in history.

The freeways around here are gridlocked with cars costing more than $28,000.

> Such as your network. Your support system. Even your race and geographic location could play a factor. Luck, etc.

Oh phooey. I started my company with nothing more than an IBM PC. Nobody knew my race or location - it was mail order. Want to network? Use the internet. The D development community is all over the world.

On HN I regularly see extreme negativity and often outright hostility to all the opportunities all around us. What I enjoy about Musk is he likes to do things everyone else says can't be done.

Can't help but think about the Yorkshiremen. :)
> The freeways around here are gridlocked with cars costing more than $28,000.

Yea, financed with debt over what is now typically 7-10 years. 28k of capital to invest is out of the reach of the majority of Americans. Please don't pretend that's a small amount of money anyone can come up with.

> anyone

Somehow "most" morphed into "anyone".

BTW, if you can finance $28,000 over 7-10 years, you can buy a perfectly fine $3,000 car, save up what your payment would have been, and have those funds to invest.

My daily driver, for example, is 31 years old now, and is worth maybe $500. I invest the money I save (taxes, insurance, and repairs are pretty cheap for the thing, too).

My not-so-humble opinion is that if you have to finance a car, you should buy a cheaper used one you can pay cash for. Financing an expensive car is a great way to never have any spare funds available.

Oh I agree with you on the car, but this assumes you know enough about them to get a decent one for 3k; people go for newer used ones because it's a black box to them and they want something they "feel" is reliable and they don't feel that about older cars. They're wrong, but that's the nature of not understanding a thing. 28k is still out of the reach of most.
And even that investment has been disputed - by Elon himself - as per the zip2 wiki page.
I got the figure from his biography. Regardless, given the shoestring conditions the company operated on, it could hardly have been a lot of money.
I am no expert, but the wiki mentions the biography and that he disputes the claim made there. You are right it is inconsequential either way.