[twic]

A theory I've read on here is that VC returns come from a handful of hyper-successful firms, and the challenge is getting in on the deals in those firms at all, and the way you do that is by building a reputation as a visionary and generous investor by investing in ludicrous bullshit on founder-friendly terms. From this point of view, money given to Nikola isn't a bad investment, it's a marketing expense.