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by qeternity 748 days ago
Quite a few comments here in disbelief and hating on Musk.

For all the criticism of Elon, he has been foundational in Paypal, Tesla and SpaceX and OpenAI. Even if you think Tesla is troubled/overvalued, he has built multiple enormous companies, and one of a handful of people to have built a company into a $1T valuation (however fleeting).

So yes, the arithmetic for VCs is very straightforward: for better or for worse, Elon Musk is able to execute in the only way that matters to investors.

1 comments

Foundational at Paypal and OpenAI? I've heard different. Also leaving out Twitter which has at least halved (if not more) it's valuation. I would say he's batting less than .500, so while still good, not a sure thing in the slightest and the trajectory seems to be on the down.
He was for OpenAI at least, he recruited key members and convinced them to go get big funding which they did seek from Microsoft instead of Elon himself. Likely OpenAI wouldn't have gotten anywhere without his involvement, they did break off from him since he wanted too much control not because he didn't help them.