12-27-2024, 01:34 PM
Elon Musk is like all of Silicon Valley. They're smart but not really that much smarter or better than the rest of us, they just have access to a lot of resources and cheap credit and are more willing to take bigger risks.
Apart from that the biggest difference is that the risk of the start-up owner, should they fail, is low. Investors that put up the money realize that only 1 in 10 or even 1 in 20 of the startups will be a success, so they won't try to get their money back(Europe) or kill you(Russia/China) if it doesn't work out.
I could've easily scaled my business but in the Netherlands there is just no bank or investor that's going to put up the first $100 million or even $50 million for a 10% - 25% share without nailing you to the cross if it doesn't work out. Instead they give you $30k and demand a controlling stake in the company in exchange.
Apart from that the biggest difference is that the risk of the start-up owner, should they fail, is low. Investors that put up the money realize that only 1 in 10 or even 1 in 20 of the startups will be a success, so they won't try to get their money back(Europe) or kill you(Russia/China) if it doesn't work out.
I could've easily scaled my business but in the Netherlands there is just no bank or investor that's going to put up the first $100 million or even $50 million for a 10% - 25% share without nailing you to the cross if it doesn't work out. Instead they give you $30k and demand a controlling stake in the company in exchange.
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