Ralston: Tesla was $445M in debt during SpaceX's early launch failures
Geoff Ralston · 20VC: Y Combinator's New President, Geoff Ralston on The Single Most Important Perspective An Investor Can Provide A Founder, The Biggest Lessons From Working Alongside Paul Graham & Why You Will Lose As An Investor If You "Profile Invest" · May 27, 2019 · at 17:37
Geoff Ralston, President of Y Combinator, recounts historical financial distress at Tesla and SpaceX to illustrate founder resilience during crisis.
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“I remember hearing Elon Musk talk about what it was like for him when Tesla was something like four hundred and forty five million dollars in debt. And the first three launches of SpaceX had blown up”
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