Feweroptions
Because Musk’s rejection of Lidar was foolish
Okay, and the OP’s source for Elon’s success coming solely from daddy’s money and nothing else is what?
Musk has publicly laid out that anybody can get rich writing software without much startup capital - which not only makes sense but by all accounts seems to be exactly what he did.
This is a common misconception. His daddy loaned him a whopping 28 grand. Nothing mind blowing, and certainly not what you’d expect the heir of a freaking emerald mine to get their hands on.
Elon Musk got most of his capital early in his career from the sale of his first company, Zip2, which he co-founded with his brother Kimbal in 1995 using $28,000 borrowed from their father[1][6]. In 1999, Zip2 was sold to Compaq for $307 million, with Musk earning $22 million[1][6]. Musk then invested $10 million of his Zip2 proceeds into founding X.com, one of the first attempts at online banking, which later became PayPal[1]. After PayPal, Musk invested all of his proceeds into his new projects: SpaceX ($100 million), Tesla ($70 million), and SolarCity ($10 million) [1]. By 2008, he was almost penniless and living on $200 thousand monthly loans from his friends after a $20 million divorce[1]. However, his fortunes changed, and by 2017, his net worth had risen to $16 billion[1].
Citations: [1] https://www.toptal.com/finance/venture-capital-consultants/elon-musks-investments [2] https://time.com/6127754/elon-musk-net-worth-person-of-the-year/ [3] https://money.com/8-innovative-ways-elon-musk-made-money-before-he-was-a-billionaire/ [4] https://en.wikipedia.org/wiki/Elon_Musk [5] https://financebuzz.com/jobs-elon-musk-had-before-wealthy [6] https://www.sitebuilderreport.com/origin-stories/elon-musk>
