Technical founders often lose their money.
This post explores ducking bankruptcy as a tech founder.
Cautionary tale: Nicolai Tesla.
Problem: Tesla, like Nicolai Tesla and JP Morgan started a company. Tesla made zero. (GE founder = Morgan; hat tip @GarryTan for #netflix Rec).
Photo credit, Tom Brady
#nonEmployeeCoFounder is like a “selfie No Self”. Tom Brady took the selfie. And he cropped himself out
Problem: Tesla died bankrupt.
Solution: Duck bankruptcy
Case study with Elon Musk, my #WrightBros based theorem = Musk funded Tesla StartX by initially selling
– yellow pages {Zip2}
– debit cards outta Omaha {PayPal #poBox45950}]
Photo credit Larry Chiang
initially, I’ll be your #nonEmployeeCoFounder
Hope every time you see a Tesla, all y’all think:
Nickie Nick Nicolai Tesla was a #nonEmployeeCoFounder of GE [General Electric] but earrned zero dollars
Losing means dying poor as a GENIUS
#cs183sweatEquity
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