David Rosenthal: evaluation

Transcript context

…Bezos is selling $1 billion in Amazon stock that could be used for [...]. Certainly a lot more than $100 million has gone in, in terms of equity funding into Blue Origin. It's interesting that SpaceX, in terms of equity funding, has raised so much less money and Elon from the beginning was focused on, this is going to be a revenue-generating profitable business. On the one hand, you think naively, they have so much fewer resources, but I think in many ways it's precisely because of that resource constraints and having to build this profitable business that they figured out how to disrupt the industry, and accomplished so much. That's just such a theme we see all the time on this show and in startups. Sometimes you think when you're out of the gate, you see these companies raise tons of money, and think they're going to clear out the industry and have all the success, but it ends up hurting them because they're not forced to build a real business. Yeah, I hadn't really thought about it in those terms.…

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