Investor John Doerr passed on ‘slightly crazy’ Elon Musk’s Tesla in 2007: ‘Worst decision of all time’ – New York Post

A billionaire venture capitalist who got rich by betting correctly on budding tech giants Amazon and Google said that one of his biggest regrets was declining to back Elon Musk’s electric car maker Tesla back in 2007.

John Doerr, the chairman of venture capital firm Kleiner Perkins who amassed a fortune estimated by Forbes at $11.5 billion, told Bloomberg News on Tuesday that he had an opportunity to back the fledgling unicorn a decade-and-half ago — well before it became the most valuable auto manufacturer in the world.

The 71-year-old Doerr said that Musk, whose stake in Tesla has earned him the distinction of being the world’s wealthiest human, struck him at the time as “an ambitious, slightly crazy entrepreneur.”

But the idea of investing in a car company at the time was a turnoff because the odds were stacked against Tesla, according to Doerr.

“That’s probably the worst investment decision of all time,” he told Bloomberg News.

As of Tuesday, Tesla has a market capitalization…

Read Full Story: https://nypost.com/2022/08/23/investor-john-doerr-passed-on-elon-musks-tesla-in-2007-worst-decision-of-all-time/

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source: https://news.oneseocompany.com/2022/08/23/investor-john-doerr-passed-on-slightly-crazy-elon-musks-tesla-in-2007-worst-decision-of-all-time-new-york-post_2022082328161.html

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