Veteran VC Steve Jurvetson says he rates startup founders highly if they're like his long-time friend Elon Musk: They have '20-year vision.''
of Elon Musk, was an early investor in both SpaceX and Tesla. They've known each other for 24 years. , hosted by Harry Stebbings, to talk about his friendship with Musk, as well as what he looks for in founders when they're pitching for funds from investors. Business Insider that he asks potential founders what the company will look like in 20 years. It's still his benchmark, and he explained further.
As entrepreneurs start crafting a vision for their company, Jurvetson said, those founders should take a page out of Elon Musk's playbook and launch "risky, save-the-world companies." Jurvetson said that if you had asked Elon Musk about his 20-year vision when he founded Tesla in 2003, the CEO of Tesla would have said that in the future, every vehicle would be electric, "not just cars, but buses and boats and trains."
Jurvetson said that Musk's founding vision for SpaceX was not simply building a rocket, but colonizing Mars.
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