Investing
Billionaire Doerr Regrets Not Backing ‘Slightly Crazy’ Elon Musk
Chairman of venture capital firm Kleiner Perkins also discusses climate change and investing in sustainable solutions on “Bloomberg Wealth with David Rubenstein.”
I should have invested in Elon Musk, Doerr says.
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Venture capitalist John Doerr invested early in Google and Amazon, but passed on Tesla Inc. It’s one of his biggest regrets.
The billionaire chairman of Kleiner Perkins had the opportunity in 2007 to back “an ambitious, slightly crazy entrepreneur” named Elon Musk before he became the world’s richest man, but ultimately decided against it, as new car companies traditionally fail far more often than they succeed.