If Tesla focused on quantity of investors over quality they might not be in business today.
The concept of quality is so important to the success of a business, especially in the early phases…
And quality over quantity extends to every element of the business, including the venture capitalists and investors it works with.
In a PandoMonthly interview Elon elaborates:
“If you have a choice of a lower valuation with someone you really like or a higher valuation with someone you have a question mark about, take the lower valuation.
It’s better to have a higher quality venture capitalist who you think would be great to work with than to get a higher valuation with someone where there’s even a question mark, really.”
Quality matters.
Strive for quality people as investors and in all aspects of your life and your odds of living a quality life increase.
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