Jeff Bezos' rep leaves Slate Auto’s board of directors

[E90400K]

Name one that started from nothing, lol.

Opra!

 

[E90400K]

Henry Ford.

 

[ScooterAsheville]

>> Name one that started from nothing, lol.

Happy to oblige. How about the investor in Slate, Jeff Bezos? Who was born into a working class family with teenage parents. His mom remairried a Cuban immigrant, and the parents made good investments, and were able to invest $245,000 in their son to start Amazon.

Tech billionaires generally weren't born with silver spoons in their mouths. They were generally born to parents who valued education and hard work, and passed that on to their children.

As opposed to resentful whiners, who were born with a beer can in their mouths and a tutorial on how to whine and blame others for their own lack of ambition and failures in life.

 

[SparkYellow]

It is my observation as well, that the less one is born with, the stronger the drive to achieve. Lauren Sanchez Bezos didn't come from wealth either. Wendi Deng. Our First Lady. Their achievement, though using a different set of skills and attributes, is highly impressive. Those skills weren't taught in school. 😳

 

[RetiredOnPaper]

The farther Slate is from politics, the better I like it! That is the original reason I said goodbye Cybertruck, Hello Slate! Maybe I'll buy two...

 

[Mac-Tyson]

“Every electric vehicle startup that has reached the production stage has experienced some version of the transition Slate is undergoing. The founders who attract early capital and generate excitement are not always the operators who can run a factory, manage a supply chain, and deliver vehicles on time. Faricy’s appointment suggests Slate’s investors understand this. Lewison’s departure suggests the Bezos orbit has decided its involvement has reached a natural conclusion, or that the risk profile of a pre-production automaker no longer fits the family office’s portfolio strategy.

What Slate has that most failed EV startups did not is a realistic product for a market that exists. The truck is not a hypercar, a flying taxi, or a autonomous robotaxi. It is a cheap, simple vehicle for people who need to move things, built in a state that wants the jobs, priced for a tax credit that currently exists, and manufactured domestically in a trade environment that punishes imports.

The question is whether the company can execute without the halo. Bezos’s name opened doors, attracted co-investors, and generated media coverage that a startup building affordable trucks in Indiana would not otherwise have received. The 1.4 billion dollars is in the bank. The factory is under construction. The reservations are on the books. And the person who represented the most famous investor in the building has walked out the door, six months before the first truck is supposed to drive through it.”-Alina Maria Stan (TNW)

 

[SparkYellow]

“Every electric vehicle startup that has reached the production stage has experienced some version of the transition Slate is undergoing. The founders who attract early capital and generate excitement are not always the operators who can run a factory, manage a supply chain, and deliver vehicles on time. Faricy’s appointment suggests Slate’s investors understand this. Lewison’s departure suggests the Bezos orbit has decided its involvement has reached a natural conclusion, or that the risk profile of a pre-production automaker no longer fits the family office’s portfolio strategy.

What Slate has that most failed EV startups did not is a realistic product for a market that exists. The truck is not a hypercar, a flying taxi, or a autonomous robotaxi. It is a cheap, simple vehicle for people who need to move things, built in a state that wants the jobs, priced for a tax credit that currently exists, and manufactured domestically in a trade environment that punishes imports.

The question is whether the company can execute without the halo. Bezos’s name opened doors, attracted co-investors, and generated media coverage that a startup building affordable trucks in Indiana would not otherwise have received. The 1.4 billion dollars is in the bank. The factory is under construction. The reservations are on the books. And the person who represented the most famous investor in the building has walked out the door, six months before the first truck is supposed to drive through it.”-Alina Maria Stan (TNW)

Thank you very much for this! I found the article that contains more background info. For an industry outsider, this helps me understand how things play out. 🙏

https://thenextweb.com/news/slate-auto-bezos-board-departure-ev-truck