CommodoreAmiga
Well-Known Member
Buy AMZN.how can us average joe's (or whatever your name is) get in on these funding rounds?
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Buy AMZN.how can us average joe's (or whatever your name is) get in on these funding rounds?
For these purposes, the average joe would be anyone who isn't an accredited investor (prior 2 years of income > $200k individual as an individual or $300k combined with spouse or net worth > $1M excluding the primary residence). There's plenty of debate around whether the policy is effective, but the goal is to protect investors who may not be able to afford huge losses on risky investments. Registering your security with the SEC (going public), becoming subject to certain accounting, regulatory, and disclosure requirements, and being able to accept investments from the average joe all go hand in hand.how can us average joe's (or whatever your name is) get in on these funding rounds?
If I have learned one thing it’s that starting a car company is extremely expensive. Gives me confidence that these companies are going back for more funding rounds though. But no wonder James Dyson dropped out: https://robbreport.com/motors/cars/james-dyson-failed-electric-car-2922217/https://techcrunch.com/2021/07/23/rivian-raises-another-2-5b-pushing-its-ev-war-chest-up-to-10-5b/
Rivian raises another $2.5B, pushing its EV war chest up to $10.5B
Rivian announced Friday that it has closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc.
Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue also participated in the round, according to Rivian.
“As we near the start of vehicle production, it’s vital that we keep looking forward and pushing through to Rivian’s next phase of growth,” Rivian CEO RJ Scaringe said in a statement.“ This infusion of funds from trusted partners allows Rivian to scale new vehicle programs, expand our domestic facility footprint, and fuel international product rollout.”
He definitely seems to have the Midas touch.So now over $10 billion in funds raised before delivering a single consumer vehicle. RJ’s PowerPoint skills must be on point
Money begets money. In this type of business, it’s all about betting on whether they can keep raising more money until they starting generating revenue. Having name brand investors who keep doubling down is key. Tesla was literally days away from running out of money back in 2012. It could have easily gone bad for them fast if they had not scraped up some more cash to tide them over until they started delivery. It seriously looked like that wasn’t going to happen for a tense but short period of time.So now over $10 billion in funds raised before delivering a single consumer vehicle. RJ’s PowerPoint skills must be on point