Toyota To Invest $500 Million In U.S. Electric Flying Car Maker Joby Aviation
Joby Aviation is also backed by Uber, SK Telecom, Intel Capital and Baillie Gifford.
www.forbes.com
I suspect it's more a case of they get so far on gosh-wow funding, and then start having to appeal to more business-oriented venture-capitalists (as opposed to the ones willing to throw $100m at something because it looks cool), at which point they start having to answer due-diligence questions such as "Has anyone in your C-suite ever run an actual company as opposed to a start-up?"All these companies bring on more and more high-profile staff/directors and the like and lose focus of what got them going in the first place.
Continual email updates I get from them are more about who has joined rather than how they are going.
Most of them come from the established airline industry and we all know how well that works.
Hic Rhodus, hic salta.I suspect it's more a case of they get so far on gosh-wow funding, and then start having to appeal to more business-oriented venture-capitalists (as opposed to the ones willing to throw $100m at something because it looks cool), at which point they start having to answer due-diligence questions such as "Has anyone in your C-suite ever run an actual company as opposed to a start-up?"