Earlier quoted context omitted.
> Assuming all of the risk is useful. I've never seen a multi-millionaire, let alone a billionaire actually take the cost of failure on personally. Risk externalization is the theme of the era.
Elon Musk invested all of his funds. Let's be honest, tons of people believed Tesla and SpaceX was going to fail. https://venturebeat.com/2010/05/27/elon-musk-personal-financ...
Personal—not Tesla—burn-rate of $200,000 a month, and he still owned property.