EXCLUSIVE: Early Tesla Investor Tim Draper Recalls Selling Too Soon, Reveals Elon Musk's Special Quality
Portfolio Pulse from Chris Katje
Venture capitalist Tim Draper, known for his early investments in tech companies, expressed regret for selling his stake in Tesla Inc (NASDAQ:TSLA) too early. Draper invested in Tesla's Series C funding round in 2006, four months before the company went public. He sold his stake under pressure from his investors to take profits. Had he held on to his Tesla investment, the return would have been 4000X. Draper's biggest win so far has been Robinhood Markets (NASDAQ:HOOD) with a 1000x return.
October 06, 2023 | 8:16 pm
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POSITIVE IMPACT
Tim Draper's investment in Robinhood Markets yielded a 1000x return, making it his biggest win so far. This underscores the potential profitability of Robinhood's stock.
The news highlights the high return on investment that Robinhood's stock can potentially offer, as evidenced by Tim Draper's 1000x return. This could potentially attract more investors to the stock, driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tim Draper's early investment and subsequent sale of his stake in Tesla could have yielded a 4000X return had he held on. This highlights the potential long-term value of Tesla's stock.
The news highlights the potential long-term value of Tesla's stock, as evidenced by the missed opportunity of a 4000X return by an early investor. This could potentially attract more investors to the stock, driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100