alt Hacker NewsCapitalized Nvidia with $200 of his own money (out of $600 total). If he gets booted, it is certainly the end of an era.
Replies
hoppp • today at 12:44 AM
Yeah, I think if he gets booted I won't bet on Nvidia anymore. He is the company.
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ant6n • today at 12:35 AM
NVIDIA was capitalized with only 600$? I didn’t realize the company was this old…
agumonkey • today at 12:19 AM
Maybe he'll pull a jobsian 2nd coming to his own firm
qmr • today at 12:29 AM
Let's see him get bounced out on his ass so he can chip in $1000 to start a new company.
We could certainly do with more competition in the space!
That $200 was a sort of formality; him buying his shares from the company as part of the incorporation paperwork. It has nothing to do with actual funding needed to run a business. Nvidia's first round of financing was 3 months later. $2M at a $6M valuation [1].
[1] https://principus.si/2024/12/28/tae-kim-the-nvidia-way-jense...