Exclusive: Tiger Global, Alkeon Slash Startup Valuations Amid Public Stock Selloff Read Now

Elon Musk. Photo by Bloomberg.
The Takeaway
Autonomous Vehicles

Elon Musk and When Vision Isn’t Enough

Photo: Elon Musk. Photo by Bloomberg.

When Elon Musk proposed Tesla rescue the flailing SolarCity, I was hardly surprised. He’s floated the idea to friends for years.

What surprised me was that Tesla shareholders, stock analysts and industry experts don’t seem to be buying the proposal. Is Musk’s uncanny ability to charm the tech industry and Wall Street wearing off?

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Exclusive
Tiger Global, Alkeon Slash Startup Valuations Amid Public Stock Selloff
By Berber Jin and Kate Clark
For more than a year, startup founders have watched in awe and some trepidation as hedge funds and other large investors flooded private startups with big checks, pushing up valuations and making it easier than ever to raise money.
Snowflake CEO Frank Slootman (left) and Databricks CEO Ali Ghodsi. Photos by Snowflake, Bloomberg. Collage by Mike Sullivan
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A few years ago, Snowflake and Databricks were up-and-coming cloud software startups that were so friendly, their sales teams regularly passed customer leads to each other.
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Tuesday’s letter from YouTube Chief Business Officer Robert Kyncl to its 2 million–strong creator community—announcing that original content chief Susanne Daniels had resigned—read like the final salvo in YouTube’s recent PR campaign touting its creator economy successes .
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