How did you raise initial capital for Rivian during the 2009 recession?
Replied byRJ Scaringe
Founder & CEO at Rivian
Niche: Technology
Revenue: Approx. $460 Million /month
Location: Irvine, California, United States
Started: 2009
We started with zero momentum. I refinanced my house, and my dad refinanced his house, raising a couple hundred thousand dollars. We used that to make tiny progress, which eventually allowed us to raise small rounds of under a million.
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