Buying an ownership stake in an established business and forcing them to give yo... | Hacker News

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		breezybottom 33 days ago \| parent \| context \| favorite \| on: The West forgot how to make things, now it’s forge... Buying an ownership stake in an established business and forcing them to give you a "co-founder" title isn't "creating a business".

WalterBright 33 days ago [–]

Tesla was quickly going bankrupt when Musk decided to buy into it. It was not an "established business". It had no plan, no car, no design, no sales. When you sell a controlling share to another person, the other person then controls the business.

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