Stanford Scientists Create a Billionaire Factory
Stanford Scientists Create a Billionaire Factory Bloomberg 12/29/2020 Chris Bryant (Bloomberg Opinion) -- One of the most unsettling developments in business in 2020 was the trend for electric-vehicle companies to list on a stock exchange before they have their first revenues. Though standard practice for research-intensive life sciences companies, going public before you have a purchasable product is pretty unusual in the automotive world. And yet, pre-revenue companies such as Nikola Corp. and Fisker Inc. have achieved multi-billion dollar valuations. Now, Californian ...