![]() Q: You came over to the States, for the first time, on a 1998 trip with the South African national underwater hockey team for a tournament in San Jose. So then he allowed me to come and write the exams. I said, “Look, it makes no sense for me to leave this and come back to school, so that I can go to university with the hope of earning one-third of that.” He agreed. The principal was going to expel me because I wasn’t going to school. In fact, she was totally fine with me not going to high school and working on the business. Most parents would not encourage their kids to start a company while they’re in high school. She’s also the one that encouraged me to start my company at the age - my first company - at the age of 17. This interview has been edited for length and clarity.Ī: She had multiple businesses. The tight-knit family - Rive’s and Musk’s mothers are twins - have stayed together across multiple countries, continents and startups. Silver Lake investments agreed to a $100 million strategic investment, together with $10 million from Elon Musk, the company chairman, and $3 million from Rive. Some analysts have knocked the company for high customer acquisition costs and its struggle to turn a profit.īut SolarCity reached an agreement on a big cash infusion in late November. SolarCity’s shares fell 22 percent to $29.65. The stock took a hit in October, when the company announced it missed expectations and lost $2.41 a share in adjusted earnings in the quarter. “That’s when the light bulb went off,” Rive said.Ī decade later, SolarCity is among the largest solar companies in the country, with operations in 19 states, 15,000 employees and 300,000 customers. The idea for SolarCity came to Lyndon Rive on a trip with cousin Elon Musk to Burning Man in 2004.
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