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Fortune

Steve Mollman

Elon Musk warns, ‘If you need encouragement to start a company, don’t do it’

Elon Musk SpaceX Tesla Inc. X Jensen Huang Nvidia

(Credit: Antonio Masiello—Getty Images)

Elon Musk knows a thing or two about starting companies—but his advice for would-be entrepreneurs might not exactly inspire them.

“If you need encouragement to start a company, don’t do it,” the Tesla and SpaceX CEO warned during a Spaces conversation with ARK Investment Management CEO Cathie Wood on Thursday. “The probability of failure is very high, so you really should not if you need encouragement.”

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