He also owns indoor farming company Square Roots and started foundation Big Green, which teaches farming to children. In 2004, Kimbal shifted industries and co-founded The Kitchen Restaurant Group, which owns three farm-to-table restaurant chains: Next Door, The Kitchen and Hedge Row. In 2002, eBay purchased PayPal for $1.5 billion.Įlon went on to start SpaceX in 2002, and became a Tesla investor in 2004 and CEO in 2008. In 2016, he founded Neuralink, and a year later, he created The Boring Company. In 1999, Elon and Kimbal reportedly sold Zip2 for roughly $300 million and Elon used that money on a second start-up X.com, which later became PayPal. Zip2 ultimately won over The New York Times, Knight Ridder and Hearst Corporation, who not only partnered with Zip2 but together invested a total of $50 million in the business, according to Ashlee Vance's book, "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future." "And we were like 'OK, I guess we'll just build it.'" How dare you even suggest this,' Elon said. You'll still own all the content and everything.' And they'd just throw us out of the office, 'No. "We said like, 'Listen, it costs very little. When Elon and Kimbal would try to get funding or partner with other companies, they were forced to explain the internet. "At that point, very few people were in the internet, so it was really a question of, 'Is the internet going to succeed?' Which we were huge believers in, and these guys were not." Maye Musk tweets pic of her, Kimbal & Elon at Zip2. "Most people didn't have an email address or ever went online." "And picked up the Yellow Pages – this book, this big thick book full of ads, this multibillion-dollar risk industry – and threw it at me and said, 'You ever think you're going to replace this?'"īut the response was a typical one at the time, as "most businesses didn't know what the internet was" back then, Elon said on the podcast. Let's be one of your partners to put the Yellow Pages online.' "I remember talking to the head of the that owned the Yellow Pages ," Kimbal said on the Third Row Tesla podcast.
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