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For those who think startups are child’s play

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When they tell you, and they will tell you, that startups are companies that are too small to really have an impact on the planet, that we must first think about saving old wrecks or giving money to the usual multinationals, you answer: Rivian. It is a startup founded in Florida in 2009 that no one had heard of for ten years; the other day it went public on Wall Street and reached a valuation that makes it the third largest auto maker in the world, ahead of Volkswagen, so to speak. Now the valuation of $ 153 billion may be a tad too much for startups that still have zero major revenues and losses. However, investors are all crazy about what they call “the new Tesla” or the “Tesla of trucks”. Behind Rivian is Robert Scaringe, 38, billionaire of course. And its history teaches us many things. The first RJ, as she calls herself, dreamed of founding a car company from an early age; he didn’t just want a job as an engineer, he wanted to produce truly environmentally friendly vehicles. The second, RJ studied hard and well to get to where he arrived: degree as a mechanical engineer in New York and doctorate at MIT in Boston. The third: he founded Rivian himself (Rivian stands for Indian River, a river near where he grew up); but then he worked with a team for 10 years before he had something to tell. It happened in 2019 when he presented his electric vans to Jeff Bezos; Amazon has thus invested 700 million dollars, which was followed by the 500 of Ford and another 500 scattered, all without yet having sold a single SUV. The first pickup rolled off the robotic assembly line two months ago. Meanwhile, Amazon has ordered 100,000 electric vans. The employees have become almost a thousand. The first buyers automatically became shareholders. Then of course, startups are just child’s play.

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