Rivian admitted in a regulatory filing that it is delaying its goal of reaching “positive EBITDA” next year because of how much it is spending on developing self-driving technology.
As a founder, transitioning your business’s operational processes to someone else is crucial. When it was the right time for me to step back, here’s how I chose the right successor.
Startup success is partially dependent on doing some things well. But it’s also hugely dependent on avoiding the mistakes of entrepreneurs who have failed before you.