Musk Urges G20 to Increase Startup Investment, Says Support for Established Firms Is Excessive
Summary
- Elon Musk urged G20 leaders to increase investment in startups.
- He said governments provide too much support to established companies and that more investment is needed for startups.
- He called for expanded financial support for new businesses and urged G20 countries to take a more active role in related investment.
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Elon Musk, Tesla's chief executive officer, urged Group of 20 leaders to increase investment in startups.
Cointelegraph reported on September 1 that Musk said governments tend to provide too much support to established companies and that startups need more investment.
He also called for expanded funding for new businesses and urged G20 countries to take a more active role in such investment.
Musk did not outline a specific level of support or policy measures to expand startup investment.
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