Elan Head<p>In 2021, the downside cases in a Reinvent Technology Partners investment memo struck me as perhaps the most interesting part of <a href="https://mastodon.world/tags/Joby" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Joby</span></a> and Reinvent's pitch to <a href="https://mastodon.world/tags/eVTOL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>eVTOL</span></a> investors. Four years later, that memo looks remarkably prescient, as I explain in my latest story for The Air Current. <a href="https://mastodon.world/tags/aviation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>aviation</span></a> <a href="https://mastodon.world/tags/electricaviation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>electricaviation</span></a> <a href="https://mastodon.world/tags/archeraviation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>archeraviation</span></a> <a href="https://theaircurrent.com/industry-strategy/joby-archer-uae-plan-b-downside-middle-east-defense-evtol/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">theaircurrent.com/industry-str</span><span class="invisible">ategy/joby-archer-uae-plan-b-downside-middle-east-defense-evtol/</span></a></p>