Jeff Bezos Held 60 Investor Meetings for Amazon; 40 Declined
In 1995, Jeff Bezos met with 60 investors, offering each a 1% stake in Amazon for $50,000. Forty declined. Today, that stake would be worth $25 billion.
Key Numbers
In 1995, Jeff Bezos was seeking funding for his startup Amazon, an online bookstore. He held 60 meetings with potential investors, offering each a 1% stake in the company for $50,000. However, 40 of those investors declined the offer.
Details
According to reports, those who declined did not grasp the potential of the internet at the time. A common question was: "What is the internet?" Today, had an investor accepted the offer, their 1% stake would be worth approximately $25 billion, based on Amazon's current market capitalization.
Context
Amazon was founded in 1994 and went public in 1997 at $18 per share. Since then, it has grown into one of the world's largest technology companies, with a market cap exceeding $2.5 trillion.
What This Means for Investors
This story highlights the importance of early investment in promising startups, but also serves as a reminder that risk is high and most startups fail. This information does not constitute investment advice.
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