Amazon founder Jeff Bezos on 'hardest meetings' of his life, the first question that every investor asked me was what is the ...
Amazon's founder, Jeff Bezos, faced immense challenges raising initial capital, conducting 60 meetings with skeptical investors who barely understood the internet. He offered 20% of the company for a $5 million valuation, enduring 40 rejections before securing $50,000 from 20 investors. Bezos's honesty about the risks, even admitting a 70% chance of loss, was crucial for Amazon's survival.
Amazon's founder, Jeff Bezos, faced immense challenges raising initial capital, conducting 60 meetings with skeptical investors who barely understood the internet. He offered 20% of the company for a $5 million valuation, enduring 40 rejections before securing $50,000 from 20 investors. Bezos's honesty about the risks, even admitting a 70% chance of loss, was crucial for Amazon's survival.
