Bezos recalls Amazon's riskiest move

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Jeff Bezos, Amazon's founder and CEO, tells Charlie Rose why he once handed over 20 percentof the company and what he got in return. Bezos says, "Lot of people did very well in that deal."

60 Minutes, the most successful broadcast in television history, kicked off its 46th season on Sept. 29, 2013. Watch Sundays at 7 p.m. ET/PT.

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The market cap of Amazon today is $1.7 trillion so 20% of that divided by about 22 people means that each of those $50k investments is now worth more than $15 billion, literally a 300, 000x return.

revan

Fortunately, Charlie Rose wore pants for this interview.

bentybaroon

Imagine being one of those people who put up the 50K. Right now they are Ballin 🤑

provenknowledge

Love his laugh! Oh, this is truly someone who can laugh all the way to the bank! Amazon is amazing!

shellsdonna

now amazon became india"s no. one online retailer.

karanbisht

imagine how the 48 people must feel who declined the investment. if you put 100k for 2%, it would be worth close to 20 billion today. if you gave him the 1m for 20% because you are a oil taicoon or something, you would be worth more than the grand master bezos himself. jeff owns 16.x %

phareaction

WHAT'S THE INTERNET part. That was hilarious XD. Would that be the same question such as what's the blockchain? What's the AI? like all these industry 4.0 questions?

JHHAN-st

Daaamn being one of those first investors.. 50k early on must be worth an insane amount now

BoStanfordify

trying to sell cars to people in a country without roads is hard

KevinColt

All those 22 people would be billionaire by now

Mr.Mister

Wow. The risk and courage in raising a million from investors when the main question was, ‘what’s the internet’. Incredible

zaz

his riskiest move was asking for a million dollar investment? Seems more like the most important moment for Amazon, not its most

davidlee

What's a Blockchain?
*2 years later
*NEX* is the key to all of this!

TheDifferenced

He also could have mentioned the introduction of Amazon Prime. The company was taking a bath on shipping costs sending everything through the air and it was a huge money-loser for them until they achieved scale. It took real guts to follow through and stick with it until they did achieve scale.

ep