Markus F. Frisch
Dare ObasanjoIn 1995, Jeff Bezos's parents, Jackie and Mike Bezos, invested $245,573 in Amazon.com, which was a loan to help Bezos start his online bookstore.
Entrepreneurship is a carnival game.
Tatjana Schwarz@carnage4life what a fitting analogy!
O J@carnage4life I think if we add time as a scope, it will be more encouraging? What I'm saying is that with time, a generation after the ones who struggled to become secure will also have better options.
So, for instance, there probably was a time the senior Bezos did not have enough, or their own seniors, etc.
The stats will probably still be in favour of those who have resilient seniors providing backstops, but, hopefully, the population isn't static.
ThreeOfUs@ojwh @carnage4life hmmm optimistic
Paul S. Chun 🐻@carnage4life Two thoughts:
1. What an oddly specific number. Anyone have an idea why?
2. Some kids who hit a bullseye like Myspace Tom seem to get so turned off by the entire system that they disappear from the scene altogether. He definitely could be running an a16z but chooses not to. These decisions need airtime
hatpinhackerMy guess is that it's some percentage of the outstanding shares or near some round number of total dollars or some combination. It could also be related to the value of other assets which were previously sold to obtain the funds to purchase stock in the company.
> In February 1995, the Company sold 582,528 shares of Common Stock to Miguel
A. Bezos at a price per share of $0.1717. In July 1995, the Company sold 847,716 shares of Common Stock to the Gise Family Trust at a price per share of $0.1717. Jacklyn Gise Bezos is the trustee and beneficiary of the Gise Family Trust. Miguel A. Bezos and Jacklyn Gise Bezos are the parents of Jeffrey P. Bezos. In May 1996, the Company sold 30,000 shares of Common Stock to each of Mark S. Bezos and Christina Bezos Poore, siblings of Jeffrey P. Bezos, at a price per share of $0.3333.
@hatpinhacker Ah super cool, thanks so much for digging that up, that is very much appreciated!
Reverse calculating for total investment amount for the first round gets within 20 dollars of a clean $100K investment so I buy your theory.
I wonder why the number of shares were/are ever even brought into consideration, it's such an arbitrary unit of measurement.
John BurnsThey have big loops on their boots...
Where the poor folks can't even afford the boots.