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Jeff Bezos on raising Amazon’s seed round: “It was the hardest thing I’ve ever done”“To raise the first $1 million of seed capital for Amazon, I sold 20% of the company at a $5 million valuation. I sold 20% of the company for a million dollars to 22 angel investors, roughly $50,000 each.”Jeff recalls taking 60 meetings to get to those 22 angels who said yes, which means roughly 40 of the investors he pitched said no.“And by the way, the 40 ‘no’s were hard-earned ‘no’s… They were multiple meeting
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Jeff Bezos on raising Amazon’s seed round: “It was the hardest thing I’ve ever done”“To raise the first $1 million of seed capital for Amazon, I sold 20% of the company at a $5 million valuation. I sold 20% of the company for a million dollars to 22 angel investors, roughly $50,000 each.”Jeff recalls taking 60 meetings to get to those 22 angels who said yes, which means roughly 40 of the investors he pitched said no.“And by the way, the 40 ‘no’s were hard-earned ‘no’s… They were multiple meeting
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