I don't know the deets but $300k wasn't big in the 90s. My first raise was $1m in 96 (followed by 2 more Rounds) and that returned 35x by 2008. I'd love to have a slice of that Amazon $300k now 🤯
Eh, I’d still consider it big for unconditional support from parents. But yes, I guess I have to agree with you. Haha, his parents are billionaires too!
That first cheque used to be the hardest. pre seed and seed is relatively easy for a top founding team with a strong thesis. Now it's the 3rd cheque that can kill you off 🥵
So glad you liked it. It's part of a series under the working title "The OS for Running A Small Business" - this was #4. Thanks for tagging it ⭐ made me 😁
💯 - the concentration of talent within the biggest tech and fin services businesses will fragment into 100s of hyper scalers with high growth low employees rations.
Didn’t Amazon have deep pockets with a $300,000 investment from his parents?
I don't know the deets but $300k wasn't big in the 90s. My first raise was $1m in 96 (followed by 2 more Rounds) and that returned 35x by 2008. I'd love to have a slice of that Amazon $300k now 🤯
Eh, I’d still consider it big for unconditional support from parents. But yes, I guess I have to agree with you. Haha, his parents are billionaires too!
That first cheque used to be the hardest. pre seed and seed is relatively easy for a top founding team with a strong thesis. Now it's the 3rd cheque that can kill you off 🥵
I enjoyed reading this . I will link it somewhere in my publications!
So glad you liked it. It's part of a series under the working title "The OS for Running A Small Business" - this was #4. Thanks for tagging it ⭐ made me 😁
Do you think that with AI, there will be more bootstrapped entrepreneurs?📈
💯 - the concentration of talent within the biggest tech and fin services businesses will fragment into 100s of hyper scalers with high growth low employees rations.
I like the idea of early stage guides. I will have to bookmark this.
It's an emerging series we're creating - The OS for Running A Small Business 🌟 so follow/subscribe to capture them all 💲
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Investors bring money, but grit builds empires.
The most successful founders aren’t those who start big, but those who start smart.
Wise Words 🌟 Thanks for sharing 🙏
Awesome!
Most Founders are unfunded 🌟 seems such an important piece and we enjoyed writing it