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.
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