‘Every investor asked, what is the internet?’: Jeff Bezos on his hardest meetings

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.