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Vishu Bheda
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Medial • 3m
Jeff Bezos on raising Amazon’s seed round: “It was the hardest thing I’ve ever done” In 1995, Jeff Bezos was on a mission to raise $1 million in seed funding for Amazon. To do this, he sold 20% of the company at a $5 million valuation, offering $50,000 shares to 22 angel investors. But the journey wasn’t easy—Jeff had to pitch to 60 investors, with 40 of them saying no. The biggest challenge? Most people didn’t even know what the Internet was back then! Jeff patiently explained it during every meeting and was upfront about the risks. He told investors there was a 70% chance they might lose their money. Despite the skepticism and rejections, those 20 to 22 investors who said yes helped launch what would become one of the biggest companies in the world. This story shows the grit it takes to fund a big idea and the importance of believing in your vision, even when others don’t fully understand it yet. If you found this helpful then follow me for more valuable insights from the world best founders.
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