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TIP506: How Jeff Bezos Built Amazon
We Study Billionaires - The Investor’s Podcast Network
Bezos and Amazon
By early 1996, revenues were growing at 30-40% per month. By March of 1996, they outgrew their three small room office base with four desks in each office and upgraded to a more spacious warehouse just a few blocks from where they were currently at. That summer, Amazon launched one of their first big innovations which allowed other websites to collect a fee when they sent customers directly to Amazon to buy a book. They raised another $8 million from venture capital in exchange for a 13% stake in the company, valuing them at $60 million. With the venture capital funding and growth that Bezos had achieved, it was time for him to put together a team of experienced executives to
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