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Amazon.com
Acquired
Should We Grade Tom's Investment in Amazon as of 2007?
At the time, if what you're playing for is $300, $400 million outcomes, then like, it's pretty important for your multi $100 million fund to own like a quarter of that company. Which is in part why people needed to be more ownership sensitive or certainly there were more funds obsessed with ownership than there are now. If you had bought a hundred shares at the IPO, which I think did we say 17, 18 market cap of four, 38 million, today you'd have $2.6 million and you would have made 1500 X,.
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