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#100 Chairman of Kleiner Perkins, John Doerr: Getting Into Trouble with Disruptors
Grit
Investing in a Book Distribution Center
When i met jeff, as soon as ye met him that visit, he took me into the distribution center for amazon. It was definitely just books at the time. And actually it was no books. What wed do is we'd take an order a book, we'd turn around and place that order with ingram micro d which had a book distribution center in portland. So there was a tremendous, virtuous, positive cash cycle there. As long as your rate of growth exceeds your rate of return on the incremental investment in the business, you'll be consuming cash. so jeff raised eight million dollars from kleiner, i think, for about 15 % of the company,
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