[adventured]

> For example, Amazon originally IPO'ed in 1999 after raising only 10M USD.

Small correction, Amazon's IPO was in May 1997. The $10m in venture capital is correct though ($2m common, $8.2m preferred).

They of course had a relatively small business, which matches with the $10m in VC and times. $15.7m in sales for fiscal 1996. Their sales ramp is impressive considering the Web at the time: $875k in 1Q96, $2.2m in 2Q96, $4.1m in 3Q96, $8.5m in 4Q96, $16m in 1Q97.

They raised $50x million in the IPO, and had a $560 million valuation at the end of the first day of trading.

Their S1:

https://www.nasdaq.com/markets/ipos/filing.ashx?filingid=124...

[eries]

I cite this fact all the time when talking to people about how capital markets have changed dramatically. But even I find it hard to remember the actual numbers. They are so mind boggling by modern standards. It wasn’t that long ago!

[miohtama]

Thank you! This was long long time ago and I did not fact check my memories.