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by troupe 973 days ago
> i don't have any fucking money, i can't invest in shit. That's the big difference between Jeff Bezos and Me.

Bezos's parents when he was born were a highschool student and a circus performer. From him to be where he is today, probably indicates there are other differences.

2 comments

Survivor bias, if you like.
How so? If I claim that the only difference between myself and my twin is that they had a 4.0 and I didn't, I'm totally missing the point that the difference is what we did--not where we started.
His parents also gave him $300,000 to start Amazon
Plenty of people willing to give you right now that money if you are willing to try do what Bezos did. This very website was made by some of them, you may have heard of that.

And the fac that his parent had that money to invest in him? Another success of Capitalism.

That's awesome to hear! OK, I'm planning to start an online bookstore, and maybe we'll do some M&A down the line and expand to offering cloud services and other subscriptions. Send me a message if you're willing to give me $300,000!
First, I would suggest you select an idea which is not a verbatim copy of a tech giant of today. Do the due diligence and ask yourself: what is your unique value proposition? What are you gonna compete on? How are you gonna differentiate? How are you gonna reach your prospective customers?

Then how are you gonna use the money I give you in your business to grow it 10x in an about 5-10 years time frame so I can get my investment back? Put together a plan. Call it a "business plan" and put it in writing.

Jeff Bezos had to answer these kinds of questions (and many, harder ones) before he got his first investment. What seems to you as an obvious, trivial idea today was a novel, risky approach 30 years ago.

He did the work and that is why he's rich. We are here commenting on an investor's forum instead and that is why we are... what we are.