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Jeff Bezos’ Parents Put $250,000 Into His 1995 Internet Bet Despite a 70% Loss Risk

Josh1 min read

Jeff Bezos at an event.In 1995, Jeff Bezos pitched his parents, Miguel and Jackie Bezos, on an online bookstore and they put $250,000 of their savings into the idea after he warned there was a 70% chance they would lose everything. That early stake, bought at roughly 17 cents a share for 1,430,244 shares, later ballooned to a value […]

Source: https://news.bitcoin.com/technology/jeff-bezos-parents-put-250000-into-his-1995-internet-bet-despite-a-70-loss-risk-49201/

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