Jeff Bezos convinced 22 investors to back his new company Amazon in 1994 (2018)

Re:Jeff Bezos convinced 22 investors to back his new company... by cauthon on Saturday August 22, 2020 @04:20PM (#24246959)

> “I was stupid enough to sell them rights to the whole bunch,” Sapkowski said at the time. “They offered me a percentage of their profits. I said, ‘No, there will be no profit at all — give me all my money right now! The whole amount.’ It was stupid. I was stupid enough to leave everything in their hands because I didn’t believe in their success. But who could foresee their success? I couldn’t.”

Do you think he would have returned the lump sum if the game failed and they went broke?

You give up risk when you ask for a lump sum

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Re:Jeff Bezos convinced 22 investors to back his new company... by oblio on Saturday August 22, 2020 @05:14PM (#24247300)

Why not split the difference? A lump sum and a smaller percentage.

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Re:Jeff Bezos convinced 22 investors to back his new company... by skinnymuch on Saturday August 22, 2020 @06:05PM (#24247653)

For the author? Since he didnt believe in it, any slice would have been timny. His regret and words would likely be close to the same.

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Re:Jeff Bezos convinced 22 investors to back his new company... by Scoundreller on Saturday August 22, 2020 @07:14PM (#24248059)

And one could argue that the gamemakers were much more motivated to create a successful product when they started out in the red, but got the keep all of any profits.

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