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[quote=Anonymous][quote=Anonymous]It was suggested to me that I invest in Amazon when absolutely no one had heard of it. I was (and remain) suspicious of such supposed inside information ( not actually “inside,” more like an early tip from a friend of a friend ). At the time, I thought, “how will an internet site for ordering books ever hit it big? “ Actually, since I had little discretionary income to invest at that time…it would not have made a big difference. But man would that investment have paid off over time. [/quote] Amazon did not have very many early stage, friends and angel investors. They did raise $1mm from about 20 investors in 1995-1996. That would have been a home run and you would be worth hundreds of millions of dollars. other than that the only time you could have bought Amazon was during the IPO and by that time people had heard of it. They had over 1mm customers at that point.[/quote]
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