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"How did Jeff Bezos manage to convince investors" With people investors or not a) consistency principle - people not wanting to be proven wrong (so they will
by larrys 15y ago
"How did Jeff Bezos manage to convince investors"
With people investors or not
a) consistency principle - people not wanting to be
proven wrong (so they will throw good money after bad)
b) sure failure if they don't give more money so they take a chance and throw good money after bad.
c) people issuing the debt make money on the deal so they have incentive to push and not as much if a failure.