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The Internet boom was just beginning. Amazon had sales of $4M a year. We had a handshake on a term sheet with the CEO to put $2M into Amazon for 20% o
by tzury 14y ago
The Internet boom was just beginning. Amazon had sales of $4M a year.
We had a handshake on a term sheet with the CEO to put $2M into Amazon
for 20% of the company (a $10M post money value). At the eleventh hour,
some guy named John Doerr flew up and offered $8M going in for 20% of
the company (a $40M post money value). Handshake? What handshake?
To get even, we buy all our books at Barnes & Noble. We don’t think
Amazon has noticed.