I'll give you a hint: Accept.com just recently received a large cash investment from a Kleiner Perkins. What a surprise? Amazon gets more cash in the bank by trading monopoly stock, and Kleiner Perkins just pocketed a couple hundred million dollars. And I'm sure whatever Kleiner Perkins tells amazon's board to buy, they buy.
Glenn, remember when this happened with Junglee/Planetall?
Does ANYONE elsoe think this is beginning to smell like 7 day old fish?
Using Amazon's hyper-inflated cash to "reward" other keiretsu members is a great strategy. Find a worthless startup company, get one of your buddies to invest a million dollars and get 51% ownership, then have Amazon come in and buy it for 200 million dollars. I used to think the treasury department frowned on people building their own money printing presses. I guess not anymore!
These are the sort of things that will eventually result in shiny bracelets.
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How will the Amazon network be built? On Tuesday, Amazon bought three start-up companies for $645
million. One of those companies, Accept.com, remains a total mystery. Amazon is unwilling to talk about
what the company, which is a scant seven months old, actually does . The company's not talking, either.
Accept.com's investors refuse to reveal the nature of the business, and even most of my venture-capital
sources seem clueless as to what it will add to Amazon. What, I wonder, could this venture possibly be?
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