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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Tom D who wrote (61426)	6/9/1999 12:43:00 PM
From: Glenn D. Rudolph	Read Replies (7) \| Respond to of 164684

Tom, Your post surprises me. Particularly, this part. I have a close friend who is very bright, dedicated, and creative. He has worked 90 hours a week for the last 8 months and been paid nothing. He is about to file for 2 patents, has written a business plan and is raising VC funding. He gambles most of his life savings so that he can have some meaningful piece of the company, and stresses himself and family to superhuman levels. And if his company should flourish, and he creates a company with a multibillion dollar market cap, God help him if he dares to sell a fraction of a percentage of his stock before the business is profitable. Because that would be "improper". Bezos did not do this. He used his connections at Shaw to go to Kleiner Perkins. He is paid a salary for his work at AMZN. It is not a large salary but sufficient to get by until he can make a return on invested captial for the equity markets. The percentage that he owns of Amazon is more than it should be too so to state how little he sold is totally rediculous. That has been a trick for the insiders to become wealthy on money losing net stocks. I wonder if you understand the risks, the stresses, the toil and the life he pours into the company? You would judge such a person so harshly (in my opinion). He is a mulitimillionaire without making a dime for the equity markets. What risk? He has no risk. AMZN is a novel business model. Profits are years away. So what? That has never been a secret. Profits were suppose to start around Q4 of this year. Cut me a break with this love of Bezos. Tom, Amazon made you money due to a manis in the net stocks. It is that simple. Bezos was in the right place at the right time to get rich. That is not talent. It is luck. Glenn