Amazon : The Biggest Electronic Commerce Company Essay

1660 Words Jan 18th, 2016 7 Pages
Amazon.com, Inc. or often referred to as Amazon is one of the biggest electronic commerce company in the world. It all started when 30 years old Jeffery P. Bezos, the innovative founder of Amazon, who was working on Wall Street at the time of 1994. As innovative as he is, he started to realize that the Internet was about to become an essential part of everyone’s daily life. He quit his job on Wall Street and decided to start his own company. He made a list of top 20 things to sell on the Internet and then came to the conclusion to sell books because it had the lowest starting cost and a universal demand for it. According to an interview that Bezos did, his initial start up fund came primarily from his parents living saving. His dad didn’t even know what the Internet was, but he made a bold and trusting move to support his son’s idea, which turned out to be a very successful one. He started Amazon out of his garage and within the first 30 days, the company was doing $20,000 per week in sales. The next year Bezos raised an $8 Million round of funding from Kleiner Perkins, and two years after that the company goes public at $18 per share. This was just the beginning of it; through out the years Amazon had made countless innovations that contributed to its growth. From just Bezos himself and his garage, it had come a long way to become one of the biggest company in the world valued at $175.1 Billion and over 150,000 employees. It really is amazing how an innovative idea such as…

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