In the history of entrepreneurship, the stories of Facebook and Amazon stand as sagas of resilience and visionary thinking, challenging the conventional notion of immediate profitability. For years, both giants navigated uncharted waters, fueled not by immediate financial gains but by the unwavering belief in their transformative potential.
Facebook, once a dorm-room project, and Amazon, initially an ambitious online bookstore, both faced years of losses. Yet, their founders, undeterred by short-term financial setbacks, attracted venture capitalists who saw beyond the balance sheets – they saw the seeds of revolutionary change.
Entrepreneurs, take note: the journey to success is often a marathon, not a sprint. The playbook of Facebook and Amazon reveals a strategic dance with venture capitalists who not only injected capital but shared in the vision. It’s about understanding that sometimes, the pursuit of greatness requires partners who grasp the magnitude of the opportunity and are willing to invest in the long-term potential.
Remember that immediate profitability isn’t the sole metric of success. It’s about attracting the right partners, those who see the opportunity not just for what it is today but for the revolutionary force it can become tomorrow.
Facebook, once a dorm-room project, and Amazon, initially an ambitious online bookstore, both faced years of losses. Yet, their founders, undeterred by short-term financial setbacks, attracted venture capitalists who saw beyond the balance sheets – they saw the seeds of revolutionary change.
Entrepreneurs, take note: the journey to success is often a marathon, not a sprint. The playbook of Facebook and Amazon reveals a strategic dance with venture capitalists who not only injected capital but shared in the vision. It’s about understanding that sometimes, the pursuit of greatness requires partners who grasp the magnitude of the opportunity and are willing to invest in the long-term potential.
Remember that immediate profitability isn’t the sole metric of success. It’s about attracting the right partners, those who see the opportunity not just for what it is today but for the revolutionary force it can become tomorrow.
vusithembekwayo
2024-03-26 16:25:43
facebook ran for seven years to pre revenue not pre profit pre revenue which means they ran for seven years not selling anything to anyone amazon is now the world's largest retailer by market capitalizations been around for fifteen years for the first thirteen years of amazon's existence it made losses as a person who runs a business i know when you have a lot at the end of the year it's funded from two places shareholders' funds or debt so who was funding amazon's losses somebody funded for thirteen years even though it wasn't making money we just i'm not getting the message you don't need estate funding agency what you need is a hundred venture capitalists each of them with one hundred million and each of them willing to exit deals to each other bethel start a business i'll fund her for two years she still won't be profitable she'll do another capital call and i won't want to participate but i will know that he does so i'll call him and say i've got a deal or funded for two years it's now at less risk has has been running for two years fund it and then number three number four number five by the time they get to the seventh or eighth iteration of the funding round it's now running a profitable business
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