His parents invested $300,000 in Amazon with the money they gave him. There was a 70% probability that Amazon would fall on its face or go bankrupt, he warned early investors. began as a bookstore, ...

The founder of Amazon, Jeff Bezos, quit his job at the investment bank in 1994 to start a virtual bookstore in Seattle. The site, which Bezos called Amazon, was developed in his garage by a few ...