Jeff Bezos started Amazon in 1994 and it took until 2001 to turn its first profit, reinvesting all its early revenue into growth instead of generating profit for seven years. He leveraged his prior success in finance, received seed money from his parents, and eventually raised millions from venture capitalists to fund the company, which began as a virtual bookstore operating out of his garage. The phrase "without making a cent for 7 years" refers to Amazon's strategy of delaying gratification an
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