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4/26/2018

History of journey with amazon company and Jeff Bezos



Today we all know that Amazon is world largest on-line seller, But the first stage of Amazon story starts with many curves.Amazon is started at 1994 in july month 5th date from Jeff Bezos. initially the company with the name Cadabra, But Jeff Bezos changed into Amazon.com. Basically Jeff Bezos find the Amazon name based on the dictionary and settled on "Amazon" name, Because it was a place that was "exotic and different". Amazon is the biggest river in the world in South America with the length of 6,992 km.So Jeff Bezos completely gone with Amazon name to reach entire world by selling books. When Amazon is started, Jeff Bezos started to sell book is the first category. So the company called Amazon is begins its activity through online or Internet as a bookstore.
Now Amazon now generate over $61 Billion as Revenue and holds the title as world’s largest  online retailer was started from Bezos’s garage at the age of 30 years old. Today it ahs more than 97000 employees in the world.

One of the interview with Jeff bezos says his primary funding,

First starting capital for Amazon.com from Jeff Bezos parents and even they invested of their savings which becomes today as "World largest Internet retailer". Even the Jeff Bezos parents don't know anything about his business plans and when Jeff Bezos got primary funding from parents, Jeff Bezos father asked quaction called " What’s the Internet?”. This is the way got primary funding from parents. Here the bet is not on the business, Bet is over his son. Be-lived him and funded at 25 years back, Today Amazon is in many country's in the world.

Initially Amazon was able to reach books in wholesale from Ingram and within first two months of time, Amazon sold over 45 countries with the sales up to $20,000/week.

In the short period of the time over the year Amazon raised a series A of $8M funding from Kleiner Perkins Caufield & Byers at 1995. After 2 years later stage Amazon gone public to raise additional capital funding at 1977 as by saying $18 per share. After few years at the year of 1999 Bezos is named in Time Magazine’s “Person of the Year”.

Amazon Has Acquired lots of companies till now, Here is the details

*In 1998 Amazon Acquired PlanetAll, Junglee, Bookpages.co.uk later became Amazon UK.
*In the year of 1999 Amazon acquired Internet Movie Database (IMDb), Alexa, Accept.com, and Exchange.com,
*In the year of 2003 Amazon acquired CDNow (Defunct),
*In the year of 2004 Amazon acquired Joyo.com, an e-commerce site in China,
*In the year of 2006 Amazon acquired Shopbop, a women’s luxury retailer,
*In the year of 2007 Amazon acquired DPReview.com and Brilliance Audio,
*In the year of 2008 Amazon acquired Audible.com, Fabric.com, Box Office Mojo, AbeBooks, Shelfari, and Reflexive Entertainment,
*In 2009 Amazon acquired Zappos,  Lexcycle, SnapTell,  Stanza (Kindle Rival),
*In the year of 2010 Amazon acquired Touchco., Woot, Quidsi, BuyVIP, and Amie Street,Toby Press,
*In the year of 2011 Amazon acquired LoveFilm, The Book Depository, Pushbutton, and Yap,
*In the year of 2012 Amazon acquired Kiva Systems, Teachstreet, and Evi,
*In the year of 2013 Amazon acquired IVONA Software, GoodReads, and Liquavista.

Today Amazon is serving in 13 countries in world listed below with N number of categories

Australia : Serving as www.amazon.com.au
Brazil  : Serving aswww.amazon.com.br
Canada  :Serving as www.amazon.ca
China   : Serving as www.amazon.cn
France  :Serving as www.amazon.fr
Germany :Serving as www.amazon.de
Italy   : Serving as www.amazon.it
Japan   : Serving as www.amazon.co.jp
Mexico  : Serving as www.amazon.com.mx
Netherlands : Serving as www.amazon.nl
Spain   : Serving as www.amazon.es
United Kingdom : Serving as www.amazon.co.uk
United States  : Serving as www.amazon.com

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