Just the Facts: A retail revolution turns 10
by Tom Carroll
I am trying out a new idea, just list the facts from the story and ignore all else. So with out further delay:
A Retail Revolution Turns 10 (not free as in beer)
Original Seed Money: $300 thousand
Amazon active users: 49 Million
Number of categories on Amazon: 31
Cost of free shipping in 1st qtr 2005: $55 million
Amazon Revenue:
- 1996 $15.7 million.
- 1997 $147.8 million.
- 1999 $1.6 billion (pinky pointing to mouth like Dr. Evil)
- 2004: $6.9 billion
Percent of Revenue generated by provideing services to third parties: 27%
Amazon Profit:
- 1999: – $719 million.
- 2004: $588 million
Amazon total losses as of 2001: $2.9 billion
Share Price:
- All time High: $113.
- 7/8/2005: $34.74
Share Price change:
2004: -16%
2005 YTD: -22%Year Amazon was founded: 1994
First year Amazon turned a profit: 2003
Years it took Amazon to make a profit: 9
Amount Borrowed from Banks: $2 billion.Jeff Bezos Networth: $3.5 Billion
Jeff Bezos Age: 41
Percent of Amazon shares owned by Jeff Bezos: ~ 25%
Jeff Bezos current salery: $81,000
My favorite quote from the article is by Mark R. Anderson. Mr Anderson said,
“You have to give Jeff credit.”
No shit???? I think everyone has given Jeff credit, to the tune of…… 2 Billion dollars.
Here is my question, how many small business loans does it take to fund Amazon?
‘Just the Facts’ With Tom The Architect
Tom The Architect has started a new category of his site called Just The Facts, where he compiles all of the facts from articles and just lists them. His first project distills all of the real content from the New York Times article A Retail Revol…