LESSON > Most People Would Laugh At A Stock Priced At .06 Cents / Share - GoFuckYourself.com

KRL · 05-21-2004, 07:34 AM

Google Stake To Pay Off Big For Amazon Chairman Bezos

Amazon.com Inc. Chairman Jeff Bezos, ranked by Forbes magazine in February as the world's 82nd-richest person, stands to move up a notch or two when Google Inc. holds its initial public offering later this year.

Google, operator of the most widely used search engine on the Internet, disclosed in a securities filing that Bezos was one of the company's first five outside investors. The group, which also includes former Amazon.com executive Ram Shriram, paid 6 cents a share for Google stock in late 1998, according to the documents.

Bezos, 40, already has built a personal fortune of $5.1 billion, according to Forbes, by turning Seattle-based Amazon.com into the world's largest online retailer. He is set to reap further rewards as Google prepares to raise $2.7 billion through its IPO, a record first-time stock sale for an Internet company.

"You have to give Bezos credit for vision," said Benjamin Horowitz, chief executive of Opsware Inc., a software provider he set up with Marc Andreessen, one of the co-founders of Netscape Communications Corp. "Who would have thought in 1998 that the next big thing would be Internet search?"

Google officials declined comment and Amazon.com officials declined to make Bezos available for an interview.

Mountain View, Calif.-based Google sold 15.36 million Series A shares, for a total of $960,000, shortly after the company incorporated in September 1998, according to documents filed with the Securities and Exchange Commission on April 29. Bezos was cited in an exhibit to the SEC filing as one of five investors who owned the Series A preferred stock. The document doesn't disclose the number of shares Bezos holds.

Based on data in the filing, Google has a current stock market value of as much as $25 billion, or about $91 a share, according to estimates provided to The Wall Street Journal by Jack Ciesielski, publisher of Analyst's Accounting Observer.

That would represent a 1,500-fold return for the Series A investors, who will be able to convert their preferred stock into an equivalent number of common shares, according to the SEC filing.

Blinky · 05-21-2004, 07:42 AM

That's a pretty damn solid return !

schiz · 05-21-2004, 07:45 AM

So the moral of the story is that I should buy every 6 cent stock I can find. Quick. Loan me a shitload of money!

scoreman · 05-21-2004, 07:49 AM

For every 6 cent stock that yields a 1800x return there are too many to count that get you nothing but perhaps a piece of paper you can mount on the wall to remind you that penny stocks are sky high risk.

That being said, Jeff Bezos is one sharp muthafuka.

KRL · 05-21-2004, 07:52 AM

Quote:

Originally posted by scoreman
For every 6 cent stock that yields a 1800x return there are too many to count that get you nothing but perhaps a piece of paper you can mount on the wall to remind you that penny stocks are sky high risk.

That being said, Jeff Bezos is one sharp muthafuka.

Agreed, but the point was you should always at least look if one comes your way and not just brush it off without reading the prospectus just cause its priced so in the pennies.

Jer · 05-21-2004, 07:55 AM

That must be one of the best investments ever.

Jer · 05-21-2004, 07:57 AM

www.a9.com

scoreman · 05-21-2004, 07:57 AM

I get the feeling though with only 5 listed investors of class A shares, that this deal wasnt exactly something the everyday Joe was able to get in on. Seems that way with alot of initial offerings of stock. VC firms have the inside track to buy up all that is offered. Makes me suspicious if it gets down to the avg investor as I start to wonder why the smart money in the biz took a pass on XYZ company.

Course, I'm the kinda guy that will just give my dough to Vanguard to watch over with some low fees and indexing, so my input on penny stocks is worth as much as used toilet paper.

JamesK · 05-21-2004, 08:00 AM

Quote:

Originally posted by Jer
That must be one of the best investments ever.

What he said.

Jer · 05-21-2004, 08:00 AM

Quote:

Originally posted by Jer
www.a9.com

Damn, I've never used it before... but the "open book results" area SWEET! I've read about it, but I just performed my fist search

VeriSexy · 05-21-2004, 08:01 AM

I don't thing I was even using google back in 98. I think I was still using Altavista

Jer · 05-21-2004, 08:02 AM

Before I found Google I was using alltheweb.com

Tuna · 05-21-2004, 08:06 AM

wow some people have all the luck

Ash@phpFX · 05-21-2004, 08:26 AM

Quote:

Originally posted by Tuna
wow some people have all the luck

luck isnt the right word

WiredGuy · 05-21-2004, 10:07 AM

I don't call that luck, I call it vision.
WG

Rictor · 05-21-2004, 10:20 AM

I used to use webcrawler.com, then hotbot.com. I think I switched to Google when all the other engines turned to spam around 98 or 99.

05-21-2004, 07:34 AM	#1
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	LESSON > Most People Would Laugh At A Stock Priced At .06 Cents / Share Google Stake To Pay Off Big For Amazon Chairman Bezos Amazon.com Inc. Chairman Jeff Bezos, ranked by Forbes magazine in February as the world's 82nd-richest person, stands to move up a notch or two when Google Inc. holds its initial public offering later this year. Google, operator of the most widely used search engine on the Internet, disclosed in a securities filing that Bezos was one of the company's first five outside investors. The group, which also includes former Amazon.com executive Ram Shriram, paid 6 cents a share for Google stock in late 1998, according to the documents. Bezos, 40, already has built a personal fortune of $5.1 billion, according to Forbes, by turning Seattle-based Amazon.com into the world's largest online retailer. He is set to reap further rewards as Google prepares to raise $2.7 billion through its IPO, a record first-time stock sale for an Internet company. "You have to give Bezos credit for vision," said Benjamin Horowitz, chief executive of Opsware Inc., a software provider he set up with Marc Andreessen, one of the co-founders of Netscape Communications Corp. "Who would have thought in 1998 that the next big thing would be Internet search?" Google officials declined comment and Amazon.com officials declined to make Bezos available for an interview. Mountain View, Calif.-based Google sold 15.36 million Series A shares, for a total of $960,000, shortly after the company incorporated in September 1998, according to documents filed with the Securities and Exchange Commission on April 29. Bezos was cited in an exhibit to the SEC filing as one of five investors who owned the Series A preferred stock. The document doesn't disclose the number of shares Bezos holds. Based on data in the filing, Google has a current stock market value of as much as $25 billion, or about $91 a share, according to estimates provided to The Wall Street Journal by Jack Ciesielski, publisher of Analyst's Accounting Observer. That would represent a 1,500-fold return for the Series A investors, who will be able to convert their preferred stock into an equivalent number of common shares, according to the SEC filing. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

05-21-2004, 07:49 AM	#4
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	For every 6 cent stock that yields a 1800x return there are too many to count that get you nothing but perhaps a piece of paper you can mount on the wall to remind you that penny stocks are sky high risk. That being said, Jeff Bezos is one sharp muthafuka. __________________

05-21-2004, 07:57 AM	#8
scoreman Confirmed User Join Date: Nov 2001 Location: Miami, Florida Posts: 1,491	I get the feeling though with only 5 listed investors of class A shares, that this deal wasnt exactly something the everyday Joe was able to get in on. Seems that way with alot of initial offerings of stock. VC firms have the inside track to buy up all that is offered. Makes me suspicious if it gets down to the avg investor as I start to wonder why the smart money in the biz took a pass on XYZ company. Course, I'm the kinda guy that will just give my dough to Vanguard to watch over with some low fees and indexing, so my input on penny stocks is worth as much as used toilet paper. __________________

05-21-2004, 08:01 AM	#11
VeriSexy Join The Royal Family Join Date: Apr 2002 Posts: 25,463	I don't thing I was even using google back in 98. I think I was still using Altavista __________________ Looking for a KICK ASS TEEN SPONSOR? Check out ROYAL CASH - THE KING OF TEEN! Incredible webmaster tools FHGs, Morphing Blog and RSS Feeds, Embedded FLV & WMV Videos. With TOP RATIO Sites like TeenStarsOnly.com - Earn $$ with our New Site & Bonus Payouts!! ATMovs.com \| iTeenVideo.com \| TeenSexMovs.com \| TeenSexMania.com

05-21-2004, 08:06 AM	#13
Tuna Confirmed User Join Date: May 2002 Location: Steeler Country Posts: 1,307	wow some people have all the luck __________________ $30 PER SIGNUP PLUS 25% RECURRING FREE HOSTED PIC AND MOVIE GALLERIES Submit Your Free Sites, Pic and Movie Galleries Here ICQ : 20034024

05-21-2004, 07:42 AM	#2
Blinky Confirmed User Join Date: Mar 2004 Location: Australia Posts: 268	That's a pretty damn solid return !

05-21-2004, 07:45 AM	#3
schiz Confirmed User Join Date: Nov 2002 Location: Middle of a cornfield Posts: 1,103	So the moral of the story is that I should buy every 6 cent stock I can find. Quick. Loan me a shitload of money!

05-21-2004, 07:55 AM	#6
Jer God is Brazilian Join Date: Feb 2001 Location: Brazil Posts: 10,601	That must be one of the best investments ever.

05-21-2004, 08:02 AM	#12
Jer God is Brazilian Join Date: Feb 2001 Location: Brazil Posts: 10,601	Before I found Google I was using alltheweb.com

05-21-2004, 10:07 AM	#15
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,490	I don't call that luck, I call it vision. WG __________________ I play with Google.

05-21-2004, 10:20 AM	#16
Rictor Old Timer Industry Role: Join Date: Jan 2001 Location: Indianapolis Posts: 12,208	I used to use webcrawler.com, then hotbot.com. I think I switched to Google when all the other engines turned to spam around 98 or 99.