The high-stakes hunt for the next Amazon in the AI haystack
- Jun 2
- 1 min read
WALL STREET JOURNAL — If you had put $100 into Amazon in 1997, you’d have made almost half as much from it alone, $280,000. Some of the other 489 IPOs worked out nicely, too, but the overall picture of a diversified internet portfolio was dismal, despite Amazon’s phenomenal performance.
Investors today frequently talk of finding the next Amazon. If you picked the actual Amazon and stuck with it, you’re probably reading this from your private island.
But even for Amazon, what mattered was your timing. In just over two years, from its 1997 IPO to its peak in December 1999, it turned $100 into more than $5,000.
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