Jeff Bezos’ parents gave him $245,573 to start Amazon in 1995 despite his warning that the company had only a 30% chance of success — what made them trust his risky internet business idea?

Jeff Bezos knew Amazon could fail when his parents gave him $245,573 from their savings in 1995. He had put the odds of success at only 30% and warned them they might lose the money. Most investors he approached had already said no. His parents still backed him, not because Amazon looked certain, but because they believed in their son.