Daily Productive Sharing 914 - Margin of Safety

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Jack Raines pointed out that Amazon was able to survive the dot-com bubble because they sold $672 million in bonds a month before the burst:

1. This cash provided Amazon with the security needed for survival;
2. SpaceX was able to survive because Elon Musk funded it with the money from his previous two companies, Zip2 and Paypal;
3. The success of many companies is simply outliving their competitors;
4. If you want to start a business on your own, make sure you have enough cash flow.

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Jack Raines 指出 Amazon 之所以能在互联网泡沫中存活下来，是因为他们在爆发前一个月卖出了6.72亿美金的债券：

1. 这些现金为 Amazon 的存活提供了保障；
2. SpaceX 之所以能活下来，是因为 Elon Musk 用之前两家公司 Zip2 和 Paypal 的钱来养活它；
3. 很多企业的成功，只是比竞争对手多活了一段时间；
4. 如果你想独自创业，请确保又足够的现金流。

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