Amazon.com founder Jeff Bezos is one of the richest people in the world, worth $200 billion. Brother Mark Bezos could follow in the success of his older brother with a career in private investments.
What Happened: Mark Bezos and David Moross recently launched HIPstr, an early-stage investment arm for their HighPost Capital private investment firm. HIPstr, raised $100 million and has invested in six companies, including one linked to Kylie Jenner.
HIPstr is set to invest in what it calls early-stage consumer growth and consumer technology enablement companies. Bezos and Moross launched the new investment arm to invest in early-stage businesses "that did not fit the investment criteria of HighPost's" traditional investment strategy.
"We launched HIPstr to capitalize on an attractive market opportunity driven by a reset in early-stage company valuations alongside a structural shift in how entrepreneurs scale companies," Moross said.
The investment ...
