Besides being an online retailer, Amazon.com is in the hosting business offering storage, virtual server, payment and other services on a pay-per-usage basis. Some customer are saying that using Amazon Web Services has allowed them to skip venture capital funding because they didn't have to invest in hardware infrastructure.
Amazon is now trying to get the word out by launching a Start-up Challenge that will see the best new Internet company idea receive funding in the form of $50,000 cash, an equal amount in Amazon Web Services credits, mentoring and a "seed investment offer,". Successful start-ups such has Justin.tv have gone the route of Amazon Web Services and the service is seen by many as a viable alternative to costly capital investments.
Time to put the thinking caps on!
Amazon is now trying to get the word out by launching a Start-up Challenge that will see the best new Internet company idea receive funding in the form of $50,000 cash, an equal amount in Amazon Web Services credits, mentoring and a "seed investment offer,". Successful start-ups such has Justin.tv have gone the route of Amazon Web Services and the service is seen by many as a viable alternative to costly capital investments.
Time to put the thinking caps on!
