We have seen and been part of a miracle
- Published in Updates
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Amvona Store: August 1999 - April 2010
- - Initial capital: $300
- - 1999-2003: One employee - (mostly) in a dorm room
- - 1999-2005: Growth completely self-financed - zero debt.
- - 1999-2006: Compound Annual Growth Rate ~120%
- - 1999-2010: Shipped over 1 mil products to ~ 300k customers worldwide.
- - April 2010: Precisely zero bank debt on our balance sheet.
We have seen and been part of a miracle.
G.M. Lemelson
Founder and CEO
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Amvona publishes critical articles and interviews at the intersection of Faith, Finance and Economics.