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“The initial start-up capital came primarily from my parents, and they invested a large fraction of their life savings in what became Amazon.com,” Bezos says. “That was a very bold and trusting thing for them to do.”
Jeff Bezos • Invent and Wander: The Collected Writings of Jeff Bezos, With an Introduction by Walter Isaacson
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Aaron Leviex.comI got the idea to start Amazon 16 years ago. I came across the fact that Web usage was growing at 2,300 percent per year. I’d never seen or heard of anything that grew that fast, and the idea of building an online bookstore with millions of titles — something that simply couldn’t exist in the physical world — was very exciting to me.
Jeff Bezos • "What Matters More Than Your Talents"
Just before he stepped down as CEO of Amazon, Jeff Bezos wrote his final shareholder letter. He closed it out with a section he titled, “Differentiation is Survival and the Universe Wants You to be Typical.”
He prefaced his own thoughts with a quote from The Blind Watchmaker, “if living things [don’t] work actively to... See more
Patrick OShaughnessyx.com
Jeff Bezos’ advice for startups on how to spend their money:
“Pick the biggest problems and eliminate them one at a time.”
https://t.co/LwzkUJyXxq
Jon Erlichmanx.comJeff Bezos on why the United States has more entrepreneurial success than other countries: https://t.co/I6mCoqkgep
Jon Erlichmanx.comBezos enforced strict frugality in Amazon’s daily operations; he made employees pay for parking and required all executives to fly coach. But he was surprisingly profligate in some ways. In early 1998, when he hired Randy Tinsley from Intel to become director of corporate development, one of the first things he said to him was “I am really looking
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