Jeff Bezos
Jeff Bezos
Jeffrey Preston "Jeff" Bezosis an American technology entrepreneur and investor. He has played a role in the growth of e-commerce as the founder and CEO of Amazon.com, an online merchant of books and later of a wide variety of products and services, most recently video streaming. Amazon.com became the largest retailer on the World Wide Web and a model for Internet sales...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth12 January 1964
CityAlbuquerque, NM
CountryUnited States of America
You're not going to make Hemingway better by adding animations.
Cultures, for better or worse, are very stable.
Maintain a firm grasp of the obvious at all times.
The death knell for any enterprise is to glorify the past -- no matter how good it was.
We innovate by starting with the customer and working backwards. That becomes the touchstone for how we invent.
We've done price elasticity studies, and the answer is always that we should raise prices. We don't do that, because we believe -- and we have to take this as an article of faith -- that by keeping our prices very, very low, we earn trust with customers over time, and that that actually does maximize free cash flow over the long term.
If you only do things where you know the answer in advance, your company goes away.
The balance of power is shifting toward consumers and away from companies The right way to respond to this if you are a company is to put the vast majority of your energy, attention and dollars into building a great product or service and put a smaller amount into shouting about it, marketing it.
We also have no incentive compensation of any kind. And the reason we don’t is because it is detrimental to teamwork.
We are pioneers and the history of pioneers is not that good.
We're not competitor obsessed, we're customer obsessed. We start with the customer and we work backwards.
We were hoping to build a small profitable company; and of course, what we've done is build a large, unprofitable company.
I wanted to project myself forward to age 80 and say, ‘OK, I’m looking back on my life. I want to minimise the number of regrets I have.’ And I knew that when I was 80, I was not going to regret having tried this. I was not going to regret trying to participate in this thing called the Internet that I thought was going to be a really big deal. I knew that if I failed, I wouldn’t regret that. But I knew the one thing I might regret is not ever having tried. I knew that that would haunt me every day.
Cultures aren’t so much planned as they evolve from that early set of people.