Followed the company from its infancy but they never -explain – qualified for one of my books. But it’s tough to ignore advice form a guy who has a net worth of 158 billion dollars.
Half of all online searches start on Amazon, 50% of Americans belong to Prime, and the company receives 1 of 2 dollars spent online.
Article by Randall Lane, Editor of Forbes and have always admired him.
- Day 1 Tower – it’s the first day of their existence and the first day of the Internet (Think BIG Act Small)
- Emphasize growth over short term profitability
- Multiple paths to yes, instead of multiple paths to no. (Dan DiMicco, Nucor Steel)
- Celebrate and undo your small failures (Schwab)
- Looking for a differentiated idea – not a me too offering. Has to be big. Had to offer potentially great return on capital. Kindle story…. nobody wanted to do but Bezos said we need to start learning. (arrow Electronics)