“because you’re going to have a lot of failures along the way.”
― Invent and Wander: The Collected Writings of Jeff Bezos
― Invent and Wander: The Collected Writings of Jeff Bezos
“At first Jeff and MacKenzie and a few early employees handled everything, including packing, wrapping, and driving the boxes off to be shipped. “We had so many orders that we weren’t ready for that we had no real organization in our distribution center at all,” Bezos says. “In fact, we were packing on our hands and knees on a hard concrete floor.”
― Invent and Wander: The Collected Writings of Jeff Bezos
― Invent and Wander: The Collected Writings of Jeff Bezos
“Bezos then consulted his wife, MacKenzie, whom he had met at the hedge fund and married the year before. “You know you can count me in 100 percent, whatever you want to do,” she said.”
― Invent and Wander: The Collected Writings of Jeff Bezos
― Invent and Wander: The Collected Writings of Jeff Bezos
“Every time a seismic shift takes place in our economy, there are people who feel the vibrations long before the rest of us do, vibrations so strong they demand action—action that can seem rash, even stupid. Ferry owner Cornelius Vanderbilt jumped ship when he saw the railroads coming. Thomas Watson Jr., overwhelmed by his sense that computers would be everywhere even when they were nowhere, bet his father’s office-machine company on it: IBM. Jeffrey Preston Bezos had that same experience when he first peered into the maze of connected computers called the World Wide Web and realized that the future of retailing was glowing back at him.… Bezos’ vision of the online retailing universe was so complete, his Amazon.com site so elegant and appealing, that it became from Day One the point of reference for anyone who had anything to sell online. And that, it turns out, is everyone.”
― Invent and Wander: The Collected Writings of Jeff Bezos
― Invent and Wander: The Collected Writings of Jeff Bezos
“To make the decision, Bezos used a mental exercise that would become a famous part of his risk-calculation process. He called it a “regret minimization framework.” He would imagine what he would feel when he turned eighty and thought back to the decision. “I want to have minimized the number of regrets I have,” he explains. “I knew that when I was eighty, 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.”
― Invent and Wander: The Collected Writings of Jeff Bezos
― Invent and Wander: The Collected Writings of Jeff Bezos
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