Flames of war hit the beach amazon2/17/2024 ✨ Leverage new paradigms only to do the previously impossible Jeff selected books analytically: they are easy to ship, you can get most from just a couple distributors, but there was also meaningful long-tail demand that bookstores (even large ones) didn’t keep in stock. Using his now-famous “regret-minimization framework,” Jeff knew that the bigger risk for him was STAYING in his great jobģ. Shaw, the decision to quit was “easy” compared to the opportunity cost of not starting Amazon □ Do what you’ll regret the least when you’re 80Įven though Jeff was the heir-apparent at D. He realized the rarity of that tailwind, quit his job, and didn’t waste any time before starting AmazonĢ. We can’t think of ANYTHING that’s growing that fast today. In 1994, Jeff realized that traffic on the internet grew at 2300x the previous year(!) □□When you witness a once-in-a-decade (or century!) anomaly, run toward it **Big News** We've got merch! Check it out at ! ġ. And because all great series are trilogies, to fully understand Amazon we highly recommend starting first with our previous episode on Walmart, which truly is the giant’s shoulder that Jeff Bezos stood upon. And of course because we’re Acquired and this is Amazon, we couldn’t contain it all to just one episode… even a 4+ hour one! So today we focus on the retail business, and we’ll have another full episode on AWS coming soon. We’ve waited seven years to do this episode, and are so, so excited to finally dive into every nook and cranny of this legendary company. No company has impacted the internet - and all of modern life - more than this one. The Complete History & Strategy of Īmazon.
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