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If you can't feed a team with two pizzas, it's too large.
Jeff Bezos
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Jeff Bezos
Age: 60
Born: 1964
Born: January 12
Astronaut
Computer Scientist
Entrepreneur
Albuquerque
New Mexico
Jeffrey Preston Bezos
Jeffrey Preston Jorgensen
Jeff Preston Bezos
Jeffrey Preston ''Jeff'' Bezos
Success
Business
Pizzas
Two
Entrepreneurship
Life
Pizza
Feed
Entrepreneur
Large
Team
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I'm not saying that advertising is going away. But the balance is shifting. If today the successful recipe is to put 70 percent of your energy into shouting about your service and 30 percent into making it great, over the next 20 years I think that's going to invert.
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And I still buy books at B&N, Borders and Elliot Bay ... I probably shouldn't admit this. But I don't care. I love great bookstores.
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Percentage margins don't matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.
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We watch our competitors, learn from them, see the things that they were doing for customers and copy those things as much as we can.
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Strip malls are history.
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If you are going to do large-scale invention, you have to be willing to do three things: You must be willing to fail you have to be willing to think long term and you have to be willing to be misunderstood for long periods of time.
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Do something you're very passionate about, and don't try to chase what is kind of the hot passion of the day.
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I feel like in one year it's very easy to go from Internet poster boy to Internet piŃata.
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Cleverness is a gift, kindness is a choice. Gifts are easy-they're given after all. Choices can be hard.
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On the Internet, companies are scale businesses, characterized by high fixed costs and relatively low variable costs. You can be two sizes: You can be big, or you can be small. It's very hard to be medium. A lot of medium-sized companies had the financing rug pulled out from under them before they could get big.
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We are at the 1908 Hurley washing machine stage with the Internet.
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I'm going to go do this crazy thing. I'm going to start this company selling books online.
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Feel free to cover Amazon any way you want. Feel free to cover Jeff Bezos any way you want.
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The book is not really the container for the book. The book itself is the narrative. It's the thing that people create.
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People who are right most of the time are people who change their minds often
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I've not seen an effective manager or leader who can't spend some fraction of time down in the trenches... If they don't do that they get out of touch with reality, and their whole thought and management process becomes abstract and disconnected.
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Your margin is my opportunity.
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