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If you want to be inventive, you have to be willing to fail.
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
Fail
Failing
Willing
Inventive
More quotes by Jeff Bezos
Entrepreneurs must be willing to be misunderstood for long periods of time.
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One of the things that I hope will distinguish Amazon.com is that we continue to be a company that defies easy analogy. This requires a lot of innovation, and innovation requires a lot of random walk.
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Percentage margins are not one of the things we are seeking to optimize. It’s the absolute dollar free cash flow per share that you want to maximize, and if you can do that by lowering margins, we would do that. So if you could take the free cash flow, that’s something that investors can spend. Investors can’t spend percentage margins.
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If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.
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The death knell for any enterprise is to glorify the past -- no matter how good it was.
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If we think long term, we can accomplish things that we couldn't otherwise accomplish.
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We are stubborn on vision. We are flexible on details.
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I went to Princeton specifically to study physics.
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Go to bed early and wake up early. The morning hours are good.
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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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If you look at academic studies, you can see that stock prices are most closely correlated with cash flow. It's such a straightforward number. Cash flow is what will drive shareholder returns.
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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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The Net is pretty cool, but the physical world is the best medium ever.
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The common question that gets asked in business is, why? That’s a good question, but an equally valid question is, why not?
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I think technology advanced faster than anticipated. In that whirlwind, a lot of companies didn't survive. The reason we have done well is because, even in that whirlwind, we kept heads-down focused on the customers. All the metrics that we can track about customers have improved every year.
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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 expect all our businesses to have a positive impact on our top and bottom lines ... Profitability is very important to us or we wouldn't be in this business.
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Amazon Pages and Amazon Upgrade leverage Amazon's existing 'Search Inside the Book' technology to give customers unusual flexibility in how they buy and read books, .. In collaboration with our publishing partners, we're working hard to make the world's books instantly accessible anytime and anywhere.
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I try to spend my time on areas that I think are important for the future, and where I think I can add value.
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Every new thing creates two new questions and two new opportunities.
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