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We were hoping to build a small profitable company and of course, what we've done is build a large, unprofitable company.
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
Hoping
Large
Build
Courses
Course
Small
Company
Unprofitable
Done
Profitable
More quotes by Jeff Bezos
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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Work hard, have fun and make history.
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The great thing about fact-based decisions is that they overrule the hierarchy.
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For many people, extended reading sessions on an LCD display cause eyestrain.
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If you never want to be criticized, for goodness sake don't do anything new.
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If we think long term, we can accomplish things that we couldn't otherwise accomplish.
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But there's so much kludge, so much terrible stuff, we are at the 1908 Hurley washing machine stage with the Internet. That's where we are. We don't get our hair caught in it, but that's the level of primitiveness of where we are. We're in 1908.
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Because, you know, resilience - if you think of it in terms of the Gold Rush, then you'd be pretty depressed right now because the last nugget of gold would be gone. But the good thing is, with innovation, there isn't a last nugget. Every new thing creates two new questions and two new opportunities.
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We're building a unique global platform...In the last 18 months we found that sellers and partners are interested in complementing their online and offline businesses with Amazon's platform
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Effective process is not bureaucracy. Bureaucracy is senseless process.
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Our premise is there are going to be a lot of winners. It's not winner take all. Other people do not have to lose for us to win.
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Focusing on the customer makes a company more resilient.
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You want to look at what other companies are doing. It's very important not to be hermetically sealed. But you don't want to look at it as if, 'OK, we're going to copy that.' You want to look at it and say, 'That's very interesting. What can we be inspired to do as a result of that?' And then put your own unique twist on it.
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I'm skeptical of any mission that has advertisers at its centerpiece.
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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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For people who are readers, reading is important to them.
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You don't want to negotiate the price of simple things you buy every day.
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You have to use your judgment. In cases like that, we say, 'let's be simple minded. We know this is a feature that's good for customers. Let's do it.
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We are stubborn on vision. We are flexible on details.
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