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Entrepreneurs must be willing to be misunderstood for long periods of time.

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
Entrepreneur
Periods
Willing
Must
Long
Time
Entrepreneurs
Misunderstood

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Our biggest cost is not power, or servers, or people. It's lack of utilization. It dominates all other costs.
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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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Cultures, for better or worse, are very stable.
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For people who are readers, reading is important to them.
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I think that, ah, I'm a very goofy sort of person in many ways.
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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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The framework I found which made the decision incredibly easy was what I called — which only a nerd would call — a “regret minimization framework.” So, I wanted to project myself forward to age 80 and say, “Okay, now I’m looking back on my life. I want to have minimized the number of regrets I have.”
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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 don't buy stocks, I make stocks.
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I definitely believe people should pay for copyrighted works. And the laws are sufficient: They already require you to pay for copyright work. There's no confusion. The problem is...it's a heck of a lot easier to steal MP3s than to buy them.
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If you build a great product or service, people will talk about it. But it starts with having something that's worth talking about.
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Part of company culture is path-dependent. It’s the lessons you learn along the way.
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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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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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You cannot make a business case that you should be who you are not
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People loved their horses, too. But you don't keep riding your horse to work just because you love it.
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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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We were hoping to build a small profitable company and of course, what we've done is build a large, unprofitable company.
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The thing that motivates me is a very common form of motivation. And that is, with other folks counting on me, it's so easy to be motivated.
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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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