Amazon Web Services, every mention
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tap a year for its mentions
every year anyone David Rosenthal 162Ben Gilbert 102Steve Ballmer 7Ben Thompson 7Christina Cacioppo 3Sam Bankman-Fried 1Packy McCormick 1Mario Gabriele 1Brinton Johns 1Andrew Marks 1
Verbatim, from the transcripts: the passages where Amazon Web Services comes up
Amazon Web Services · Acquired
- ▶ 2:02:16 Ben Gilbert It stores data in AWS and other public clouds, and it is its own fifty billion dollar company.
- ▶ 2:02:45 David Rosenthal It's crazy that AWS did not do this.
- ▶ 2:02:48 Ben Gilbert It's probably AWS's biggest failure.
- ▶ 2:03:31 Ben Gilbert And it's funny that the playbook that Snowflake ran is pretty similar to the playbook that AWS ran when they were just S three and EC two serving individual developers.
- ▶ 2:04:31 David Rosenthal So AWS, we're going to do analysis now, do grading.
- ▶ 2:04:51 Ben Gilbert Rather than having a cohesive product strategy, AWS has kind of been alphabet soup.
- ▶ 2:04:57 Ben Gilbert And I haven't logged into the AWS dashboard in a while, but it used to just be so overwhelming.
- ▶ 2:05:59 Ben Gilbert And AWS keeps launching even more new, new services now to provide those guardrails and say, well, if you use
- ▶ 2:11:15 Ben Gilbert Yeah, let's start with power, because I think AWS is actually one of the best case studies in power of all time.
- ▶ 2:11:40 Ben Gilbert David, when AWS broke out their financials, they were at, did you say, 19%?
- ▶ 2:11:50 Ben Gilbert Now they're at 30%.
- ▶ 2:11:52 Ben Gilbert They've gotten more profitable when the landscape got more competitive.
- ▶ 2:15:18 David Rosenthal I mean, amazon.com took 13 years to offload off of Oracle onto AWS.
- ▶ 2:15:31 Ben Gilbert I mean, by being the leader at this point, they're just winning.
- ▶ 2:18:38 David Rosenthal It was AWS.
- ▶ 2:18:42 David Rosenthal 16 maybe New York Times article that came out where they reported that it was AWS and Apple got very upset about it.
- ▶ 2:19:56 Ben Gilbert They have spun up something where you can sort of build your applications in the cloud now, but I assume it's all just white labeled AWS or Microsoft.
- ▶ 2:20:09 Ben Gilbert I do know Facebook uses AWS.
- ▶ 2:20:20 Ben Gilbert But then they also use AWS for some stuff.
- ▶ 2:20:23 David Rosenthal I'm trying to think about does AWS have network economy power?
- ▶ 2:20:31 David Rosenthal I don't think I care if you use AWS.
- ▶ 2:20:51 David Rosenthal I think network economies is the only one that AWS doesn't have, but it indexes off the charts on the other four counter positioning scale economies, switching costs and branding.
- ▶ 2:21:40 Ben Gilbert They just invested so much in building out new data centers for AWS, they actually took Amazon cash flow negative.
- ▶ 2:22:32 David Rosenthal AWS is a utility company.
- ▶ 2:22:59 David Rosenthal And AWS happens to be an unregulated
- ▶ 2:25:01 Ben Gilbert Well, AWS sort of has the same thing going on where it's the ASML machines are much more scarce than the servers that AWS is buying, but it's unbelievably helpful for AWS to win market share so they can
- ▶ 2:25:47 Ben Gilbert So then here's a sort of thing that is unfortunate about AWS relative to the amazon.com business.
- ▶ 2:26:48 Ben Gilbert Incredible business model, the negative cash conversion cycle thing that they have in the retail business in AWS.
- ▶ 2:27:17 David Rosenthal Compared to their retail business that has a negative cash cycle, this is a less attractive element of the AWS business model.
- ▶ 2:27:25 Ben Gilbert All right, another one I had is, I was reading from friends of the show, Tegas, they had this great transcript that I was reading from a former AWS business development person on, uh, kind of the obsession around multi-cloud, and it got me…
- ▶ 2:28:19 Ben Gilbert In the most recent AWS keynote, they announced a bunch of services which are AWS cloud services that run in your data center, where Amazon employees come and install servers and maintain servers in your data center.
- ▶ 2:32:03 Ben Gilbert But yeah, this is the year after he makes the market-sized unconstrained comment about AWS.
- ▶ 2:32:58 Ben Gilbert AWS is a venture bet in their portfolio that they own 100% of.
- ▶ 2:34:41 Ben Gilbert Well, AWS is different.
- ▶ 2:35:22 Ben Gilbert They launched something in 2013 called AppStream to run mobile apps in the cloud, but the commitment to maintaining these things is just completely different in AWS than in the consumer business, and the biggest illustration is SimpleDB.
- ▶ 2:35:55 David Rosenthal And this is why, you know, you log onto the AWS product page and there's 200 services there.
- ▶ 2:36:13 Ben Gilbert Here's probably the most interesting way to think about, and actually, I'm gonna stretch this out from just AWS and talk about all of Amazon.
- ▶ 2:37:57 Ben Gilbert Continue operating the way that they have and continue finding more AWS's, or at some point they need to realize, oh, there's the edge of the TAM.
Howard Marks & Andrew Marks: Something of Value · Acquired
- ▶ 13:46 Andrew Marks You could have never dreamed that if you owned Amazon when the story was about growing as a retailer, you could have never dreamed of AWS.
Amazon.com · Acquired
- ▶ 2:56 Ben Gilbert In Amazon Web Services, and we'll save that for our next episode.
- ▶ 1:42:30 David Rosenthal But one of them is talking about AWS.
- ▶ 2:29:03 Ben Gilbert What if Jeff still owns a percent of Google, whether Google Cloud wins or whether AWS wins?
- ▶ 2:36:25 David Rosenthal And then eventually when Bezos started to step back and Jassy became CEO of AWS and Bezos was CEO of the whole company, Jassy's counterpart and CEO of Amazon retail was Jeff Welke.
- ▶ 2:40:45 David Rosenthal This is like Shopify, not AWS.
- ▶ 3:01:31 David Rosenthal Well, it's funny, you know, that story is AWS for Amazon.
- ▶ 3:14:14 Ben Gilbert There's a lot more to talk about here before we get into AWS, but I think, um,
- ▶ 3:19:30 David Rosenthal You know, like web services from the internet's largest retailer in 2008 or 2009.
- ▶ 3:38:45 David Rosenthal I mean, I can buy this stuff on walmart.com or we're not talking about AWS here.
- ▶ 3:46:31 Ben Gilbert They are financing the business entirely with Float until, of course, we'll get to AWS, and now they can actually finance it a lot more with just straight up operating income.
- ▶ 3:59:53 Ben Gilbert They never broke AWS out.
- ▶ 4:00:43 David Rosenthal Same story with advertising as with AWS.
- ▶ 4:10:13 David Rosenthal and then we'll grade Amazon web services on the next one.
- ▶ 4:10:46 Ben Gilbert Although Echo, to me, falls under AWS, but maybe not.
- ▶ 4:11:47 Ben Gilbert And of course, AWS would still come, their market cap would absolutely explode.
- ▶ 4:11:54 Ben Gilbert They've turned on the ability, especially with AWS, to get very profitable in the future.
- ▶ 4:15:47 David Rosenthal I can't, you know, if I were to predict a grade for Amazon Web Services, I, I would predict an A plus.
- ▶ 4:22:13 Ben Gilbert Man, I cannot wait to dive into AWS research.
Walmart · Acquired
- ▶ 1:37:33 David Rosenthal Obviously, we talk all the time on the show about Jeff Bezos and AWS and what we were just saying, focus only on what makes your beer taste better.
- ▶ 2:58:10 Ben Gilbert And it's a little bit of a deceptive graph because part of it is AWS.
The Playbook: Lessons from 200+ Company Stories · Acquired
- ▶ 46:32 David Rosenthal And so in 2008, Bezos came, and this was right after AWS had launched.
- ▶ 46:47 David Rosenthal They should build on AWS instead of rolling their own infrastructure.
- ▶ 46:54 Ben Gilbert Like, AWS got probably a five-year lead on cloud by piling people on the plane from Seattle, going down to the Bay Area, evangelizing like crazy to all these startups.
- ▶ 47:29 David Rosenthal Um, Jeff uses this sort of, uh, odd analogy for AWS, where he talks about European beer distilleries, beer breweries, around the turn of the 20th century, and you're like,
- ▶ 1:04:02 Ben Gilbert As we talked about earlier, you could argue they still wouldn't be profitable today if it weren't for AWS,
American Dynamism (with Katherine Boyle) · Acquired
- ▶ 20:22 David Rosenthal The origin of that quote was with Bezos when he was launching AWS at Y Combinator, you know, 15 years ago, but probably 70% of our sponsors here, you know, Fanta, Modern Treasury, Vouch, it's just in the water now that like, of course, the…
Arena Show Part I: Idea Dinner + YC Continuity · Acquired
- ▶ 22:09 Ben Gilbert I kind of like the thesis that's going around Fintwit right now where people are saying Amazon has gone so low that they're basically valuing the retail business at zero, and it's only AWS contributing to its market cap, and I think you…
- ▶ 30:06 David Rosenthal But about seventy five billion, more than seventy billion is AWS revenue, which is very high margin revenue.
- ▶ 30:13 David Rosenthal Um, the, but, so, each of those retail in AWS, I think there is a bare narrative around that I just simply don't agree with right now.
- ▶ 30:24 David Rosenthal On AWS, I think the bare narrative on AWS is, yes, it's amazing, high margin business, hats are off to Bezos, to Andy Jassy for building it, um, but its days are numbered.
- ▶ 30:51 David Rosenthal AWS is growing at 37% annually on a seventy five billion dollar base.
- ▶ 31:33 David Rosenthal Uh, so that's AWS.
- ▶ 31:54 David Rosenthal Well, they have a buy on the stock, and I think they were saying that, like, the upside is so much that even if you just valued Amazon based on AWS, you would still buy the stock.
- ▶ 32:09 David Rosenthal So let's AWS has over a 33% market share of cloud of the Internet.
- ▶ 34:19 David Rosenthal So I want to own AWS.
Nvidia: The Machine Learning Company (2006-2022) · Acquired
- ▶ 1:47:46 David Rosenthal Like, you can get NVIDIA GPUs in AWS and Azure and Google Cloud, and that is part of the growth story for NVIDIA, too.
SONY (75 years of electronics history in 3 hours) · Acquired
- ▶ 4:16 Christina Cacioppo Encrypted all your, you know, data at rest in AWS, that you use SSL on your websites, and it's up to date, you know, this, that, and the other.
- ▶ 5:36 Christina Cacioppo So AWS, G Suite, GitHub, et cetera, et cetera, et cetera.
Peloton - the entire history and strategy behind America's trendiest workout · Acquired
- ▶ 5:22 Christina Cacioppo Do you have your AWS, GCP, Heroku, whatever you're using?
Taylor Swift (Acquired’s Version) · Acquired
- ▶ 1:30:44 David Rosenthal Every other category you had at least, you know, something like Stripe for payments or AWS for cloud, like there was a service to take care of this for you, not with insurance.
FTX with Sam Bankman-Fried & Mario Gabriele (Extended Cut) · Acquired
- ▶ 53:46 Mario Gabriele Uh, it feels like there was also kind of a case of the Amazon AWS first best customer principle here where, you know, you were building this exchange and you also kind of knew that Alameda could, could really benefit from having something…
- ▶ 1:20:44 Sam Bankman-Fried And Amazon is AWS, and they have their store.
Not Boring (with Packy McCormick) - Extended Cut · Acquired
- ▶ 2:12:29 Packy McCormick It's like AWS for a venture firm with a little bit of like, also the person doing, you know, like, let's say I'm not technical, like also the person doing the integration and setting up AWS in the first place.
Complexity Investing & Semiconductors with NZS Capital (Extended Cut) · Acquired
- ▶ 28:46 Brinton Johns In, in 97, when they went public, you know, I think around a billion dollar valuation, nobody could have foreseen AWS, right?
Standard Oil Part II (Extended Cut) · Acquired
- ▶ 2:28:14 David Rosenthal Are you saying it would be like, uh, I don't know if you're like a shareholder or a board director at Amazon, and do I want to hold Amazon shares with everything, or do I want AWS shares and Amazon shares?
- ▶ 2:32:10 David Rosenthal So what does this portend for big tech breakups to like, should Amazon spin out AWS?
- ▶ 2:32:50 David Rosenthal I think that's always been a myth, that Amazon is the first and best customer of AWS.
- ▶ 2:32:58 Ben Gilbert Well, it took a while to move over all the Amazon stuff that was written not on AWS, AWS.
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