Amazon

“The data shows us that women are the, have the purchasing power in the household. Like if you are Amazon or Walmart, you actually want to get to the female. Because she's typically the one doing a lot of the household spending. But the one with the understandi…”

“I mean, the advertising budget for Amazon is bigger.”

“Sam Walton, CEO and founder of Walmart, said this line that then Jeff Bezos stole exactly. He said, we get into some of the doggondest knockdown drag outs you've ever seen, talking about his management meetings, but we have a rule. We never leave an item hangi…”

“Amazon, 20 years ago, if you were a third-party marketer or a third-party reseller selling your products on Amazon, they took about 20%. Of your gross dollar volume, now they take 45, because they kind of own the market.”

“Book is out. Top spotted hit was 91 on Amazon, which was first author in the family.”

“Chinese sellers outnumber US sellers. By almost three X on Amazon.”

“The only way people can reliably make money with dropshipping through fulfillment by Amazon is to teach others how to do it.”

“So, 40 cents of every dollar of venture capital funding goes to where? Does anybody know? It goes to the big four. That's ads, right? It goes to Google. It goes to Amazon. All of the venture dollars go to getting distribution.”

“Amazon fulfilled by Amazon, so Amazon FBA. 90% fail rate. Or they plateau at, let me tell you how much, a hundred bucks a month in profit.”

“If you don't own one of those seven stocks, you've underperformed the market and your returns are probably flat.”

“Amazon, 20 years ago, if you were a third-party marketer or a third-party reseller selling your products on Amazon, they took about 20%. Of your gross dollar volume, now they take 45, because they kind of own the market.”

“When you look at ad revenue from YouTube or Meta or Google or Amazon, you know, which is anywhere from, you know, forty billion to two hundred and ninety five billion, as compared to ad revenue for You know, Warners or Comcast or whatever, which is like eight …”

“After seeing all the success that Square had, Amazon, big baby Amazon, they launched a competitive product called like Amazon Local Register. It's a mobile credit card reader for small businesses, and it had lower fees. So it was way cheaper. It's backed by a …”

“I've seen people at Amazon actually tell Jeff Bezos, you run an evil company while working for it. Like, why are we evil? I had an all hands, a guy, you know, said, we seem to avoid taxes. Why are you such a tax dodger?”

“Jeff hated PowerPoint and the famous story why it it's old now, but when the space shuttle Challenger exploded, They went and found the PowerPoint slide had been used to justify the launch. And this PowerPoint had like seven levels of nested bullets and the ti…”

“One of the businesses I helped start was our t-shirt printing business. So I had to justify like, hey, we've never printed t-shirts before. Why is this a good idea? And why should we do it? And what's going to be the consequences? And three of us worked togeth…”

“He often said we need to be strategically patient, but tactically impatient. And what he meant by that was really valuable things take time to build.”

“Like my first team that built this version of prime video that failed at the demo was only seven people.”

“He went from making about 300,000 and making about three quarters of a million in one jump.”

“I'd rather pay to get two of something because I find when I force people to collaborate too soon, they gridlock and argue about priorities, and what I actually get is nothing. And so I'd rather pay for two Then get zero, and if we're so lucky as to get two wo…”

“The, another thing I learned from Jeff, he always spoke last because he realized very quickly that even though he wanted strong leaders who would disagree with him, once the great Jeff Bezos says, I like this idea, Everyone else is more or less going to line u…”

“At Amazon, we had an ownership leadership principle, which is part of how Amazon runs. It has a set of principles. And at one point they were considering removing it and I led the fight to keep it. And some of the words in it That I helped create, say an owner…”

“When Jeff Bezos raised Amazon's first million bucks in ninety-five-ish, he took 60 meetings, he got 40 rejections, and he told every investor the same thing. He figured there was a 70% chance they would lose their entire investment.”