Amazon

“If you had just brought, bought the fang companies, so Facebook, Amazon, Apple, Google in the 10 years it outperformed all VCs or sorry, It outperformed even this sort of top like expected returns of venture capital. So the public market, if you just bought th…”

“It took Google 22 years to get to a trillion. It took Amazon 24 years to get to a trillion. It took Apple 42 years to get to a trillion. It took Microsoft 44 years to get to a trillion. It took Bitcoin 12”

“The next Amazon is conversational shopping in your house. It's just saying what you need and having something go get it for you.”

“Oh, you know, like, as the, as Obamacare kicked in, the stock price went from, like, 24 dollars a share to 400 dollars a share now. And so you know, that was a better investment than Amazon, Google, Netflix, whatever, during the same period of time because the…”

“It's estimated on Amazon. They are doing around 800, sorry, eight million dollars a month on Amazon only. And then probably another seven million through their retail outlets.”

“First, they're going to do the remote thing that I talked about, which is Instead of paying somebody 24 dollars in California, they're going to find somebody in Nebraska who can zoom in and say, can I take your order? As long as they could say, can I take your…”

“Have I sold, yeah, I sold a small amount, maybe 15%.”

“Because if you look at the liquidity of the marketplace on Amazon, romance novels has the most amount of buyers and also like the most amount of transactions.”

“It's not just going fast, although fast is important, but it's that like focusing tons of resources on a small focal point. So like to go back to the Amazon example, it's starting with bookstores, right? It's starting with just books. Like I'm gonna take tons …”

“One important reminder is if you missed Amazon, you had until 20 10 to invest in it. There's a lot of time to wait and sit and watch to find these great businesses.”

“We had to use Amazon's people to do international expansion, like Twitch, even as a multi-billion dollar company, didn't have like that expertise in house.”

“When Jeff Bezos started Amazon, he noticed this like crazy stat, you know, this new thing called the internet was growing 2700% per year.”

“And I think at one point he was the single largest outside shareholder of Amazon and owned like 15%.”

“So we copy Amazon for, if you actually look at our net profit over the past literally 14 years, it's like .5% net income margin.”

“Twitch being owned by Amazon had its version of this called T team. And so I got put on T team and so, you know, T team is like whatever, 15 of the top people in the company.”

“And the media rights for both of these are coming up this year and next. And so they have a chance to renegotiate and basically double what they're getting paid for by all the streaming companies by Netflix and by Amazon and ESPN and all the companies that wan…”

“I remember when Chamath went on stage in 2016 and he was like, there's a multi trillion dollar company hidden in plain sight. And he made a case for why Amazon was going to get to three trillion by 20, 25. This is back in 2015.”

“He has Netflix and Amazon reaching out to him about a show for this.”

“When you see a book that says number one or just like USA Today bestseller, what that tells me and what it has always told me is that they didn't make the New York Times list. So the New York Times list is kind of a benchmark because you can be a number one so…”

“I think right now the retailers that are taking advantage of TikTok, the TikTok flywheel, are cleaning up. And what I mean by that is there is a very specific moment of time right now where You can create content on TikTok, either yourself as a brand or even b…”

“The thing that they're doing so smart is that, like, you've got a lot of people that are promoting the product on something like TikTok, right? And they're getting a lot of attention and eyeballs on it, but then the people arrive at something that is much more…”

“We've sold a million copies now... Between we are on Amazon and whatnot as well, but yeah overall it's, we, we've sold a million copies through both the Amazon and the funnel.”

“And at one point they banned him on Amazon. They banned him on Amazon for returning too much stuff because he would buy all of this stuff to test it out.”

“I was trading when Amazon first came out and we had 30,000 shares of Amazon, like right out of the hole. And I went negative on it. I'll never forget story. My wife and I shit, we didn't have enough money to pay attention at the time. And we were sitting there…”

“He didn't tell anybody, but people saw him update his LinkedIn and it said Amazon associate or like warehouse associate or something. Basically he's back at a Amazon warehouse now being a pickpacker kind of minimum wage job again.”

“So last year, 80, eighty one million dollars in revenue. Barcode sales makes up 90, 93% of this. And again, a barcode is nothing. It's literally like just a set of lines that they're selling for ninety million dollars a year. And they now have four hundred and…”

“And as of late, if you go to his LinkedIn, he has not made an ordeal out of this. This is all other people like us talking about it, making an ordeal out of it. But now he's an Amazon warehouse worker and he's working in the Amazon warehouse and he kind of is …”

“And by the age of 24, he's running a three hundred million dollar P&L inside of Amazon. He's the GM of that business.”

“What I've noticed is the Trump administration only walks back things when the markets move, and the fastest way to make the markets move right now is to go after the companies that are 40% of the S&P by unsubscribing from Amazon, from Apple, from Microsoft pla…”

“What I'm telling you is that the anecdotes typically show you that your metric is incomplete, that it's not capturing some part of the customer's experience that actually matters, and both the metric is right and the customer is right. The metric is just incom…”