We were right about AWS, but we’ve also taken plenty of risks that didn’t pan out. In fact, Amazon has made billions of dollars of failures. Failure … - Jeff Bezos

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We were right about AWS, but we’ve also taken plenty of risks that didn’t pan out. In fact, Amazon has made billions of dollars of failures. Failure comes with invention and risk-taking, which is why we try to make Amazon the best place in the world to fail.

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About Jeff Bezos

Jeffrey Preston Bezos (born January 12, 1964) is an American technology and retail entrepreneur, investor, electrical engineer, computer scientist, and philanthropist, best known as the founder, chairman, and chief executive officer of Amazon.com, the world's largest online shopping retailer. The company began as an Internet merchant of books and expanded to a wide variety of products and services, most recently video and audio streaming. Amazon.com is currently the world's largest Internet sales company on the World Wide Web, as well as the world's largest provider of cloud infrastructure services, which is available through its Amazon Web Services arm. In 2013, Bezos purchased The Washington Post newspaper.

Also Known As

Birth Name: Jeffrey Preston Jorgensen
Alternative Names: Jeffrey Preston Bezos Jeffrey Bezos Jeffrey Jorgensen Jeff Jorgensen
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Additional quotes by Jeff Bezos

When it comes to space, I see it as my job to build infrastructure the hard way — I'm using my resources to put in place heavy-lifting infrastructure so the next generation of people can have a dynamic, entrepreneurial explosion into space. … I want thousands of entrepreneurs doing amazing things in space, and to do that we need to dramatically lower the cost of access to space.

If everything you do needs to work on a three-year horizon, you’re competing against a lot of people.

But if you’re willing to invest on a seven-year horizon, you’re now competing against a fraction of those people, because few companies are willing to do that.

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In 1999, Barron’s headlined a story about our impending demise “Amazon.bomb.” My annual letter for 2000 started with a one-word sentence: “Ouch.” Our stock price peaked at $116, and then after the bubble burst our stock went down to $6

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