Jeff Bezos Shares His Best Advice for Anyone Starting a Business

The Amazon founder and CEO has four key pieces of advice for budding entrepreneurs. June 7, 2019 2 min read This story originally appeared on Business Insider Jeff Bezos has a message for budding entrepreneurs: be ready to take big risks and fail. Bezos delivered that message at Amazon’s re:Mars conference on Thursday in Las Vegas, after he was asked what advice he would give to anyone looking to start their own business. “Take risk. You have to be willing to take risk. If you have a business idea with no risk, it’s probably already being done,” he said, according to an Amazon transcript. “You’ve got to have something that might not work. It will be, in many ways, an experiment.” Many of those experiments will fail, but “big failures” are a necessary part of the journey toward success, he said. “We take risks all the time, we talk about […]

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15 Companies That Jeff Bezos Has Invested in

See where Amazon founder Jeff Bezos has invested his money. May 14, 2019 7 min read This story originally appeared on GOBankingRates This story originally published on Dec. 11, 2018. Have you ever wondered what you would do if you were the richest person alive? Some of us couldn’t even dream of what to do with just $1 billion. However, we can take a look at what the actual richest man alive does with his money. Related: Mark Cuban Says the Best Investment Is Paying Off Your Debt — Is He Right? As of May 2019, Amazon founder Jeff Bezos — currently the world’s richest man — had a net worth of $151.8 billion, according to Forbes. Bezos has made a wide variety of investments through Amazon; Bezos Expeditions, his venture capital firm; Nash Holdings LLC, a private company he owns; the Bezos Family Foundation; and his own personal fortune. The man is so rich, his net […]

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Read Jeff Bezos’s 2018 Letter to Amazon Shareholders

‘A builder’s mentality helps us approach big, hard-to-solve opportunities with a humble conviction that success can come through iteration.’ April 11, 2019 15 min read Opinions expressed by Entrepreneur contributors are their own. To our shareowners: Something strange and remarkable has happened over the last 20 years. Take a look at these numbers: 1999                3%2000                3%2001                6%2002              17%2003              22%2004              25%2005              28%2006              28%2007              29%2008              30%2009              31%2010              34%2011              38%2012              42%2013              46%2014              49%2015              51%2016              54%2017              56%2018              58% The percentages represent the share of physical gross merchandise sales sold on Amazon by independent third-party sellers — mostly small- and medium-sized businesses — as opposed to Amazon retail’s own first party sales. Third-party sales have grown from 3% of the total to 58%. To put it bluntly: Third-party sellers are kicking our first party butt. Badly. And it’s a high bar too because our first-party business has grown dramatically over that period, from $1.6 billion in 1999 to $117 billion this past year. The compound annual growth rate for our first-party […]

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Jeff Bezos Remains the Wealthiest Man and Mackenzie Bezos Becomes the Third Wealthiest Woman in the World After Finalizing Divorce

The pair took to Twitter to make the announcement. April 4, 2019 2 min read Per two coordinated tweets, world’s richest man Jeff Bezos and MacKenzie Bezos announced today that they have officially finalized their divorce. pic.twitter.com/oFGWPkK3dB — Jeff Bezos (@JeffBezos) April 4, 2019 pic.twitter.com/OJWn3OOLS6 — MacKenzie Bezos (@mackenziebezos) April 4, 2019 The missives — each sent out at 1:10 on April 4, and the first tweet from MacKenzie’s account — both emphasize their gratitude. Related: Amazon CEO Jeff Bezos Accuses ‘National Enquirer’ Publisher of ‘Extortion’ Over Naked Photos in Extraordinary Blog Post MacKenzie noted, “happy to be giving him all of my interests in the Washington Post and Blue Origin, and 75 percent of our Amazon stock plus voting control of my shares to support his continued contributions with the teams of these incredible companies. Excited about my own plans.” Jeff Bezos, for his part, did not share a similar […]

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A Jeff Bezos Letter From 1997 About ‘Reversible Decisions’ Sheds Some Light on the Shock Amazon HQ2 U-Turn

Bezos said that big companies have a tendency to think all big decisions are irreversible. February 15, 2019 3 min read This story originally appeared on Business Insider This week Amazon made the shock announcement that it was abandoning its plan to move half of its new HQ2 campus to Queens, Long Island City in New York. The decision came after hefty political opposition to the plans from politicians such as Rep. Alexandria Ocasio-Cortez and Sen. Michael Gianaris, who represents Long Island City. The political opponents of New York’s HQ2 celebrated the news, and Sen. Bernie Sanders congratulated the city on “standing up” to Amazon. However, other politicians viewed the decision as a major loss, including New York governor Andrew Cuomo. Some have described Amazon’s sudden change of heart as the multi-billion dollar company throwing its toys out of the pram. Sen. Elizabeth Warren tweeted that Amazon had walked away, “all because some […]

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The Formula Jeff Bezos Uses to Identify Great Ideas

The Amazon founder revealed his thought process in a recent interview. September 6, 2018 2 min read Jeff Bezos is currently the richest person on earth. And just this week, Amazon was valued at $1 trillion. It’s clear Bezos didn’t get to this point in his career without having a certain skill for identifying and cultivating ideas that change the game. In a recent interview with Forbes, Bezos laid out the thought process he goes through when deciding when to move forward with a new initiative. Related: A $150 Billion Net Worth Makes Jeff Bezos the Richest Person on Earth and 27 Other Crazy Things We’ve Learned About the Amazon Founder “We have to have a differentiated idea. It can’t be a ‘me too’ offering,” he explained. “We’re gifted with some very large businesses we’ve built over time, and we can’t afford to put our energies into something that if it […]

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22 Weird Things We’ve Learned About Jeff Bezos

The Amazon founder has come a long way. April 19, 2018 8 min read In 1994, the then 30-year-old Jeff Bezos left behind a six-figure gig on Wall Street as the youngest ever senior vice president at investment banking firm D.E. Shaw & Co. to start Amazon in Seattle. Now, he’s perennially in competition to be the richest man in the world and briefly outpaced Bill Gates to hold the top spot of that list at the end of the July 2017, thanks to a boost in Amazon stock. Related: 5 Fun Facts About Jeff Bezos’s New D.C. Home The Amazon co-founder and CEO is also a fan of outer space and started Blue Origin to explore it. Bezos isn’t afraid to try new things, like when he bought The Washington Post back in 2013. To get more insights into the man, read on for 22 weird facts about Jeff Bezos. Related: Jeff […]

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We Present to You the Next Jeff Bezos Meme

The billionaire founder of Amazon has already become a meme. Him photographed walking a robotic dog may turn into the next one. March 20, 2018 1 min read Jeff Bezos seems to be enjoying the spotlight more and more. The founder and CEO of Amazon recently starred in his company’s Super Bowl ad, posted video of himself atop a windmill and piloted a giant mech suit. Related: Jeff Bezos: 9 Remarkable Choices That Shaped the Richest Man in the World Following up that last moment, which took place at the invite-only MARS conference last year, the world’s sometimes richest man has posted another iconic photo of himself. Behold: Taking my new dog for a walk at the #MARS2018 conference. #BostonDynamics pic.twitter.com/vE6CXrvV3o — Jeff Bezos (@JeffBezos) March 19, 2018 Bezos already become a meme after a photo of him wearing a similar outfit went viral. Adding a robot dog to the mix is sure to […]

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