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Jeff Bezos: “Thinking small is a self-fulfilling prophecy” Bezos is asked where he gets the confidence to even attempt to build companies of such massive scale, like Amazon and Blue Origin. He responds: “I think it’s generally human nature to overestimate risk and underestimate opportunity. And so I think...

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Jeff Bezos: Thinking small is a self-fulfilling prophecy. It’s generally human nature to overestimate risk and underestimate opportunity. And so, I think entrepreneurs in general would be well advised to try and bias against that piece of human nature. The risks are probably not as big as you perceive, and the opportunities may be bigger than you perceive.
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Jeff Bezos: Thinking small is a self-fulfilling prophecy. It’s generally human nature to overestimate risk and underestimate opportunity. And so, I think entrepreneurs in general would be well advised to try and bias against that piece of human nature. The risks are probably not as big as you perceive, and the opportunities may be bigger than you perceive.

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As a coach, I can’t force you to be confident, and I can’t make you confident. I can show you the ways to be confident and help you lead to the place where confidence is gained, but the work that leads to confidence is on you.
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As a coach, I can’t force you to be confident, and I can’t make you confident. I can show you the ways to be confident and help you lead to the place where confidence is gained, but the work that leads to confidence is on you.

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🚨 JUST IN: Matt Walsh says he wants the Right to work together and "DESTROY" leftist, anti-West ideology "If you're pushing that, then you're my ENEMY. You are my enemy, and I want to DESTROY your ideology. I want to destroy everything you stand for. That's what I want to do." 🔥 "But if you're against them, and that is to say you stand for American identity and for the sanctity of human life and the family and objective truth and reality, the church, faith - if you're on that side, then I consider you to be basically an ally, and we could disagree vehemently on a lot of other issues." "The divide, I think, ideologically in this country is so vast and so deep and so unbridgeable that we may as well be living in different universes. We may as well be aliens from different galaxies trying to live on a planet together, and it's just not working out. That's what it feels like." "For me, that's where the fight is. That's where I want the fight to remain." - Matt Walsh
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🚨 JUST IN: Matt Walsh says he wants the Right to work together and "DESTROY" leftist, anti-West ideology "If you're pushing that, then you're my ENEMY. You are my enemy, and I want to DESTROY your ideology. I want to destroy everything you stand for. That's what I want to do." 🔥 "But if you're against them, and that is to say you stand for American identity and for the sanctity of human life and the family and objective truth and reality, the church, faith - if you're on that side, then I consider you to be basically an ally, and we could disagree vehemently on a lot of other issues." "The divide, I think, ideologically in this country is so vast and so deep and so unbridgeable that we may as well be living in different universes. We may as well be aliens from different galaxies trying to live on a planet together, and it's just not working out. That's what it feels like." "For me, that's where the fight is. That's where I want the fight to remain." - Matt Walsh

Eric Daugherty

129,223 Aufrufe • vor 7 Monaten

McAvoy on if he feels any hesitation to make a big hit: "How often do I need to do that is probably the question. Can you still impose a threat just being who you are, just closing on guys? That's probably something that I'm trying to look at versus trying to make a big hit multiple times in 82 games. I think I play too many minutes and try and to do too much to maybe do that as often as you'd like to. So, I think maybe playing smarter is something I'll be trying to do this year."
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McAvoy on if he feels any hesitation to make a big hit: "How often do I need to do that is probably the question. Can you still impose a threat just being who you are, just closing on guys? That's probably something that I'm trying to look at versus trying to make a big hit multiple times in 82 games. I think I play too many minutes and try and to do too much to maybe do that as often as you'd like to. So, I think maybe playing smarter is something I'll be trying to do this year."

Bridgette Proulx

29,768 Aufrufe • vor 9 Monaten

Elon Musk: I'm not completely libertarian. I just think it should be harder to establish a rule than to remove it. “I'm not completely libertarian in the sense I don't think there should be regulations at all. I just think that the natural bias of regulations is to last forever. You have to actively delete a regulation or a law, the way things are set up in most laws. Some laws have sunset provisions. And the problem with that is you get vested interests who like that law, and there's an inertia around it. And so over time, the body of law and regulations grows and grows and grows. It is something that I think is not ultimately good for society. So, in fact, I think it would generally be a good idea to have it such that it's hard to establish a rule and easy to remove one.” Montana Job Summit, September 16, 2013
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Elon Musk: I'm not completely libertarian. I just think it should be harder to establish a rule than to remove it. “I'm not completely libertarian in the sense I don't think there should be regulations at all. I just think that the natural bias of regulations is to last forever. You have to actively delete a regulation or a law, the way things are set up in most laws. Some laws have sunset provisions. And the problem with that is you get vested interests who like that law, and there's an inertia around it. And so over time, the body of law and regulations grows and grows and grows. It is something that I think is not ultimately good for society. So, in fact, I think it would generally be a good idea to have it such that it's hard to establish a rule and easy to remove one.” Montana Job Summit, September 16, 2013

ELON CLIPS

51,729 Aufrufe • vor 1 Jahr

Elon Musk: It should be harder to establish a rule than to remove it. “I'm not completely libertarian in the sense I don't think there should be regulations at all. I just think that the natural bias of regulations is to last forever. You have to actively delete a regulation or a law, the way things are set up in most laws. Some laws have sunset provisions. And the problem with that is you get vested interests who like that law, and there's an inertia around it. And so over time, the body of law and regulations grows and grows and grows. It is something that I think is not ultimately good for society. So, in fact, I think it would generally be a good idea to have it such that it's hard to establish a rule and easy to remove one.” Montana Job Summit, September 16, 2013
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Elon Musk: It should be harder to establish a rule than to remove it. “I'm not completely libertarian in the sense I don't think there should be regulations at all. I just think that the natural bias of regulations is to last forever. You have to actively delete a regulation or a law, the way things are set up in most laws. Some laws have sunset provisions. And the problem with that is you get vested interests who like that law, and there's an inertia around it. And so over time, the body of law and regulations grows and grows and grows. It is something that I think is not ultimately good for society. So, in fact, I think it would generally be a good idea to have it such that it's hard to establish a rule and easy to remove one.” Montana Job Summit, September 16, 2013

ELON CLIPS

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Elon Musk about the meaning of life and the trap of wishful thinking : “When I was a kid, I was wondering what's the meaning of life? Like, why are we here? What's it all about? And I came to the conclusion that what really matters is trying to understand the right questions to ask. And the more that we can increase the scope and scale of human consciousness, the better we are able to ask these questions. And so I think that there are certain things that are necessary to ensure that the future is good. One of the biggest mistakes people generally make, and I'm guilty of it too, is wishful thinking. You know, like, you want something to be true even if it isn't true. And so you ignore the things that you ignore the real truth because of what you want to be true. This is a very difficult trap to avoid.”
0:55

Elon Musk about the meaning of life and the trap of wishful thinking : “When I was a kid, I was wondering what's the meaning of life? Like, why are we here? What's it all about? And I came to the conclusion that what really matters is trying to understand the right questions to ask. And the more that we can increase the scope and scale of human consciousness, the better we are able to ask these questions. And so I think that there are certain things that are necessary to ensure that the future is good. One of the biggest mistakes people generally make, and I'm guilty of it too, is wishful thinking. You know, like, you want something to be true even if it isn't true. And so you ignore the things that you ignore the real truth because of what you want to be true. This is a very difficult trap to avoid.”

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.Second Lady Usha Vance responds to a student's question about how to be the best Second Lady: "I think they key thing, for anyone who is in this kind of role, is to try to just continue to be yourself. You have to do the best job that you can. And there are some responsibilities that come with it...you don't always choose what you are doing...But the most important thing is to remember the kind of person that you were before it, and the kind of person you want to be. If you can do that all the way through, then you can have a lot of fun — and maybe be helpful. You don't want to just start thinking of yourself as the Second Lady, because then you're probably not that fun a person anymore."
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.Second Lady Usha Vance responds to a student's question about how to be the best Second Lady: "I think they key thing, for anyone who is in this kind of role, is to try to just continue to be yourself. You have to do the best job that you can. And there are some responsibilities that come with it...you don't always choose what you are doing...But the most important thing is to remember the kind of person that you were before it, and the kind of person you want to be. If you can do that all the way through, then you can have a lot of fun — and maybe be helpful. You don't want to just start thinking of yourself as the Second Lady, because then you're probably not that fun a person anymore."

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Connor Storrie on if his younger self would believe he is hosting SNL and his present self feelings about it: "Well, I think at that time I wanted to be a cast member on SNL, not necessarily hosting. So, yeah, I think he would just kind of probably explode and cease to exist. I feel good. The blizzard that we had at the beginning of the week kind of forced me to chill out for two days and, you know, really ground myself. I'm just excited. And I think everyone here is so funny. And, you know, I'm just I still can't believe it's happening."
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Connor Storrie on if his younger self would believe he is hosting SNL and his present self feelings about it: "Well, I think at that time I wanted to be a cast member on SNL, not necessarily hosting. So, yeah, I think he would just kind of probably explode and cease to exist. I feel good. The blizzard that we had at the beginning of the week kind of forced me to chill out for two days and, you know, really ground myself. I'm just excited. And I think everyone here is so funny. And, you know, I'm just I still can't believe it's happening."

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136,082 Aufrufe • vor 4 Monaten

The reality is that AI is so revolutionary and so disruptive that it’s very hard to say for sure whether superscalers are currently priced accurately in the markets. But what will be even more impactful and is not adequately priced in is the effect AI is going to have on applications of it on company earnings, efficiencies, and the like. I’m often asked whether these future productivity improvements will convert to the profits and incomes needed to service the debt well. I’ve done the calculations, measuring it against other productivity miracles, and I think it’s very unlikely — though of course, I could be wrong. As an investor, if you think that will happen, I suggest that you skew your portfolio accordingly. Master Investor Wilfred Frost
2:53

The reality is that AI is so revolutionary and so disruptive that it’s very hard to say for sure whether superscalers are currently priced accurately in the markets. But what will be even more impactful and is not adequately priced in is the effect AI is going to have on applications of it on company earnings, efficiencies, and the like. I’m often asked whether these future productivity improvements will convert to the profits and incomes needed to service the debt well. I’ve done the calculations, measuring it against other productivity miracles, and I think it’s very unlikely — though of course, I could be wrong. As an investor, if you think that will happen, I suggest that you skew your portfolio accordingly. Master Investor Wilfred Frost

Ray Dalio

138,334 Aufrufe • vor 9 Monaten

Marc Andreessen explains why he prioritizes satisfaction over happiness “I don’t believe in balance. I think people are wired differently so it’s hard to generalize this kind of thing. But I am much happier and more satisfied when I’m fully committed to something. So I’m very much in favor of imbalance.” Marc continues: “I don’t think happiness is the thing to strive for. I think satisfaction is the thing… Satisfaction is a deeper thing which is like having found a purpose and fulfilling it. Being useful. That I’m fully delivering on the gifts that I’ve been given, that I’m net making the world better, that I’m contributing to the people around me, and that I can look back and say: ‘Wow. That was hard, but it was worth it.’ I think that generally seems to lead people to a better state than pursuit of pleasure and happiness.” And on the relationship of money and satisfaction: “I think Elon would be a great example of this. He’s a guy who from the day he started making money at all just plows it into the next thing. I think money is definitely an enabler for satisfaction. Let’s put it this way: money applied to happiness leads people down very dark paths. Very destructive avenues. Money applied to satisfaction, I think is a real tool.” Video source: Lex Fridman (2023)
1:12

Marc Andreessen explains why he prioritizes satisfaction over happiness “I don’t believe in balance. I think people are wired differently so it’s hard to generalize this kind of thing. But I am much happier and more satisfied when I’m fully committed to something. So I’m very much in favor of imbalance.” Marc continues: “I don’t think happiness is the thing to strive for. I think satisfaction is the thing… Satisfaction is a deeper thing which is like having found a purpose and fulfilling it. Being useful. That I’m fully delivering on the gifts that I’ve been given, that I’m net making the world better, that I’m contributing to the people around me, and that I can look back and say: ‘Wow. That was hard, but it was worth it.’ I think that generally seems to lead people to a better state than pursuit of pleasure and happiness.” And on the relationship of money and satisfaction: “I think Elon would be a great example of this. He’s a guy who from the day he started making money at all just plows it into the next thing. I think money is definitely an enabler for satisfaction. Let’s put it this way: money applied to happiness leads people down very dark paths. Very destructive avenues. Money applied to satisfaction, I think is a real tool.” Video source: Lex Fridman (2023)

Startup Archive

19,570 Aufrufe • vor 10 Monaten

Marc Andreessen explains why he prioritizes satisfaction over happiness “I don’t believe in balance. I think people are wired differently so it’s hard to generalize this kind of thing. But I am much happier and more satisfied when I’m fully committed to something. So I’m very much in favor of imbalance.” Marc continues: “I don’t think happiness is the thing to strive for. I think satisfaction is the thing… Satisfaction is a deeper thing which is like having found a purpose and fulfilling it. Being useful. That I’m fully delivering on the gifts that I’ve been given, that I’m net making the world better, that I’m contributing to the people around me, and that I can look back and say: ‘Wow. That was hard, but it was worth it.’ I think that generally seems to lead people to a better state than pursuit of pleasure and happiness.” And on the relationship of money and satisfaction: “I think Elon would be a great example of this. He’s a guy who from the day he started making money at all just plows it into the next thing. I think money is definitely an enabler for satisfaction. Let’s put it this way: money applied to happiness leads people down very dark paths. Very destructive avenues. Money applied to satisfaction, I think is a real tool.” Video source: Lex Fridman (2023)
1:12

Marc Andreessen explains why he prioritizes satisfaction over happiness “I don’t believe in balance. I think people are wired differently so it’s hard to generalize this kind of thing. But I am much happier and more satisfied when I’m fully committed to something. So I’m very much in favor of imbalance.” Marc continues: “I don’t think happiness is the thing to strive for. I think satisfaction is the thing… Satisfaction is a deeper thing which is like having found a purpose and fulfilling it. Being useful. That I’m fully delivering on the gifts that I’ve been given, that I’m net making the world better, that I’m contributing to the people around me, and that I can look back and say: ‘Wow. That was hard, but it was worth it.’ I think that generally seems to lead people to a better state than pursuit of pleasure and happiness.” And on the relationship of money and satisfaction: “I think Elon would be a great example of this. He’s a guy who from the day he started making money at all just plows it into the next thing. I think money is definitely an enabler for satisfaction. Let’s put it this way: money applied to happiness leads people down very dark paths. Very destructive avenues. Money applied to satisfaction, I think is a real tool.” Video source: Lex Fridman (2023)

Startup Archive

109,693 Aufrufe • vor 1 Jahr

Two years ago today, Elon Musk introduced xAI with these words: “The overarching goal of xAI is to build a good AGI with the purpose of trying to understand the universe. I think the safest AI, the safest way to build an AI is actually make one that is maximally curious and truth seeking. So you go for try to aspire to the truth with acknowledged error. Does one ever actually get fully to the truth? It's not clear, but one should always aspire to that and try to minimize the error between what you think is true and what is actually true. My theory behind the maximally curious, maximally truthful as being probably the safest approach is that I think to a superintelligence, humanity is much more interesting than not humanity. One can look at the various planets in our solar system, the moons and the asteroids, and really probably all of them combined are not as interesting as humanity. As people know, I'm a huge fan of Mars, but Mars is just much less interesting than Earth with humans on it. And so I think that that kind of approach to growing an AI, and I think that is the right word for it, growing an AI is to grow it with that ambition. I've spent many years thinking about AI safety and worrying about AI safety. And I've been one of the strongest voices calling for AI regulation or oversight just to have some kind of oversight, some kind of referee, so that it's not just up to companies to decide what they want to do. I think there's also a lot to be done with AI safety, with industry cooperation. I kind of like Motion Pictures association, so I think there's value to that as well. But I do think there's got to be some like in any kind of situation that is, even if it's a game, they have referees. So I think it is important for there to be regulation. Like I said, my view on safety is like try to make it maximally curious, maximally truth seeking. And I think this is, this is important that you to avoid the inverse morality problem. Like if you try to program a certain morality, you can have the, you, you can basically invert it and get the opposite, what is sometimes called the Waluigi problem. If you make Luigi, you risk creating Waluigi at the same time. So I think that's a metaphor that a lot of people can appreciate.”
3:14

Two years ago today, Elon Musk introduced xAI with these words: “The overarching goal of xAI is to build a good AGI with the purpose of trying to understand the universe. I think the safest AI, the safest way to build an AI is actually make one that is maximally curious and truth seeking. So you go for try to aspire to the truth with acknowledged error. Does one ever actually get fully to the truth? It's not clear, but one should always aspire to that and try to minimize the error between what you think is true and what is actually true. My theory behind the maximally curious, maximally truthful as being probably the safest approach is that I think to a superintelligence, humanity is much more interesting than not humanity. One can look at the various planets in our solar system, the moons and the asteroids, and really probably all of them combined are not as interesting as humanity. As people know, I'm a huge fan of Mars, but Mars is just much less interesting than Earth with humans on it. And so I think that that kind of approach to growing an AI, and I think that is the right word for it, growing an AI is to grow it with that ambition. I've spent many years thinking about AI safety and worrying about AI safety. And I've been one of the strongest voices calling for AI regulation or oversight just to have some kind of oversight, some kind of referee, so that it's not just up to companies to decide what they want to do. I think there's also a lot to be done with AI safety, with industry cooperation. I kind of like Motion Pictures association, so I think there's value to that as well. But I do think there's got to be some like in any kind of situation that is, even if it's a game, they have referees. So I think it is important for there to be regulation. Like I said, my view on safety is like try to make it maximally curious, maximally truth seeking. And I think this is, this is important that you to avoid the inverse morality problem. Like if you try to program a certain morality, you can have the, you, you can basically invert it and get the opposite, what is sometimes called the Waluigi problem. If you make Luigi, you risk creating Waluigi at the same time. So I think that's a metaphor that a lot of people can appreciate.”

ELON CLIPS

21,519 Aufrufe • vor 1 Jahr

Jeff Bezos explains what it means to disagree and commit “Disagree and commit is a really important principle that saves a lot of arguing.” Jeff Bezos begins. “In society, and inside companies, we have a bunch of mechanisms we use to resolve disputes. And a lot of them are really bad. An example of a really bad way of coming to an agreement is compromise.” He continues: “The advantage of compromise as a resolution mechanism is that it’s low energy, but it doesn’t lead to truth… You shouldn’t allow compromise to be used when you can know the truth.” Another bad resolution mechanism is the more stubborn person winning: “You have two executives who disagree and they just have a war of attrition. And whichever one gets exhausted first, capitulates to the other one. Again you haven’t arrived at truth and it’s very demoralizing.” Jeff tells people on his team to never get to a point where you’re resolving something by who gets exhausted first: “Escalate that. I’ll help you make the decision.” When making decisions, you want to get as close to the truth as possible: “Exhausting the other person is not truth-seeking. And compromise is not truth-seeking.” But there are a lot of cases where no one knows the real truth and that’s where “disagree and commit” comes in: “Escalation is better than war of attrition. Escalate to your boss and say ‘we can’t agree on this. We like each other and respect each other, but we strongly disagree with each other and need you to make a decision so we can move forward.’ Decisiveness and moving forward on decisions as quickly as you responsibly can is how you increase velocity. Most of what slows things down is taking too long to make decisions.” Companies tend to organize hierarchically in which the more senior person ultimately makes the decision. But as Jeff explains, that wasn’t always the case—he would often be the one to disagree and commit: “I would often say: ‘You know what, I don’t think you’re right. But I’m going to gamble with you and you’re closer to the ground truth than I am. I’ve known you for 20 years—you have great judgement. I don’t know that I’m right either—all of these decisions are complicated. Let’s do it your way.’ But at least then you’ve made a decision, and I’m agreeing to commit to that decision. I’m not going to be second guessing it. I’m not going to be sniping at it. I’m not going to be saying ‘I told you so.’ I’m going to actively try to make sure it works. That’s a really important teammate behavior.” Video source: Lex Fridman (2023)
4:55

Jeff Bezos explains what it means to disagree and commit “Disagree and commit is a really important principle that saves a lot of arguing.” Jeff Bezos begins. “In society, and inside companies, we have a bunch of mechanisms we use to resolve disputes. And a lot of them are really bad. An example of a really bad way of coming to an agreement is compromise.” He continues: “The advantage of compromise as a resolution mechanism is that it’s low energy, but it doesn’t lead to truth… You shouldn’t allow compromise to be used when you can know the truth.” Another bad resolution mechanism is the more stubborn person winning: “You have two executives who disagree and they just have a war of attrition. And whichever one gets exhausted first, capitulates to the other one. Again you haven’t arrived at truth and it’s very demoralizing.” Jeff tells people on his team to never get to a point where you’re resolving something by who gets exhausted first: “Escalate that. I’ll help you make the decision.” When making decisions, you want to get as close to the truth as possible: “Exhausting the other person is not truth-seeking. And compromise is not truth-seeking.” But there are a lot of cases where no one knows the real truth and that’s where “disagree and commit” comes in: “Escalation is better than war of attrition. Escalate to your boss and say ‘we can’t agree on this. We like each other and respect each other, but we strongly disagree with each other and need you to make a decision so we can move forward.’ Decisiveness and moving forward on decisions as quickly as you responsibly can is how you increase velocity. Most of what slows things down is taking too long to make decisions.” Companies tend to organize hierarchically in which the more senior person ultimately makes the decision. But as Jeff explains, that wasn’t always the case—he would often be the one to disagree and commit: “I would often say: ‘You know what, I don’t think you’re right. But I’m going to gamble with you and you’re closer to the ground truth than I am. I’ve known you for 20 years—you have great judgement. I don’t know that I’m right either—all of these decisions are complicated. Let’s do it your way.’ But at least then you’ve made a decision, and I’m agreeing to commit to that decision. I’m not going to be second guessing it. I’m not going to be sniping at it. I’m not going to be saying ‘I told you so.’ I’m going to actively try to make sure it works. That’s a really important teammate behavior.” Video source: Lex Fridman (2023)

Startup Archive

69,872 Aufrufe • vor 9 Monaten

Terry Crews reveals why he no longer reacts when someone uses the N word “In my culture, if somebody called you nigger, you knock them out, no matter what, no questions asked, don’t even hesitate.” “Well the thing is, usually when you do that, you go to jail, you can’t prove somebody called you a nigger unless it’s recorded and it’s your word against, somebody’s laying on the ground, you just assaulted somebody.” “The jail is full of black men who were baited by a word and had to had to follow the rules.” “Here’s the thing that changed for me and this is where I Learned what I could control, there are no niggas, there’s no such thing you might as well call somebody a leprechaun.” “There’s no such thing as a nigger, and I said holy cow, I can get mad about someone calling me something I’m not.” “The thing I like to say is, Bill Gates, if you call him broke, he just look at you and go go in his helicopter and fly away, he wouldn’t even be threatened by that.” “But here’s the thing, if you really do think you’re a nigga, that’s when it affects you, that’s when you wanna fight and I said but I’m not a nigga and I realized that there was so much I could let wash off.”
1:14

Terry Crews reveals why he no longer reacts when someone uses the N word “In my culture, if somebody called you nigger, you knock them out, no matter what, no questions asked, don’t even hesitate.” “Well the thing is, usually when you do that, you go to jail, you can’t prove somebody called you a nigger unless it’s recorded and it’s your word against, somebody’s laying on the ground, you just assaulted somebody.” “The jail is full of black men who were baited by a word and had to had to follow the rules.” “Here’s the thing that changed for me and this is where I Learned what I could control, there are no niggas, there’s no such thing you might as well call somebody a leprechaun.” “There’s no such thing as a nigger, and I said holy cow, I can get mad about someone calling me something I’m not.” “The thing I like to say is, Bill Gates, if you call him broke, he just look at you and go go in his helicopter and fly away, he wouldn’t even be threatened by that.” “But here’s the thing, if you really do think you’re a nigga, that’s when it affects you, that’s when you wanna fight and I said but I’m not a nigga and I realized that there was so much I could let wash off.”

Third

1,999,589 Aufrufe • vor 14 Tagen

🐥 sometimes, you might get tired and sensitive and get angry and frustrated at yourself. i think it would be good to think that those moments are experiences that stick with you, and that going through them will gradually make you stronger and more mature. 🐥 and crying is not a bad thing. you have to cry to let it all out. having someone to listen to you is something to be thankful for. having me to comfort you is something to be thankful for as well. 🐥 i think we all have moments of loneliness, but it would be nice to think that we are together even in those moments of loneliness.
1:31

🐥 sometimes, you might get tired and sensitive and get angry and frustrated at yourself. i think it would be good to think that those moments are experiences that stick with you, and that going through them will gradually make you stronger and more mature. 🐥 and crying is not a bad thing. you have to cry to let it all out. having someone to listen to you is something to be thankful for. having me to comfort you is something to be thankful for as well. 🐥 i think we all have moments of loneliness, but it would be nice to think that we are together even in those moments of loneliness.

디어

52,905 Aufrufe • vor 1 Jahr

Jeff Bezos explains Amazon’s process for expanding into new products like Kindle and AWS “I would definitely advise a small startup company to be as narrow and as focused as is possible to be. If you look at the original Amazon business plan, there was no hint of anything other than books in it… I wanted to build an online bookstore, and that was it.” But the online bookstore worked better than they thought it would. So Amazon launched music, and that worked better than they thought. Then video, and that worked too. So Jeff sent an email to customers: “I picked about 1,000 customers and I said, besides the things we sell today - books, music, and video - what would you like to see us sell? And the list came back incredibly long-tailed… So it’s been kind of one foot in front of the other.” As Jeff explains, Amazon expands into new businesses in two ways: “One is from a customer need. We will work from a customer need to the skills that we need. And the other one is skills forward: from a skillset we have to a new set of customers.” Kindle is an example of a customer need - Amazon had no hardware team at the time, but to make sure they didn’t miss the transition to ebooks, they built one. Amazon Web Services (AWS) is an example of skills-forward: “We had probably more distributed computing expertise than anybody else in the world because of transactions. Transaction systems are so complicated and hard to build, and we had a service-oriented architecture of great complexity - probably before anybody else. Because we were doing that, we could see the future a little bit and decided to build AWS, which has turned into a huge business in its own right.” Jeff concludes: “Business is very situational. Rules of thumb are good, but they have to be applied to the right situation. Sometimes the old maxim that you should stick to the knitting is correct, but sometimes it’s wrong. And a senior leader’s job is to figure out: Which situation are you in?” Video source: Business Insider (2014)
2:25

Jeff Bezos explains Amazon’s process for expanding into new products like Kindle and AWS “I would definitely advise a small startup company to be as narrow and as focused as is possible to be. If you look at the original Amazon business plan, there was no hint of anything other than books in it… I wanted to build an online bookstore, and that was it.” But the online bookstore worked better than they thought it would. So Amazon launched music, and that worked better than they thought. Then video, and that worked too. So Jeff sent an email to customers: “I picked about 1,000 customers and I said, besides the things we sell today - books, music, and video - what would you like to see us sell? And the list came back incredibly long-tailed… So it’s been kind of one foot in front of the other.” As Jeff explains, Amazon expands into new businesses in two ways: “One is from a customer need. We will work from a customer need to the skills that we need. And the other one is skills forward: from a skillset we have to a new set of customers.” Kindle is an example of a customer need - Amazon had no hardware team at the time, but to make sure they didn’t miss the transition to ebooks, they built one. Amazon Web Services (AWS) is an example of skills-forward: “We had probably more distributed computing expertise than anybody else in the world because of transactions. Transaction systems are so complicated and hard to build, and we had a service-oriented architecture of great complexity - probably before anybody else. Because we were doing that, we could see the future a little bit and decided to build AWS, which has turned into a huge business in its own right.” Jeff concludes: “Business is very situational. Rules of thumb are good, but they have to be applied to the right situation. Sometimes the old maxim that you should stick to the knitting is correct, but sometimes it’s wrong. And a senior leader’s job is to figure out: Which situation are you in?” Video source: Business Insider (2014)

Startup Archive

63,593 Aufrufe • vor 9 Monaten

Joe Rogan says he called Theo Von to apologize for his comments last week where he voiced concern for Von’s mental health. Rogan admitted he did a huge “disservice” to Von and it came across as though he was “throwing his friend under the bus.” ROGAN: “Then it comes out, like Theo has to defend it and then I called him up and I said, dude, I’m so sorry.” “I didn’t even think of that, and that’s very selfish of me. I didn’t think that you would have to respond. I didn’t even think of it.” “Theo is one of my favorite people...the last thing I would ever want to do is hurt that guy and the last thing I would ever want to do is say something that would have people think about him in a negative way.” “Which I’m sure I did. This was one of the reasons that I wanted to make this video and I wanted to apologize.” “I felt like a huge disservice to my friend and also to people listening.”
1:49

Joe Rogan says he called Theo Von to apologize for his comments last week where he voiced concern for Von’s mental health. Rogan admitted he did a huge “disservice” to Von and it came across as though he was “throwing his friend under the bus.” ROGAN: “Then it comes out, like Theo has to defend it and then I called him up and I said, dude, I’m so sorry.” “I didn’t even think of that, and that’s very selfish of me. I didn’t think that you would have to respond. I didn’t even think of it.” “Theo is one of my favorite people...the last thing I would ever want to do is hurt that guy and the last thing I would ever want to do is say something that would have people think about him in a negative way.” “Which I’m sure I did. This was one of the reasons that I wanted to make this video and I wanted to apologize.” “I felt like a huge disservice to my friend and also to people listening.”

Overton

324,384 Aufrufe • vor 1 Monat