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Jeff Bezos was scared. In 1997, Barnes & Noble opened an online store. Amazon had 125 employees. B&N had 30,000. Amazon had $60 million in sales. B&N had $3 billion. Jeff Bezos: “It was so scary for us.” Obviously, he crushed them. How? He focused on this instead:
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@arvanaghi @JeffBezos Focus on the customer, not competitors

@arvanaghi @JeffBezos Let's eat some brick walls for breakfast 🧱

@arvanaghi @JeffBezos I mean id argue they mostly succeeded by undercutting their competitors and taking on a ton of risk and debt in doing so before they became profitable

@arvanaghi @JeffBezos Pay attention to competition but focus on what you can control which is how well you serve your clients, excellent wisdom here

@arvanaghi @JeffBezos Bezos is the 🐐

@arvanaghi @JeffBezos I and many others like the ritual of going to B&B or a cozy bookstore reading multiple first chapters and picking out a book Intead of soullessly clicking on item #63517 for a 3$ price difference and a busted front cover.

@arvanaghi @JeffBezos Why is Twitter now LinkedIn?

@arvanaghi @JeffBezos

@arvanaghi @JeffBezos He built an infrastructure that a lot of important people invested in without 20 years of returns for a reason. Amazon wasn’t going to fail. Too many important people counted on its success.
