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Amazon CEO Jeff Bezos Invites People to Come, Gamble with him on Disruptive Ideas

Bezos’ advice for entrepreneurs: “We need big failures. If we’re going to be moving the needle, we need to have billion-dollar scale failures and if we’re not, then we’re not swinging hard enough”

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Jeff Bezos
Amazon CEO Jeff Bezos walks onstage in Seattle. Source-VOA

From using Artificial Intelligence (AI) to deliver packages faster to helping developers build capabilities based on Machine Learning (ML) to delight its customers, Amazon Founder and CEO Jeff Bezos has an advice for dreamers and builders: Come to me if you are willing to play the gamble with me on disruptive ideas.

The world’s richest man, in a free-wheeling firechat at Amazon “re: Mars” event here, said that he is very stubborn on big ideas.

“I’m flexible on the details but I don’t like to give up on things that that we’re working on. If you want to be an entrepreneur, the most important thing is to be customer obsessed, so don’t just satisfy your customers, figure out how to absolutely delight them,” Bezos told the gathering last week.

“The number one thing is passion — whosoever your customers are. You have got to have some passion for the arena that you’re going to develop and work in.

“Otherwise, you’re going to be competing against people who do have the passion for that. And they’re going to build better products and services,” maintained the Amazon CEO who has just finalised a deal to buy three apartments in New York’s prime Manhattan area for nearly $80 million.

The good news is, he added, that at Amazon, “we still take risk all the time”.

“We encourage it. We talk about failure. We should be failing”.

Amazon, drones
In this Sept. 13, 2018, file photo Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washington’s Milestone Celebration in Washington. VOA

For startups, he said that one should encourage their team-mates to take risks and be customer obsessed.

“All those things work just as well inside of the company as they do inside of the startup,” Bezos stressed, saying he pays great attention to people.

“I observe people who are right a lot and have detected some patterns. People who are right a lot, they listen a lot. They also change their mind a lot which is very interesting.”

When asked how he sees the future 10 years from now, Bezos said the humanity is going to see amazing developments in in biotechnology.

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“I think that’s been an incredible field. And we’ll see dramatic progress there will continue to see lots of progress in ML and AI.

“In the e-commerce field, 10 years from now, people are going to want low prices and fast shipping,” he added.

Bezos’ advice for entrepreneurs: “We need big failures. If we’re going to be moving the needle, we need to have billion-dollar scale failures and if we’re not, then we’re not swinging hard enough”. (IANS)

Next Story

Jeff Bezos Now Plans to Own National Football League Team

There are not any teams currently on the market, though the Seattle Seahawks will be sold at some point following the death of Paul Allen last year

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Jeff Bezos, National, Football
Bezos, the richest person on Earth with a worth of $110 billion, who already owns the Washington Post, recently watched the last Super Bowl from NFL commissioner Roger Goodell's suite. Wikimedia Commons

Amazon founder and CEO Jeff Bezos is reportedly planning to own a National Football League (NFL) team and is currently in talks with several current owners.

According to CBS Sports, Bezos “has spent considerable time around owners, including Washington Redskins’s Dan Snyder, and is in the process of moving to Washington”.

Bezos, the richest person on Earth with a worth of $110 billion, who already owns the Washington Post, recently watched the last Super Bowl from NFL commissioner Roger Goodell’s suite.

“There are not any teams currently on the market, though the Seattle Seahawks will be sold at some point following the death of Paul Allen last year,” the report said on Sunday.

Jeff Bezos, National, Football
According to CBS Sports, Bezos “has spent considerable time around owners, including Washington Redskins’s Dan Snyder, and is in the process of moving to Washington”. Wikimedia Commons

Snyder has been trying to get a state-of-the-art stadium built in Washington, DC, and Bezos can help him build one.

“Bezos moved The Washington Post to a new location after purchasing the paper, is setting up an Amazon hub in the area and some believe could aid Snyder’s pursuit of a new stadium, perhaps even with an Amazon sponsorship,” the report elaborated.

Amazon has a partnership with the NFL to stream Thursday Night Football and he may buy an NFL team from a business perspective.

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NFL is a professional American football league consisting of 32 teams, divided equally between the National Football Conference and the American Football Conference. (IANS)