In the interview we cover bootstrapping, getting customers, finding product market fit, what role a CEO should fill, and how a companies should get customers and be grown right in the SaaS and tech space.
In 1994, Jeff Bezos co-founded the future e-commerce behemoth Amazon in a Seattle garage. Previously employed by a Wall Street hedge fund, he quit his job to try his hand at building an online business before most people even know what the internet was.
In an interview with Time, the Amazon CEO revealed he gave himself a 30 percent chance that Amazon would succeed. "That's actually a very liberating expectation, expecting to fail," Bezos said.
Now the richest person on any continent, Bezos is the first person to obtain a net worth surpassing $150 billion in the 30 years Forbes has been tracking the richest Americans. His fortune is estimated at $157.1 billion as of August 14, 2018. Amazon's market capitalization is nearing the $1 trillion mark -- $933 billion -- as of August 14, 2018. So, Bezos is clearly doing something very right, but he's made plenty of mistakes along the way.
More than money or fame or any other kind of recognition is the fact that a book is permanent. A successful book becomes a part of the world’s library — a milestone in history that the human race carries with it forward to territories unknown.
I’m invested in about 28 private companies. I’ve advised probably another 50 private companies. I’m on the board of several private companies and one public company. The companies ranging from $0 in revenues to a billion in revenues.
In 2019 I read over 120 books. While I did learn a lot, I did not get anywhere near the amount of wisdom I should of from the 500+ hours of reading I did. I have grown and learned MUCH more in 2020 by ignoring books and doing these things instead.