Latest News

  • Home
  • Global
  • ‘Come, gamble with me on big ideas’, says Amazon founder Jeff Bezos
‘Come, gamble with me on big ideas’, says Amazon founder Jeff Bezos
10 June 2019 IST
‘Come, gamble with me on big ideas’, says Amazon founder Jeff Bezos

Jeff 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”.

 
 

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”.
 
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.
 
“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”.

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
'Worse than prison': A rare look inside China's detention camps to 'brainwash' Muslims

ALMATY: Hour upon hour, day upon day, Omir Bekali and other detainees in far western China's new indoctrination camps had to disavow the...

Recently posted . 181K views . 1 min read
 

 Article
What The Shape Of Your Belly Button Says About Your Health

If you have payed attention to the belly buttons of people on the beach or the members of your family, you have probably noticed that they have different shapes and...

Recently posted . 7K views . 2 min read
 

 Article
Top 10 Best Gym Equipment Brands in India 2018

Body fitness is one thing that everyone wants to maintain irrespective of age. Going to the gym and doing some great exercise always helps to maintain your body fit...

Recently posted . 3K views . 2 min read
 

 Article
Top 10 Horrifying Acts of Chemical Warfare and Gas Attacks

In this age of terror, there might be nothing more terrifying than the thought of an attack carried out with chemical weapons. We’ve all heard the horrific ...

Recently posted . 3K views . 4 min read
 

 
 

More in Global

 Article
SOLAR CRYPTOCURRENCY MINING IS ADVANTAGEOUS

“The combination of solar and cryptocurrency mining facilities represents a meaningful change in the Crypto Mining Sector”  ...

Recently posted. 1K views . 1 min read
 

 Article
5 Bad Things That Happen To A Business During Long Duration Outages

Business can’t operate without power. This is useful in various processes including manufacturing, accounting, customer service, and order processing. Without...

Recently posted. 462 views . 3 min read
 

 Article
Things Meghan Markle Can't Do After Marrying Prince Harry

Did you know? Meghan Markle can't flaunt her bare legs anymore after her wedding.

Recently posted. 528 views . 0 min read
 

 Video
Why planes can't fly to space



Recently posted . 640 views
 

 Video
Las Vegas Magic Club



Recently posted . 950 views
 

 Photo
Top Honeymoon Destinations in India



Recently posted . 1K views
 

 Reviews
Leaseweb hosting review



Recently posted . 999 views . 67 min read
 

 Reviews
The Best 5 Camping Tents in India 2018 – Reviews & Buying Guide



Recently posted . 967 views . 99 min read
 

 Article
Trade vs Terror

A relationship based on connectivity and free trade is the only recipe that will work in a world tired of Indo-Pakistan conflict.  

Recently posted. 693 views . 1 min read
 

 Article
National Geographic’s ‘Afghan Girl’ hospitalised in Pakistan

Pakistan's foreign ministry says an Afghan lady who picked up fame in 1984 after a photo of her as a displaced person young lady was distributed on the front of...

Recently posted. 559 views . 6 min read
 

 
 
 

   Prashnavali

  Thought of the Day

I am not afraid. I was born to do this.
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top