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FoundersMay 17, 2021

#180 Jeff Bezos (Invention of a Global Empire)

About This Episode
What I learned from reading Amazon Unbound: Jeff Bezos and the Invention of a Global Empire by Brad Stone. ---- Get access to the World’s Most Valuable Notebook for Founders by investing in a subscription to Founders Notes ---- [1:47] Every interesting thing I've ever done, every important thing I've ever done, every beneficial thing I've ever done, has been through a cascade of experiments and mistakes and failures. I'm covered in scar tissues as a result of this. [6:19] I absolutely know it's hard, but we'll learn how to do it. [8:30] Thinking small is a self fulfilling prophecy. [12:13] Begin any conversation about a new product in terms of the benefit it creates for customers. [19:08] Bezos deployed his playbook for experiments that produced promising sparks: he poured gasoline on them. [22:41] You can regulate yourself quite easily or think about what you're going to do with your existing resources. Sometimes, you don't know what the boundaries are. Jeff just wanted us to be unbounded. [25:48] If I have to choose between agreement and conflict, I'll take conflict every time. It always yields a better result. [27:19] Don't come to me with a plan that assumes I will only make a certain level of investment. Tell me how to win. [35:50] He preached the wholesale embrace of technology, rapid experimentation, and optimism about the opportunities of the internet instead of despair. [45:17] Bezos’ one constant edict: Go faster. ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast
Book Mentions
9 book mentions in this episode.
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Books Mentioned

Amazon Unbound cover
Amazon Unbound
Brad Stone

The book discusses Jeff Bezos and the invention of a global empire, serving as a sequel to The Everything Store.

ASIN: B08V9DZZHG
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The Innovator's Dilemma cover
The Innovator's Dilemma
Clayton Christensen

Jeff Bezos led discussions on this book with his executive team to ensure a shared base of knowledge.

ASIN: B0CY78H4Q1
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Working Backwards cover

The book discusses how good ideas can come from anywhere, including customer feedback, which is integral to product improvement at Amazon.

ASIN: N/A
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Made in Japan cover

The book covers the story of Akio Morita, the founder of Sony, and his innovative approach to product criticism and improvement.

ASIN: N/A
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Top Grading cover
Top Grading
Bradford Smart

Bezos had absorbed the practice of stack ranking from this book called Top Grading, which was written by Bradford Smart, who had helped the legendary CEO Jack Welch set up hiring systems at General Electric.

ASIN: N/A
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The Great A&P and the Struggle for Small Business in America cover

There's a book written by this guy named Mark Levison that traces the rise and fall of the first American grocery chain of the 20th century.

ASIN: N/A
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The Everything Store cover

First, start with The Everything Store. If you haven't read it already, it's probably the most insightful book that I've ever read.

ASIN: B00FJFJOLC
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Invent and Wander cover

Then from there, I would read Invent and Wander because it's every single Bezos shareholder letter plus edited transcripts of some of his best talks.

ASIN: N/A
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Working Backward cover

Third book I would read is Working Backward because that's all about the ideas, the application of Bezos' ideas with inside Amazon.

ASIN: N/A
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