Jeff Bezos on Amazon Business Strategy - How They Succeed and Thrive in Everything
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Ray Finance on Instagram: "Jeff Bezos explains the 2 growth tactics every startup needs to scale 🚀 In 1994, Amazon sold only books. Bezos’ mantra? Be narrow, stay focused. Nothing but books. But as Amazon grew, Bezos relied on two reliable tactics to expand: 1️⃣ Feed Customer Need → Amazon built the Kindle when their customers told them they wanted ebooks. Amazon weren’t a tech company, they had no hardware or team, so they built one. Because the customer told them that’s what they wanted it. 2
Ray Finance on Instagram: "Jeff Bezos explains the 2 growth tactic…
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Instagramrayfinanceusa
Jeff Bezos reveals what it's like to build an empire — and why he's willing to spend $1 billion a year to fund the most important mission of his life
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Apr 28, 2018
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How Jeff Bezos built Amazon
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Jeff Bezos recalls that the riskiest moment for Amazon was in its early days when he needed to raise a million dollars. He ended up giving away 20% of the company in exchange for that investment, which turned out to be a great deal for those investors. However, they took a risk, and Bezos believes they deserved their returns. To secure the funding, Bezos had to take 60 meetings, raising the money from 22 people, each contributing about $50,000. At the time, in 1995, most investors' first questio
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