Gurley quotes Bezos saying internal experiments get killed only when the last person with good judgment gives up.
“They ask him, when does a internal experiment get killed? And he said, when the last person with good judgment gives up.”
Gurley quotes Bezos saying he only asks if entrepreneurs will do this no matter what.
“when I meet an entrepreneur, there's only one thing I ask myself. Is this person gonna do this no matter what?”
Gurley quotes Bezos saying he only invests in founders with unstoppable determination to execute regardless of funding.
“He said, I wanna believe this person's gonna go do this, come hell or high water, whether I get involved or not, nothing's gonna stop him.”
Gurley quotes Bezos saying he only looks for determinism in founders who will succeed regardless of investment.
“He said, I wanna believe this person's gonna go do this, come hell or high water, whether I get involved or not, nothing's gonna stop him. And that's the trade he's looking for.”
Gurley describes how Bezos developed his 80-year-old self framework while David Shaw tried to retain him.
“David Shaw was trying he worked at DE Shaw. David Shaw was trying to get him to not go, and he came up with this idea which is”
Gurley says Bezos looks for unbridled determinism in founders who will execute regardless of investor involvement.
“I only look for one thing, which is that this person's going to go do this thing.”
Gurley quotes Bezos saying he only invests when founders will pursue their vision regardless of funding.
“I only look for one thing. I want to know that this person's gonna go do this thing come hell or high water, whether I invest or not.”
Gurley notes Amazon ran same-day delivery experiments on Uber while most $20-30M companies would refuse due to accounting concerns.
“This is a company that's worth 100 billions of dollars that is running an experiment on top of Uber. And Yeah.”