https://minutesof.com/on/amazon/ Everyone on the record about amazon: 26 verbatim quotes from 4 people, December 2012 to August 2026, in one chronology, each with a timestamp and a link… en Sun, 30 Aug 2026 22:32:47 +0000 https://minutesof.com/q/bec814f7-65f4-4f96-974a-25111131fde8/ https://minutesof.com/q/bec814f7-65f4-4f96-974a-25111131fde8/ “They ask him, when does a internal experiment get killed? And he said, when the last person with good judgment gives up.” — Bill Gurley, BlackNova Productions Tue, 04 Aug 2026 07:34:54 +0000 amazon https://minutesof.com/q/43f17b9f-5bc9-492c-b7d0-a83ee459c65f/ https://minutesof.com/q/43f17b9f-5bc9-492c-b7d0-a83ee459c65f/ “I know for a fact that most of the companies I've worked with that have gotten over 20 or 30,000,000 in revenue would not run that experiment because someone would say, oh, we won't know how to do the accounting. We can't like, that's too much of a hack, like, whatever.” — Bill Gurley, BlackNova Productions Tue, 04 Aug 2026 07:34:54 +0000 amazon https://minutesof.com/q/1de082cf-3681-416b-8030-2799026d6c09/ https://minutesof.com/q/1de082cf-3681-416b-8030-2799026d6c09/ “And I'm like, what happens at 02:30? He goes, I have to meet at the Amazon warehouse at 02:30.” — Bill Gurley, BlackNova Productions Tue, 04 Aug 2026 07:34:54 +0000 amazon https://minutesof.com/q/1dad726e-c24d-496f-b737-c89aaf4ad012/ https://minutesof.com/q/1dad726e-c24d-496f-b737-c89aaf4ad012/ “value just means that the asset is underpriced relative to what you think it will be worth in the future.” — Bill Gurley, The Knowledge Project Podcast Tue, 09 Jun 2026 10:00:30 +0000 amazon https://minutesof.com/q/a91f962e-6711-454f-b1db-5c6d4437360d/ https://minutesof.com/q/a91f962e-6711-454f-b1db-5c6d4437360d/ “Tranium, by far. Tranium is going to be to 2026, especially in the second half of this year when Tranium three really ramps, as TPUs were to twenty twenty five.” — Gavin Baker, Sohn Conference Foundation Fri, 15 May 2026 18:17:41 +0000 amazon https://minutesof.com/q/ed71dd24-f769-48fe-8eb3-1869799a3e75/ https://minutesof.com/q/ed71dd24-f769-48fe-8eb3-1869799a3e75/ “A lot of the impetus for the recent Amazon and OpenAI deal was, yes, OpenAI wanted money, yes, they needed compute, but they also just went to Amazon and were like, give us your CPUs, And before, OpenAI's stack was pretty much only on x86 CPUs, but Amazon had tons of ARM CPUs and so they ported the whole thing,” — Dylan Patel, Daytona Tue, 07 Apr 2026 17:12:37 +0000 amazon https://minutesof.com/q/467d4b9b-9a4f-4f92-a26f-6dfb6d56604a/ https://minutesof.com/q/467d4b9b-9a4f-4f92-a26f-6dfb6d56604a/ “And so there's just no capacity anywhere and that's causing a lot of instability, not just in GitHub but probably other places too.” — Dylan Patel, Daytona Tue, 07 Apr 2026 17:12:37 +0000 amazon https://minutesof.com/q/31c03f55-c143-4c0c-84a7-52a3e1df0c7a/ https://minutesof.com/q/31c03f55-c143-4c0c-84a7-52a3e1df0c7a/ “Amazon's volumes on CPUs, of CPU servers they're installing have three x year on year, right, from this year versus last year. And so there's just no capacity anywhere” — Dylan Patel, Daytona Tue, 07 Apr 2026 17:12:37 +0000 amazon https://minutesof.com/q/0d8b9a11-eaa8-49fb-9ff1-271ee0c9d472/ https://minutesof.com/q/0d8b9a11-eaa8-49fb-9ff1-271ee0c9d472/ “So then you've just seen everyone run out of CPUs, Amazon's volumes on CPUs, of CPU servers they're installing have three x year on year, right, from this year versus last year.” — Dylan Patel, Daytona Tue, 07 Apr 2026 17:12:37 +0000 amazon https://minutesof.com/q/a4dff475-403f-42f3-9d71-df6f1a93c46f/ https://minutesof.com/q/a4dff475-403f-42f3-9d71-df6f1a93c46f/ “Oh, more than Amazon ever lost. And so the the burn rates are bigger than they've ever been in the history of venture capital. And eventually, they're gonna wanna bring those in.” — Bill Gurley, Yahoo Finance Mon, 26 Jan 2026 13:00:06 +0000 amazon https://minutesof.com/q/7dc1dfdc-c966-48a1-aa23-0ab53fb8f113/ https://minutesof.com/q/7dc1dfdc-c966-48a1-aa23-0ab53fb8f113/ “They're going to make something like five to 7,000,000 chips, right? Of their own TPUs. You look at Amazon, they're trying to make three to 5,000,000.” — Dylan Patel, Dwarkesh Patel Wed, 12 Nov 2025 17:02:10 +0000 amazon https://minutesof.com/q/cb2823c6-9e97-4367-aa5d-8fd037b43b7f/ https://minutesof.com/q/cb2823c6-9e97-4367-aa5d-8fd037b43b7f/ “Amazon is up 87 times today from where it was when he made that call.” — Brad Gerstner, CNBC Television Thu, 12 Jun 2025 17:50:39 +0000 amazon https://minutesof.com/q/4ac7b5bb-d43b-4aa9-aa5d-338c2683c4c6/ https://minutesof.com/q/4ac7b5bb-d43b-4aa9-aa5d-338c2683c4c6/ “I talked about Henry Blodgett's 400 call on Amazon back in 2000. Right? What do you think Amazon is today relative to the $400 call that Henry Blodgett made in 2000?” — Brad Gerstner, CNBC Television Thu, 12 Jun 2025 17:50:39 +0000 amazon https://minutesof.com/q/94e0bd25-ff4f-417c-bed8-b18d31825e65/ https://minutesof.com/q/94e0bd25-ff4f-417c-bed8-b18d31825e65/ “Amazon, if you recall, Bill, and I know you do, it peaked at $243 a share in 1998. But at the start of 2000, it's at $150 a share.” — Brad Gerstner, BG2 Pod Thu, 05 Jun 2025 23:20:47 +0000 amazon https://minutesof.com/q/4bfaeb57-cf43-4ffb-b8ad-63cfb6e177cc/ https://minutesof.com/q/4bfaeb57-cf43-4ffb-b8ad-63cfb6e177cc/ “So I earned a 100 x return in the public markets. Right? By all accounts, venture capitalists would do back flips for that return, but those returns were going to private market participants.” — Brad Gerstner, Upfront Ventures Thu, 13 Mar 2025 21:33:08 +0000 amazon https://minutesof.com/q/f82e7a79-273d-4b6e-8272-b34b89b6482f/ https://minutesof.com/q/f82e7a79-273d-4b6e-8272-b34b89b6482f/ “Amazon and Anthropic have decided to, you know, make a 400,000 Trainium server supercomputer. Right? 400,000 chips. Right? Going back to the whole scaling law is dead.” — Bill Gurley, Bg2 Pod Mon, 23 Dec 2024 20:25:20 +0000 amazon https://minutesof.com/q/fb579459-b9f0-48bb-b811-bb4cfc02123b/ https://minutesof.com/q/fb579459-b9f0-48bb-b811-bb4cfc02123b/ “And and because of this, right, Amazon and Anthropic have decided to, you know, make a 400,000 Trainium server supercomputer. Right? 400,000 chips. Right? Going back to the whole scaling law is dead.” — Bill Gurley, Bg2 Pod Mon, 23 Dec 2024 20:25:20 +0000 amazon https://minutesof.com/q/55fd7d23-c6ff-42d1-ada9-ae49a012dcd3/ https://minutesof.com/q/55fd7d23-c6ff-42d1-ada9-ae49a012dcd3/ “Yeah. So so funnily enough, Amazon's chip is the Amazon I I call it the Amazon's basics TPU. Right?” — Dylan Patel, BG2 Pod Mon, 23 Dec 2024 20:12:56 +0000 amazon https://minutesof.com/q/2bf1de93-3be6-45eb-a95c-900e0809de32/ https://minutesof.com/q/2bf1de93-3be6-45eb-a95c-900e0809de32/ “Why are we in Amazon? Because we think the retail businesses margins are gonna go up. Jassy has absolutely found religion.” — Brad Gerstner, CNBC Television Tue, 11 Jun 2024 17:21:48 +0000 amazon https://minutesof.com/q/4c29463c-03e3-4be7-b7a7-2c8f22328c5c/ https://minutesof.com/q/4c29463c-03e3-4be7-b7a7-2c8f22328c5c/ “A year ago, I was concerned and some others were whether or not Microsoft's early lead because of their partnership with OpenAI would cause a bunch of customers to leave Amazon and go to Azure in order to take advantage of the benefits of OpenAI.” — Brad Gerstner, CNBC Television Fri, 02 Feb 2024 18:54:25 +0000 amazon https://minutesof.com/q/836e0b05-83ca-4b66-bc71-7adbf9cbd11d/ https://minutesof.com/q/836e0b05-83ca-4b66-bc71-7adbf9cbd11d/ “We expect our forecast is that Microsoft and Amazon, you know, Snowflake, they'll all accelerate their growth rates this year. Right?” — Brad Gerstner, BG2 Pod Thu, 25 Jan 2024 16:07:19 +0000 amazon https://minutesof.com/q/2d8e05c8-cbd0-48d0-8673-7920bb71b4ac/ https://minutesof.com/q/2d8e05c8-cbd0-48d0-8673-7920bb71b4ac/ “I think Amazon CodeWhisperer, so this is a cogeneration copilot Mhmm. Is reporting that they've seen 56% increase in engineering productivity” — Brad Gerstner, Joe Lonsdale Wed, 25 Oct 2023 18:32:55 +0000 amazon https://minutesof.com/q/caa9f822-6993-41ed-a808-449a8b1570ac/ https://minutesof.com/q/caa9f822-6993-41ed-a808-449a8b1570ac/ “So if you reread his S-one where he writes a letter, it's titled To Our Share Owners, and he talks a lot about them.” — Bill Gurley, Bloomberg Originals Fri, 21 Jul 2023 01:00:14 +0000 amazon https://minutesof.com/q/b84158be-ed2c-48d3-9a32-4f05c66c9f6f/ https://minutesof.com/q/b84158be-ed2c-48d3-9a32-4f05c66c9f6f/ “From 1999 to 2019, they spent $62,000,000,000 on CapEx. They're going spend $87,000,000,000 in 2020 and 2021. That's crazy.” — Gavin Baker, Invest Like the Best Tue, 25 Jan 2022 09:00:00 +0000 amazon https://minutesof.com/q/8e03624f-6573-45dc-bc4b-f5a969338ad1/ https://minutesof.com/q/8e03624f-6573-45dc-bc4b-f5a969338ad1/ “It's not a comment on Amazon. It's just a comment on the supplier response. They have spent more money on CapEx in the last two years than they did in the preceding twenty years.” — Gavin Baker, Invest Like the Best Tue, 25 Jan 2022 09:00:00 +0000 amazon https://minutesof.com/q/f117dfac-51f1-444d-b5ac-45adae440a89/ https://minutesof.com/q/f117dfac-51f1-444d-b5ac-45adae440a89/ “I love this story of DP Review, which is a website for digital camera reviews.” — Bill Gurley, GigaOm Tue, 11 Dec 2012 17:49:11 +0000 amazon