Founder of Amazon in 1994 and of the space company Blue Origin in 2000.
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Their wordsLong-term thinking is a giant lever. You can literally solve problems if you think long-term, that are impossible to solve if you think short-term. And we aren't really good at thinking long-term. Five years is a tough timeframe for most institutions to think past.
Their wordsAnd I would encourage anybody, if anybody listening to this is an entrepreneur, has a small business, whatever, think about the things that are not going to change over 10 years. And those are probably the big things.
Jeff BezosFounder of Amazon in 1994 and of the space company Blue Origin in 2000If you make the wrong decision, if it's a two-way door decision, you pick a door, you walk out and you spend a little time there. It turns out to be the wrong decision, you can come back in and pick another door. Some decisions are so consequential and so important and so hard to reverse that they really are one-way door decisions. You go in that door, you're not coming back. And those decisions have to be made very deliberately, very carefully.↗Jeff Bezos: Amazon and Blue Origin | Lex Fridman Podcast #405youtube.com · 14 Dec 2023 · 1:00:06 into the videoAll korrents from this video
Their wordsIf you make the wrong decision, if it's a two-way door decision, you pick a door, you walk out and you spend a little time there. It turns out to be the wrong decision, you can come back in and pick another door. Some decisions are so consequential and so important and so hard to reverse that they really are one-way door decisions. You go in that door, you're not coming back. And those decisions have to be made very deliberately, very carefully.
Jeff BezosFounder of Amazon in 1994 and of the space company Blue Origin in 2000The only interesting problem is dramatically reducing the cost of access to orbit, which is, if you can do that, you open up a bunch of new endeavors that lots of start-up companies everybody else can do. One of our missions is to be part of this industry and lower the cost to orbit, so that there can be a renaissance, a golden age of people doing all kinds of interesting things in space.↗Jeff Bezos: Amazon and Blue Origin | Lex Fridman Podcast #405youtube.com · 14 Dec 2023 · 0:38:13 into the videoAll korrents from this video
Their wordsThe only interesting problem is dramatically reducing the cost of access to orbit, which is, if you can do that, you open up a bunch of new endeavors that lots of start-up companies everybody else can do. One of our missions is to be part of this industry and lower the cost to orbit, so that there can be a renaissance, a golden age of people doing all kinds of interesting things in space.
Their wordsI have a saying, which is when the data and the anecdotes disagree, the anecdotes are usually right. And it doesn't mean you just slavishly go follow the anecdotes then. It means you go examine the data because it's usually not that the data is being miscollected, it's usually that you're not measuring the right thing.