Money and Finance
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Related link (Bezos quotes Buffett and Ben Graham): Jeff Bezos on Leading for the Long-Term at Amazon
Related articles:
Amazon’s Growth Looks Like Walmart in the 1990s — But Even Better
Amazon’s Future Is Not in Selling Stuff — And That’s a Good Thing
Google’s Plan to Snatch Shopping From Amazon Is Working
- Amazon: Relentless.com
Link to article: Relentless.com At 20 Amazon is bulking up. It is not—yet—slowing down HIGH-TECH creation myths are expected to start with a garage. Amazon, impatient with ordinary from the outset, began with a road trip. In the summer of 1994 Jeff...
- Jeff Bezos On 60 Minutes
Link .......... Online extra videos: Bezos recalls Amazon's riskiest move Why Bezos bought The Washington Post The Jeff Bezos of 1999: Nerd of the Amazon (February 1999 "60 Minutes" segment) ...
- Amazon's 1997 Public Offering...
After reading THIS post about a NY Times article on Apple and Oracle from 1997, I did a search on the NY Times site for some other articles around that time. I found the short article pasted below interesting. I may be going out on a limb, but I think...
- Amazon Is Going To Do To Enterprise Cloud Companies Exactly What It Did To Book Stores
“I find it really hard to believe that we cannot collectively beat a company that sells books,” said Carl Eschenbach, the chief operating officer of VMWare, at the company’s recent annual confab with its partners and resellers. VMWare competes with...
- Inside Amazon's Idea Machine: How Bezos Decodes The Customer
Found via My Investing Notebook. A few months ago Amazon reached what its founder and CEO Jeff Bezos demurely tells me was “an interesting milestone.” The retailing giant, so ubiquitously associated with books, then music and video, now has tens of...
Money and Finance
How Amazon Trained Its Investors to Behave
In March 2000, Barron's reported that 51 Internet companies were burning cash so fast that they'd be broke by the end of the end of the year. The article (it's behind a seemingly unbreachable paywall) has acquired the reputation of having marked the end of the dot-com boom. The Nasdaq composite index peaked on March 10 at 5132, and by the end of the month was in a full-on collapse (as I write this, it's only at 3155, despite years of gains).
The Burn Rate 51 was made up mostly of now-forgotten companies like drkoop.com and CDNow. But it also included a certain Internet bookseller from Seattle. The Barron's article mentioned that a 690 million euro convertible bond sale in February had bought Amazon some more time (the list was based on 1999 year-end data) — but that the company would still run out of cash in 21 months.
In fact, Amazon was only operating at such a high burn rate because it could. Once investors stopped giving it free money, the company quickly cut back on its investments and its losses. By the fourth quarter of 2001 — that is, within about 21 months — it was turning a profit.
................
Related link (Bezos quotes Buffett and Ben Graham): Jeff Bezos on Leading for the Long-Term at Amazon
Related articles:
Amazon’s Growth Looks Like Walmart in the 1990s — But Even Better
Amazon’s Future Is Not in Selling Stuff — And That’s a Good Thing
Google’s Plan to Snatch Shopping From Amazon Is Working
- Amazon: Relentless.com
Link to article: Relentless.com At 20 Amazon is bulking up. It is not—yet—slowing down HIGH-TECH creation myths are expected to start with a garage. Amazon, impatient with ordinary from the outset, began with a road trip. In the summer of 1994 Jeff...
- Jeff Bezos On 60 Minutes
Link .......... Online extra videos: Bezos recalls Amazon's riskiest move Why Bezos bought The Washington Post The Jeff Bezos of 1999: Nerd of the Amazon (February 1999 "60 Minutes" segment) ...
- Amazon's 1997 Public Offering...
After reading THIS post about a NY Times article on Apple and Oracle from 1997, I did a search on the NY Times site for some other articles around that time. I found the short article pasted below interesting. I may be going out on a limb, but I think...
- Amazon Is Going To Do To Enterprise Cloud Companies Exactly What It Did To Book Stores
“I find it really hard to believe that we cannot collectively beat a company that sells books,” said Carl Eschenbach, the chief operating officer of VMWare, at the company’s recent annual confab with its partners and resellers. VMWare competes with...
- Inside Amazon's Idea Machine: How Bezos Decodes The Customer
Found via My Investing Notebook. A few months ago Amazon reached what its founder and CEO Jeff Bezos demurely tells me was “an interesting milestone.” The retailing giant, so ubiquitously associated with books, then music and video, now has tens of...