So true. So fucking true. Anyone pushing tech, that's all you'll find. They're just out for money. I'd be okay with this if it were open and merit based, Instead of the version we have which is full of gatekeepers. Wise senior software engineers have told me this , almost everything you see in tech is faked for the more stupid user base. Also, there's a ton of nepotism in tech, its not even about skill. Just who you know. Based on who people wanna circle jerk the most
@Alejandro Rivero Jr. I like how the "fun at parties" cope template works so well. It's a templated response. It's just funny to me because on the modern internet, none of us share locales. It's so baseless, yet so effective. Hope marketing gave whoever came up eith that template a raise. I could automate cope comments and these shills would be out of a job 😂😂😂😂
"web usage has increase 2330% since last year" "so I was thinking about selling books online" literally the most basic supply and demand of all time and now hes the richest man on earth.
No, around that time there were several book stores already selling on the net. It's Bezos' intensity and intelligence that made him what he is today. Their customer service and shipping speed was second to none. (And still is today). And for that they had to build an entire logistics chain around the world, beating stores and logistics companies at their own games. And he was also at the forefront of several other trends that followed.
To be fair, that was NOT A SMALL BUSINESS. Amazon in 1997 was already gigantic in terms of a single book store (it was practically a super mega store of books from the very start) so yeah it's definitely not the Amazon of today but by no means it was ever small.
@@theendurance $15 an hour from a man who makes billions a day and had his highest ever day of earnings during a pandemic where millions have lost their jobs and homes, hm....
Glomo you’re so fucking stupid, $15 an hour to work in a warehouse is the minimum wage for warehouses in California and California has a $12 or maybe $13(not sure if it went up) minimum wage for any job. You think Amazon became as big as it is without taking advantage of underpaid workers and setting overly ambitious goals for the workers, who if they don’t meet the goals, are fired and replaced like they are worth nothing. If Amazon wanted to have high standards and pay their workers well I’d be all behind Bezos but that isn’t the case. Just like all huge corporations, they try to get as much work out of you for as little as possible.
Paul Hardingham there's also such a thing as ending up bankrupt, homeless or having no money to fund ''grandiose ideas'' speaking from experience. There are many people that take ''action'' you've never heard about because it didn't succeed.
Well he kinda already has it, him and Elon. For the rest of us our names will never be remembered and if we do get “immortality” in the way u mean I think it won’t be for another several hundred years sadly
TEUTOWOLF but we still look back at revolutionary things in the past that are considered trivial today and the people who came up with those things, even from societies whose structures we do not share. So yes I do think he will be remembered for a time to come.
It's not ahead of his time. It's spot on for his time. People have been saying the same thing for way further back than this interview. Businesses have always been struggling to keep attention.
@@aaronvenn8660 right place? What r u saying? Yh being in the right place? Automatically build Amazon.com did smart business moves an dealt with the headaches of running a a company
What strikes me is his boundless optimism and positivity. Being able to laugh easily and adopt a mindset of positivity is incredibly underrated as an entrepreneur.
I'm sorry truthspeaks84 but he is a piece of shit. The company is built on exhausting their employee so they cannot enjoy their benefits because they have to quit. So its very efficient for money but it also destroys life of people. Oh, and the company does not pay any taxes, however, his workers have to rely on food stamps payed by the government which increases taxes and so on. He is a thief and his giant amount of wealth should disgust you and understand what kind of shitty world we live in.
1. no one forces them to work there, you should know what kind of work environment you're getting yourself into when applying for that specific job. 2. the company DOES pay taxes, just not much, they have offshore accounts with HUGE amounts of sums that are FROZEN, so they can't do much with the money anyway. If your company pays the normal precentage tax as ordinary people do, you will without a doubt go under. 3. how is he a thief exactly? he has made his money honestly from his company and no matter how disgusted you are by the fact that he pulls such huge numbers, or how hurt your feelings get, it doesn't give you the right to slander him and call him a thief. get the fuck out of here with that socialist bullshit.
@@klash3532 Wait do you really think all those people who work there had a choice to live like a slave or not? Have you've seen how hopeless people are nowadays? The economy is shitty and everyone is in debt (ie countries and people). The wealth inequality is bigger than ever and a new economic crisis is near. Just simply look at the people who default on their student loan debt, cannot pay for their healthcare and countries like Turkey, Italy, Venezuela, Greece, Iran are already crashing. How can you not call him a thief if he does not pay his workers enough to live in a apartment and feed themselves well without relying on foodstamps supplied by the government? Amazon has received major financial incentives by the government which they achieved by legal bribery called lobbying. If you add those incentives up with the taxes they are paying, they are earning (not losing) money. I don't care they cannot access their money because they stored it on a tax haven outside the US, they sure don't wanna pay it up like an unpriviliged honest taxpayer does it. That is thievery, I don't care if its legal, something like this is unprecendented since the gilded age. By the way for over a decade Amazon was relying on investors to expand and were losing money. During that time Amazon destroyed competition who could not compete because they were not able to do business with a defecit. And what is the result of it? A perfect storm for a Monopoly and modern slavery. By the way, how the hell can you say that a company cannot survive with the taxes they have to pay if a normal taxpayer can barely survive with the sky high rent and other basic expenditures they have to pay for. How can you defend these companies that are doing better than ever before while people are living almost as terrible as they did in the 20s? Every Keynesian capitalist and Adam Smith would be disgusted by your indoctrinated comment. You are far gone from any ethical reasoning
@Hugo louis Is a great idea to invest in cryptocurrency most especially bitcoin, bitcoin is now 54k I believe it will raise before the end of the week.
Oh please. This is never going to become a thing. He should go to a trade school and learn something useful to the economy. Edit: yes I know who he is. Some people don’t know a joke when they read one.....
@@mubeenamir My understanding is you have to capture people's attention for them to engage in what you do and what you offer, sheer information by itself isn't enough
@@melvoHD yeah actually it makes sense if you live in a human civilization and you want to higher on the hierarchy you need to have some sort of support intended or un intended support and in that case if you think of it as attention altho it is a onerous term it kinda checks out i mean larry fink the worlds most powerful man has the same business he grabs attention of stakeholders and goes above bezos did the same he gave what people wanted and did the same to rise above in the hierarchy but yeah at the same time if you have information is more useful you can surgically alter the macro scenario of the situation to your benefit like in a way bezos did
All mainstream sources including Forbes will tell you Jeff is the richest man on earth.... if you believe them you're a dull headed person. The Rothschilds are a pretty extreme example and some would argue their wealth is spread across the family. But regardless a simple google search will inform you Their family has been associated with international banking since AT LEAST the late 1700's and they are merely one example. The real richest elite are not public about their wealth
If he was honest with himself, this was probably the time when he was having the most fun with the business, brand new venture with exhilarating growth, less cynical and not yet consumed by greed, acquisition and power plus a little more hair
@@PatrickPierceBateman Unfortunately they don't have recreational weed yet either! But we gotta wait for shit to be federally legal first. Alas, the day will come.
This guy who works at D.E. Shaw (the hedge fund at which Bezos used to work) was giving a presentation and mentioned how one of Bezos' jobs was to come up with ideas to help expand the business, and Bezos had the idea of selling books but no one at the fund thought it'd be successful, so Bezos left. It's cool to see this video and see the past version of Bezos!
He literally just saw an opportunity (internet growing at 2000% a year in the 90s) and then executed with such a simple strategy (sell books which are easy to store and transport, many categories/variety). He really is a genius
I remember when eBay was bigger than Amazon. I'm older so I got to see the internet from nothing to now. I thought, how stupid Amazon was because it was only for books...and eBay had everything (usually cheaper except for books). Then little by little Amazon added different categories, and it was quite crazy seeing how Amazon evolved.
Here we are , in 2018 .... thinking about what that 1,000 USD would be worth if we bought Amazon shares and kept them ... Instead , why don’t we think about another video like this given by another legend in 2038 , then we could write a different comment like : I am so glad I invested 1,000 USD in him or her back in 2018 .... Nothing will ever change in your life if you keep looking back .....
Mustafa Baris I'm starting my company today. It's your opportunity to invest in the future don't miss your opportunity give me $1000 and you will be a multi millionaire
What amazes me even more is how intelligent he is. He was a high school valedictorian. He was a National Merit Scholar. A Silver Knight Award winner. And he graduated from Princeton University with a 4.2 GPA in Bachelor of Science in Electrical Engineering and Computer Science, and was a member of the Phi Beta Kappa. He worked as a Product Manager at Bankers Trust, and joined a Hedge Fund. This guy was a intelligent student, a talented Engineer, and a Manager. Before he founded Amazon. And today, he is the richest man on Earth. A well deserved title if you ask me.
So he nails it here: - 100% right on the growth and world changing impact of Internet usage - Being specific about the impact for commerce and sales. E-commerce did not exist and would take a long time to mature. How he conceived that mental picture of the future is unbelievable. - Being spot on with the attention scarcity. It got so much worse as we all know. - making the right deduction and logical reasoning for starting out with books. It’s the numbers that gave him the insight. He did come out of a quantitative hedge fund. Emotion doesn’t matter, facts and data do - already has a professional approach to online advertising, bannering and calculation ROI/ROAS and conversion. Google Adword and affiliatie marketing online had yet to be invented! - Having the smart setup of keeping inventory of the most in demand items and connecting electronically with wholesale and third party publishers. - being and remaining customer centric. - capturing user data to create a better customer experience and better Amazon $$$ - clearly having a plan and execution power to go way beyond books and music. This 5:30 minute clip contains more insights and knowledge than a whole year in business school
This sounds like a 10 min convo you have at a bar with a random person and then at the end you walk away like “what the hell was that guy talking about?” hahaha
Yes the Guy who doesn't realize u give zero fucks about wtf he talking about for so long but you feel somewhat restrained and awkward to leave so u keep listening
When you are in position of so much power and control over the world, tiny things like these don't matter. The world ceases to dissapoint you. You know you can just buy a solution. Everything is in your palm of your hands. You become God.
Who would’ve thought this fella was going to become the wealthiest person in the World, far more than Bill Gates. The interviewer certainly wouldn’t have.
Epic T I sincerely doubt that bothers him. Somebody so driven isn’t gonna be dragged down by what others think of him. It’s probably fatigue, his wife leaving him and that sort of thing
@Nosferatu Zodd Nasdaq is the second largest stock exchange behind the NYSE. You're thinking of the NASDAQ Composite which is a stock market index. Amazon first started trading on Nasdaq in 1997 (year of this video).
As Mr. Bezos said, the path to success is to provide innovation that gives real value to the customer. I have probably bought somewhere between 500 and 1000 books from Amazon over the years. (And Abebooks, my number two online source for books, is wholly-owned by Amazon.) Like so many people, I miss a lot of the independent bookstores that have closed over the last 20 years but even the best of those stores rarely stocked more than 20,000 titles. Even 10,000 titles was high for most of those stores. Amazon offers millions. That, as Bezos noted, cannot possibly be replicated by a bricks-and-mortar store. Also, almost every book I have bought from Amazon would have cost me more if I had been able to locate it in a store. Many of the books I have are out-of-print, and locating them would have been nearly impossible. My library would have been effectively impossible to pull together without the incredible source we have in Amazon. I am grateful, and have no complaint that I have contributed to his $100,000,000,000 fortune. He has changed the world.
4:274:444:55 I wonder where these people walking in the background are now and if they realize that they were in an interview (indirectly) with the world’s wealthiest person (as of July, 2020).
T L it literally is lmao. Dont believe me? look it up. Since november 2018, amazon has had a $15 minimum wage for all employees including part time, temporary, and seasonal workers. You dumb fuck dont comment on things you dont understand or know
He had hair back then. The dude interviewing him must be telling everyone now that he interviewed the great Jeff Bezos. Hopefully he got some vibes from bezos and bought some stock. Else he might be suicidal now...
read it somewhere, though i didn't crosscheck, that professionally he and his companies were doing okay. so i guess he must have at-least made it big enough to have a decent car, house and "some" bank balance
The fact that after 6 years this video has less than 2,000 views, but a girl twerking can get a million views in a year...explains why most people are poor, struggling our can't miss more than a couple of paychecks with out catastrophe. We prioritize the wrong things, starting from grade school.
People prioritize watching twerking because thats what the media prioritizes and the more its watched, the more it's presented. A positive feedback loop.
He spent a lot of talking about his company as a "book company". His real success came from his ability to evolve his company and serve customers in new and diverse ways rather than his insight into the book business.
@@BlackHawkDown2 that's bs. You can treat your employees well and still make a good profit. Less turnover that way and more motivated/happy employees that way too
@@trucker4472 nope work there and its brainless work i pretty much just go on autopilot for 15 bucks an hour, just a summer job for me though it sucks for all the people who blew off school and also didnt bother to learn a trade
As odd as it seems, I agree with Bezos that this is a great time to be alive on this planet. The problems and crises are daunting, but the progress and opportunities are amazing.
Chad Kimberley I agree with u you man. I just think he’s referring to the actual time and space we are in comparing to other times and uhhhh don’t t let the suit confuse you in the pic. It was an interview for an entry level position 😭😭
@@jandzoe9249 there was freedom and more happiness back then. Now the world is on edge, there's way too many people and new laws and it's only gonna get worse
Approached it as statistics. Books have over 3 million unusual selections. I started buying rare books from Amazon in 1997. Even if it's just researching a title, Amazon will tell me if the Book exists and gives an ISBN number.
Amazing -- 21 years later, spot on, and well rewarded! I love how Mr. Bezos always reminds people to follow their hearts, to realize their callings, to act on instinct, and to focus on the value they bring to the world. What a humble guy!
*Clearly knows nothing about business. The future is coal, gold, salt, and silk; internet is just a fad - 2 years later nobody will be using it* EDIT: I was wrong. Can you please give me some money, Jeff? I'm homeless after the coal market crash.
*Just another UA-cam vloger trying to sell his merch*
Are you serious or you being sarcastic???
but he only sells books and a dozen other things
i'd surely consider if there are more products and services
So true. So fucking true.
Anyone pushing tech, that's all you'll find.
They're just out for money.
I'd be okay with this if it were open and merit based,
Instead of the version we have which is full of gatekeepers.
Wise senior software engineers have told me this , almost everything you see in tech is faked for the more stupid user base.
Also, there's a ton of nepotism in tech, its not even about skill. Just who you know.
Based on who people wanna circle jerk the most
@Alejandro Rivero Jr. I like how the "fun at parties" cope template works so well.
It's a templated response.
It's just funny to me because on the modern internet, none of us share locales.
It's so baseless, yet so effective.
Hope marketing gave whoever came up eith that template a raise.
I could automate cope comments and these shills would be out of a job 😂😂😂😂
@@EbonyGreathouse good question
This whole Internet thing will never take off
Exactly! Companies like Blockbuster or Sears will never be overtaken by those Internet fads
Lol
Yeah. And WTF are touchscreen phones... FTW Flip phones!!
Yeah. This web thing is doubtful
They should stick newspaper and radio as a way to advertise and sell books, it’s really hard to change people’s perception
He gained a million dollars for every hair he lost.
Haha good one!!!
Haha good one!!!
Jajajajajjajajajaja
Lmao
It’s funny cuz a person has 100,000 hairs so for all of them lost he’d have 100B which is around how much he has lol
"web usage has increase 2330% since last year"
"so I was thinking about selling books online"
literally the most basic supply and demand of all time and now hes the richest man on earth.
In 1997 people were treating e-commerce like vaporware. Only those willing to invest in and trust the numbers they saw made it out.
Seriously... Hindsight is 2020
No, around that time there were several book stores already selling on the net. It's Bezos' intensity and intelligence that made him what he is today. Their customer service and shipping speed was second to none. (And still is today). And for that they had to build an entire logistics chain around the world, beating stores and logistics companies at their own games. And he was also at the forefront of several other trends that followed.
@@zoli11 only several? Out of millions and millions of people? Sounds like people thought it was vaporware like BTC
You do realize all great businesses are based on basic supply and demand. He’s the richest man in the world because he literally pioneered an industry
He’s so clear and confident in his business here. No wonder it worked.
To be fair, that was NOT A SMALL BUSINESS. Amazon in 1997 was already gigantic in terms of a single book store (it was practically a super mega store of books from the very start) so yeah it's definitely not the Amazon of today but by no means it was ever small.
Without an army of mistreated wage-slave workers nothing would have worked for Bezos.
@MassEffectGER his $15 an hour workers who make double the federal minimum wage? Those slaves??
@@theendurance $15 an hour from a man who makes billions a day and had his highest ever day of earnings during a pandemic where millions have lost their jobs and homes, hm....
Glomo you’re so fucking stupid, $15 an hour to work in a warehouse is the minimum wage for warehouses in California and California has a $12 or maybe $13(not sure if it went up) minimum wage for any job. You think Amazon became as big as it is without taking advantage of underpaid workers and setting overly ambitious goals for the workers, who if they don’t meet the goals, are fired and replaced like they are worth nothing. If Amazon wanted to have high standards and pay their workers well I’d be all behind Bezos but that isn’t the case. Just like all huge corporations, they try to get as much work out of you for as little as possible.
"I'm the founder of Amazon."
biggest flex of all time.
Founder of google would be better flex I think..
@@myself3209 hell no lol
@@myself3209 Google had two founders tho
@@myself3209 the internet is cooler
The FOUNDER OF SPACE X WOULD BE MUCH BETTER FLEX
This guy saw it coming.
reiwell del The HAIR loss or the Wealth?
He not only saw it coming, but he took action. That's the key - lots of people have great ideas, but without action nothing happens
Thanks, Einstein.
He's amazing, can't wait for him to surpass apple.
Paul Hardingham there's also such a thing as ending up bankrupt, homeless or having no money to fund ''grandiose ideas'' speaking from experience. There are many people that take ''action'' you've never heard about because it didn't succeed.
Bezos 1997 : Selling books
Bezos 2020 : Selling almost everything
Bezos 2040 : Selling immortality
Well he kinda already has it, him and Elon. For the rest of us our names will never be remembered and if we do get “immortality” in the way u mean I think it won’t be for another several hundred years sadly
@@wastedtalent1625 Being insanely rich doesn't mean you'll be remembered.
TEUTOWOLF kinda does, especially as the ceo of a revolutionary company
@@1reptile121 "Revolutionary" in our times maybe, ultimately meaningless. The internet and free market capitalism won't last forever.
TEUTOWOLF but we still look back at revolutionary things in the past that are considered trivial today and the people who came up with those things, even from societies whose structures we do not share. So yes I do think he will be remembered for a time to come.
"attention is the scarcest commodity of the 20th century" -- Jeff Bezos, 1997
A man, far ahead of his time...
I couldn't agree mo - hey look, a bird!!
Very intelligent man! Men like him deserve every penny they’ve earned.
Not really. Just in the right place and less lazy than most of us.
It's not ahead of his time. It's spot on for his time. People have been saying the same thing for way further back than this interview. Businesses have always been struggling to keep attention.
@@aaronvenn8660 right place? What r u saying? Yh being in the right place? Automatically build Amazon.com did smart business moves an dealt with the headaches of running a a company
1997: Hair no money
2019:no hair money
martin s hahaha
Actually, he was worth 10 billion dollars in the 90's...
He was already a millionaire in this video from investing
@@nicholasroberts7891 *Billionaire
You've probably read my previous comment, he was worth 10 billion. 😎
No hair and no money, that is me amazon.com/author/samyogi
The baby at 2:16 was from the future trying to stop Bezos from taking over the world
This is funny 😂😂😂
that was me I’m 24 now
😂
Kyle Reese
Big LOL
It was on this day that I bought 5,000 shares of Amazon. I'm retired now. Thanks, Jeff!
omg, you are gay?
Oh yeah? On this day exactly? Did you fly to the stockbroker on your dragon
@@nickyos8640 No my dragon was in the repairshop that day so I rode my flying douche pony
Bullshit
Seriously?
This guy is on to something... might want to invest in his stock some day...
Best UA-cam Scrapper Right Here☝️
Taco Stacks hahahahaha haven’t seen this type of joke 1,000,000 times on videos of people that go on to be successful
Enron is way better, even real estate is better, specifically in California we all are going to be rich
Taco Stacks buddy, you’re so correct, the only problem is that you’re about 20 years too late! 😂
stop copying peoples comment, its being said, your late
What strikes me is his boundless optimism and positivity. Being able to laugh easily and adopt a mindset of positivity is incredibly underrated as an entrepreneur.
lol I have those two aspects but when i ran my business i was a bit to susceptible to being overly optimistic.
He used to work for a hedge fund in New York, of course he's happy. Also he comes across entirely fake in this video.
I'm sorry truthspeaks84 but he is a piece of shit. The company is built on exhausting their employee so they cannot enjoy their benefits because they have to quit. So its very efficient for money but it also destroys life of people. Oh, and the company does not pay any taxes, however, his workers have to rely on food stamps payed by the government which increases taxes and so on. He is a thief and his giant amount of wealth should disgust you and understand what kind of shitty world we live in.
1. no one forces them to work there, you should know what kind of work environment you're getting yourself into when applying for that specific job. 2. the company DOES pay taxes, just not much, they have offshore accounts with HUGE amounts of sums that are FROZEN, so they can't do much with the money anyway. If your company pays the normal precentage tax as ordinary people do, you will without a doubt go under. 3. how is he a thief exactly? he has made his money honestly from his company and no matter how disgusted you are by the fact that he pulls such huge numbers, or how hurt your feelings get, it doesn't give you the right to slander him and call him a thief. get the fuck out of here with that socialist bullshit.
@@klash3532 Wait do you really think all those people who work there had a choice to live like a slave or not? Have you've seen how hopeless people are nowadays? The economy is shitty and everyone is in debt (ie countries and people). The wealth inequality is bigger than ever and a new economic crisis is near. Just simply look at the people who default on their student loan debt, cannot pay for their healthcare and countries like Turkey, Italy, Venezuela, Greece, Iran are already crashing. How can you not call him a thief if he does not pay his workers enough to live in a apartment and feed themselves well without relying on foodstamps supplied by the government? Amazon has received major financial incentives by the government which they achieved by legal bribery called lobbying. If you add those incentives up with the taxes they are paying, they are earning (not losing) money. I don't care they cannot access their money because they stored it on a tax haven outside the US, they sure don't wanna pay it up like an unpriviliged honest taxpayer does it. That is thievery, I don't care if its legal, something like this is unprecendented since the gilded age. By the way for over a decade Amazon was relying on investors to expand and were losing money. During that time Amazon destroyed competition who could not compete because they were not able to do business with a defecit. And what is the result of it? A perfect storm for a Monopoly and modern slavery. By the way, how the hell can you say that a company cannot survive with the taxes they have to pay if a normal taxpayer can barely survive with the sky high rent and other basic expenditures they have to pay for. How can you defend these companies that are doing better than ever before while people are living almost as terrible as they did in the 20s? Every Keynesian capitalist and Adam Smith would be disgusted by your indoctrinated comment. You are far gone from any ethical reasoning
I wonder where he is now? He's probably broke already or something.
@@siberiasbr lmao you're the clown here
@@siberiasbr he's straight up joking 💀
yuvv r/woooooosh
Luis yh his name is heff bezoz
Clorox Bleach yeah definitely not the richest man in the world with a net worth of nearly $200 billion
Jeff Bezos is the founder of amazon and he has made so much money from it and now he is the richest man in the world. That's a great achievement.
@Hugo louis that's nice but nothing good comes easily like Richard Clinton said a journey of a thousand miles starts with a step, it needs hard work.
@Hugo louis Is a great idea to invest in cryptocurrency most especially bitcoin, bitcoin is now 54k I believe it will raise before the end of the week.
@Hemant Adarsh I experienced the same suitation before my friend introduced me to Cynthia Edna. and since than I have been making a great profite.
@Abdellah adam as a beginner I will advise you to work with Cynthia Edna, for good and huge withdrawals.
@@danielleonard5998 which of the Cynthia Is it the one from the financial channel?
The people walking behind him not knowing he will be the richest man on the planet in 20 years
What about the Rotschilds ?
Theo Buying Amazon Stocks!!
Simp
Derek Welk Do you remember who asked? Neither do I.
This comment right here!! - so powerful
Oh please. This is never going to become a thing. He should go to a trade school and learn something useful to the economy. Edit: yes I know who he is. Some people don’t know a joke when they read one.....
Lol
I get it, you are as though if this was in 2020
Al Wa 王八 王八蛋 Winnie D pooh Damn right! Coal and fossil fuels are the future
Fucking idiots man he is the richest man alive do your research idiots
@@iridium8562 hope you're being sarcastic
I love the fact he combines sounding like a visionary genius with sounding like a complete stoner who has just finished a massive joint.
Chris Gritton maybe he did?
Bill Belzek Bezos us also running a space program.
Chris Gritton will amazon sell weed one day?
Live and Let Live Really? Steve jobs use to do LSD and weed.
Chris Gritton lol, truth
The fact that in 1997 he already realized that attention instead of information is the biggest commodity now speaks volumes..
Attention is power
wait how is attention the biggest commodity i dont understand can you please explain genuinely curious
@@mubeenamir My understanding is you have to capture people's attention for them to engage in what you do and what you offer, sheer information by itself isn't enough
@@melvoHD yeah actually it makes sense if you live in a human civilization and you want to higher on the hierarchy you need to have some sort of support intended or un intended support and in that case if you think of it as attention altho it is a onerous term it kinda checks out i mean larry fink the worlds most powerful man has the same business he grabs attention of stakeholders and goes above bezos did the same he gave what people wanted and did the same to rise above in the hierarchy but yeah at the same time if you have information is more useful you can surgically alter the macro scenario of the situation to your benefit like in a way bezos did
The more surprising it is that their website is so ugly
20 years later, hes the richest man in the world.
Being rich is having your cups full from the ❤️
Tyler Hansen what are you on about?!
maxwell smart board
Tyler Hansen - strange comment.
All mainstream sources including Forbes will tell you Jeff is the richest man on earth.... if you believe them you're a dull headed person. The Rothschilds are a pretty extreme example and some would argue their wealth is spread across the family. But regardless a simple google search will inform you Their family has been associated with international banking since AT LEAST the late 1700's and they are merely one example. The real richest elite are not public about their wealth
Kevin Spacey?
Far more evil.
More like Dr. Evil
Aran Rasekhi triggered?
Aran Rasekhi shut the fuck up?
@Aran Rasekhi I'm baffled as to why you said that
Good luck to this young man. Hopefully this internet fad will take off someday.
Lol
Internet will never take off, this is nonsene! Who will pay the postman to deliver email without a postage stamp!?!
TRY TO GET A RESERVATION AT DORSIA NOW YOU STUPID BASTARD
It already did
I think he was into that whole Yale thing.
All jokes aside, he seems innovative and happy.
invotaive
*inovative
@@MassEffectGER wrong
@@TheSmokey1424 thanks, although it is *innovative
If he was honest with himself, this was probably the time when he was having the most fun with the business, brand new venture with exhilarating growth, less cynical and not yet consumed by greed, acquisition and power plus a little more hair
“Attention is the scarce commodity of the 21st Century.”
Vision is one thing, execution is another.
This man nailed both to the wall.
A
He traded his hair for a trillion dollar
Guys you need to stop 🤣
He doesn't have a trillion dollars
@@harold6524 he will have
he pays himself 80k a year lmao nearly all of his net worth is his amazon shares
@@harold6524 he will and he is currently getting the money from the hair lol 😂😂😂
Is this guy for real, he will never succeed.
Indeed.
Cringe unoriginal comment
but he is richest man in world
@@onefade656 sorry bud I can see the whoosh comments coming.
@@onefade656 oh jesus fuk stefan... it's always the stefans goddamit
“How are you?”
“I’m Jeff Bezos”
He actually said "Who are you."
Who are you
it would be funnier like: "“How are you feeling today?”
“Hey, what? I’m Jeff Bezos”
Heisenberg it’s a joke 🤦♂️
@@UnKnown-bw6ti Bad one
Before he became one punch man.
Underrated comment lmaoo
Didn't see that coming
habib oluyemo OD Lmao
Lol
One pay man. Can purchase anything with one transaction.
1997: we hope to have at least 20 items
2020: literally has everything you can think of
They don't have guns or industrial-sized woodchippers.
except vehicles
@@PatrickPierceBateman Unfortunately they don't have recreational weed yet either! But we gotta wait for shit to be federally legal first. Alas, the day will come.
@@connerallen642 *in space*
Patrick Bateman that’s the most Bateman response possible lmao
This guy who works at D.E. Shaw (the hedge fund at which Bezos used to work) was giving a presentation and mentioned how one of Bezos' jobs was to come up with ideas to help expand the business, and Bezos had the idea of selling books but no one at the fund thought it'd be successful, so Bezos left. It's cool to see this video and see the past version of Bezos!
To clarify, Bezos' idea was an online bookstore.
@@kirubealwondimu7549 it was pure luck, relying on the stupidity of the general public.
@@anonjohnnyG Relying on the stupidity of the general public has been the most surefire way to win for centuries. How it that luck?
@@anonjohnnyG Why & How????????
@@anonjohnnyG it wasn't luck whatsoever. he literally told you in this video what he did. he saw a problem and he solved it. businessman.
"Hey Jeff. You mind staring into the Sun during the interview? That would be great."
Ngakak
He'll reply, no I won't. That will ruined my future vision of customer service.
Wkwkkkkkk
1997: The Web is an infant technology
2018: I own the Washington Post
And your "Chosen" brethren owns congress ...... had luck with right wings nazis nuts yets?
Nice flag dreidel licker
@@fartsneed9464 לול חח איזה מצחיק
The Washington Compost
@Mahmoud Mohamed plastien:DDDD it tells everything
He literally just saw an opportunity (internet growing at 2000% a year in the 90s) and then executed with such a simple strategy (sell books which are easy to store and transport, many categories/variety).
He really is a genius
A genius will find an easy solution to a complex problem.
He didn't invent the internet he didn't invent the web he didn't write the books... where's the genius? I don't see it
looks like Kevin Spacey!!! 😱
@@Mr3344555 damn xD
@@Mr3344555 #metoo
The Rapper or raper
Keep him away from your kids.
@@Mr3344555 Jeff has actually spent millions on child sex slaves. It's why his wife is divorcing him.
I remember when eBay was bigger than Amazon.
I'm older so I got to see the internet from nothing to now.
I thought, how stupid Amazon was because it was only for books...and eBay had everything (usually cheaper except for books).
Then little by little Amazon added different categories, and it was quite crazy seeing how Amazon evolved.
Did Ebay add books after seeing Amazon do it ? If they did , then how did Amazon survived ?
And suddenly we realised why its name had never had anything to do with books. It was gonna grow to be one jungle of a store...
Agree! We only used eBay until 2010 or so
Now I only use amazon
It's crazy to look back at these old dot companies and the rivals that surpassed them. Like MySpace & Facebook and Yahoo & Google.
And their website still sucks compared to eBay
Here we are , in 2018 .... thinking about what that 1,000 USD would be worth if we bought Amazon shares and kept them ... Instead , why don’t we think about another video like this given by another legend in 2038 , then we could write a different comment like : I am so glad I invested 1,000 USD in him or her back in 2018 .... Nothing will ever change in your life if you keep looking back .....
Mustafa Baris I'm starting my company today. It's your opportunity to invest in the future don't miss your opportunity give me $1000 and you will be a multi millionaire
Invest in yourself. That's the best investment you can ever make.
Bitcoin.
1000 cant even get u one share..
My history teacher always said int the past lies the future!
But he also said after the finals, is before the finals xD
Not sure if he'll make it but I wish him the best
@@mad-hl1rd whoosh
@@mad-hl1rd It's just a sarcastic joke. Read all the comments all are sarcastic.
Haha very funny
me too!
AUPA ATLÉTI
What amazes me even more is how intelligent he is.
He was a high school valedictorian.
He was a National Merit Scholar.
A Silver Knight Award winner.
And he graduated from Princeton University with a 4.2 GPA in Bachelor of Science in Electrical Engineering and Computer Science, and was a member of the Phi Beta Kappa.
He worked as a Product Manager at Bankers Trust, and joined a Hedge Fund.
This guy was a intelligent student, a talented Engineer, and a Manager.
Before he founded Amazon.
And today, he is the richest man on Earth.
A well deserved title if you ask me.
@@gab31282 I don't think he gives a fuck what you or other haters call him,
he's the richest man on the planet
genetic lottery, he was destined for this due to high iq from genes. fuck him
@@annon123 survival of the fittest if you ask me
@@annon123 You sound jealous. Focus your efforts on self-improvement.
@@sadfasde3108 Its all a lie brother, once you find out you'll be free.
Regardless of how you feel about bezos now, you have to admit he was a financial genius when coming up with this decision
He jumped into a money making industry. He had capital and did the simplest form of business. Genius my ass
The woman walking by @4:27 has no idea she video bombed a living legend
Graham Gonzo i wonder what she is up to today.
Robert Almeida looks like a guy with boobs. Most likley dead.
Hi
@Robert I bet she is also rich today !
Whos mom is that
Day one is his favorite concept for product development.
I think this guy is on to something i think he might be a millionaire someday
lol
Pingu!!
Am I reading a 20 yrs old comment?
He's on the empire business
Millionaire? Multi-Billionaire. Huge difference. Disgusting, really.
So he nails it here:
- 100% right on the growth and world changing impact of Internet usage
- Being specific about the impact for commerce and sales. E-commerce did not exist and would take a long time to mature. How he conceived that mental picture of the future is unbelievable.
- Being spot on with the attention scarcity. It got so much worse as we all know.
- making the right deduction and logical reasoning for starting out with books. It’s the numbers that gave him the insight. He did come out of a quantitative hedge fund. Emotion doesn’t matter, facts and data do
- already has a professional approach to online advertising, bannering and calculation ROI/ROAS and conversion. Google Adword and affiliatie marketing online had yet to be invented!
- Having the smart setup of keeping inventory of the most in demand items and connecting electronically with wholesale and third party publishers.
- being and remaining customer centric.
- capturing user data to create a better customer experience and better Amazon $$$
- clearly having a plan and execution power to go way beyond books and music.
This 5:30 minute clip contains more insights and knowledge than a whole year in business school
4:27 That lady had no idea how much money she walked by. XD
Lmao 😅
😂
He was married back then.
@@user-jg6xu1kk1i Didn't stop him going after that latina chick lmao.
HAHAHAHAHAHAHAHA
20 years later and he looks 21 years younger
nah he just doesn't look as chubby and dorky.
The glow up is real.
Selling your soul to the Devil has its benefits.
He has muscle
That’s what happens when you turn into a robot that lives forever.
This sounds like a 10 min convo you have at a bar with a random person and then at the end you walk away like “what the hell was that guy talking about?” hahaha
Yes the Guy who doesn't realize u give zero fucks about wtf he talking about for so long but you feel somewhat restrained and awkward to leave so u keep listening
😜😂😂😂😂
For the first time, that weird dude became a trillionaire
😭😭🤣🤣🤣🤣
The comment section is just the same comment rehashed by different people. 0% originality
This comment section is basically the same comment but in a different format by different human beings. Zero originality.
butwhat if you buy hair with just a millon dollars
Is this your first day on the internet?
Human bots
@@icookyorice1 no, but its probably yours
You're are gonna get divorced 22 years later. Brace for impact
He divorced her
Publicity stunt, divide and conquer
who cares? trump cheated on all his wives.....is that all you got on Bezo's???? I am sure you buy from Amazon.....
@@jeremypr he was being a good guy and warning him to protect himself why are you so angry and act like he was talking bad about him?
When you are in position of so much power and control over the world, tiny things like these don't matter. The world ceases to dissapoint you. You know you can just buy a solution. Everything is in your palm of your hands. You become God.
Attention is the most important commodity. Even more true today.
Antonio Rillera I was thinking the exact same thing.
Attention to my boner
Basic Attention Token, use brave browser
So true. Which is why facebook will thrive in the coming decades.
Poker1989 it already has 7 billion users think its at peak lmao
That baby in the background was a time-traveling assassin. Mission: Failed!
Shut up copier
EXPLAIN
This videos is like a flash-back in an anime when we see the time when the vilain character was still a nice and innocent person
When the villain hasnt been corrupted by power
Sound a lot like your typical Naruto villain.
Jeff Bezos isnt a villain, he's beautiful inside and out. People don't have to work at Amazon if they don't want to.
@@davidmoyes7010 I'm sure that's not what he meant lol
Interviewer : Hey how are You?
Jeff Bezos : Haha i’m Jeff Bezos !
i wonder how could no one notice that..lol
Glitch in the machine
He actually says "WHO" are U!
awkward
People upvoting this are deaf lol. 🦻
Who would’ve thought this fella was going to become the wealthiest person in the World, far more than Bill Gates. The interviewer certainly wouldn’t have.
Totally, this is how much of surprising life can be.
Bezos: The problem with that kind of advertising is that it’s very difficult to track
Google: I got this.
Hello I will like to know more about you.
He looks like the kind of guy who pitched Amazon to everyone at every family get together back in the 90's and not one person invested.
0:15 the laugh is like he already knew he was about to make millions by the end of the decade
Phil *billions
You miswrote billions
Young Bezos seems more human than young gates, young jobs and of course young zuck.
Well zuck ain't human. He's a lizord
Edit: a thicc lizord**
Young bezos why you trapping so hard
But all of them seem to have turned into robots
why you got a 120 car garage
young jobs was fly asf what do you mean?
He seemed more natural and genuinely happier in this interview compared to more recent ones.
he’s tired
that's what happens AFTER you fulfill your dreams but now what?
@@mordechairosenhan456 correct
Epic T I sincerely doubt that bothers him. Somebody so driven isn’t gonna be dragged down by what others think of him. It’s probably fatigue, his wife leaving him and that sort of thing
This was before he started working for the CIA
It looks like he’s on the verge of laughing his ass off the whole time
'haha I'm gonna be so fucking rich'
Hauhauhau.
It's called happiness
Bro he's geeked he smoked like 2 joints before this interview
YT: Let's show this man a video from the year he was born
same
Wow epic
you were born 6 years ago?
wtf
in 1997 he was already a millionaire his company was being publicly traded on the nyse
You mean nasdaq 👊🏾
@Nosferatu Zodd Nasdaq is the second largest stock exchange behind the NYSE. You're thinking of the NASDAQ Composite which is a stock market index. Amazon first started trading on Nasdaq in 1997 (year of this video).
almost in-time inventory... is dropshipping jeez. this guy was on it 23 years ago
The swedish and nowadays multinational company ginza invented this for over 65 years ago. So jeff stole the idea from them .
The chills this video gives me. He was destined for greatness.
everyone who watched this interview back then must be a billionaire by today!
As Mr. Bezos said, the path to success is to provide innovation that gives real value to the customer. I have probably bought somewhere between 500 and 1000 books from Amazon over the years. (And Abebooks, my number two online source for books, is wholly-owned by Amazon.) Like so many people, I miss a lot of the independent bookstores that have closed over the last 20 years but even the best of those stores rarely stocked more than 20,000 titles. Even 10,000 titles was high for most of those stores. Amazon offers millions. That, as Bezos noted, cannot possibly be replicated by a bricks-and-mortar store. Also, almost every book I have bought from Amazon would have cost me more if I had been able to locate it in a store. Many of the books I have are out-of-print, and locating them would have been nearly impossible. My library would have been effectively impossible to pull together without the incredible source we have in Amazon. I am grateful, and have no complaint that I have contributed to his $100,000,000,000 fortune. He has changed the world.
Yes well deserved yet people are upset with his success
- What happens if Amazon do something bad to you, so you decide to boycott them....your choice of millions of books suddenly isn't so convenient
At the end of the interview he was absolutely correct, the 90's was lit af.
yeah-and i wonder what i was doing in 96.oh well i was only 17 with not a clue on the power of the internet
4:27 4:44 4:55 I wonder where these people walking in the background are now and if they realize that they were in an interview (indirectly) with the world’s wealthiest person (as of July, 2020).
They are working for Amazon. 5$ per hour
T L funny, amazon has a minimum $15 hourly wage
@@connorendres4544 you wish
T L it literally is lmao. Dont believe me? look it up. Since november 2018, amazon has had a $15 minimum wage for all employees including part time, temporary, and seasonal workers. You dumb fuck dont comment on things you dont understand or know
I wouldn't care
"is a sort of a marketer's uh [pause to stop himself from saying wet dream] nirvana in a certain sense"
He had hair back then. The dude interviewing him must be telling everyone now that he interviewed the great Jeff Bezos. Hopefully he got some vibes from bezos and bought some stock. Else he might be suicidal now...
Vikram Ramanathan I did
LMAO
And now we know who lacks an understanding of why hes impressive other than his money.
Sounds like your jealous.
Do you have any idea how impossible it is to get Bezos type of rich?
I wonder if the people who walked past have watched this and recognize themselves
He’s already tracked them down and had them killed.
@@fo0l913 🤣🤣🤣🤔
He wss better back then,greed poisoned his soul.
What a dumb idea. It'll never take off. He'll be on the streets by 2020.
Dumb? He is the richest man on the planet today. How was his idea dumb?
Jan S Sounds pretty dumb to me. Why the interviewer even bothered to talk to this guy is beyond me...
The idea isn’t bad but his website name is ridiculous. Amazon? Whoever is going to remember that! Needs a rethink or his business will never take off.
I know right? Who would even want to buy this crap??
This guy is probably dead or a heroin addict. what a nerd.
“ I’m jeff bezos”
No you’re lex Luther
Lmaoo
Ur hot
@@TheGimicalFreek 💀
I thought it's zuck
luth0r .!!!! Not luther
I hope he made it.
MailGaming He was ironic. Man you are smart (now Im sarcastic)
MailGaming no shit sherlock
Lol
@MailGaming sarcasm
read it somewhere, though i didn't crosscheck, that professionally he and his companies were doing okay.
so i guess he must have at-least made it big enough to have a decent car, house and "some" bank balance
The fact that after 6 years this video has less than 2,000 views, but a girl twerking can get a million views in a year...explains why most people are poor, struggling our can't miss more than a couple of paychecks with out catastrophe. We prioritize the wrong things, starting from grade school.
This is boring business talk, but watching someone twerk & dance is way more easy and entertaining to consume.
People prioritize watching twerking because thats what the media prioritizes and the more its watched, the more it's presented. A positive feedback loop.
Wtf this dude was so many years ahead of his time. This inspires me
He spent a lot of talking about his company as a "book company". His real success came from his ability to evolve his company and serve customers in new and diverse ways rather than his insight into the book business.
Damn, a guy sells some books, next thing you know hes trying to go to the moon.
Crazy !!!
He seems so nice and gentile in this video....... He sure has changed. Just ask his employees.
Catherine Cote lol you’re dammmmmm right lol
Catherine Cote is amazon a bad place to work?
There is no getting rich unless you are sucking the blood of your employees. The margins have to come from somewhere!
@@BlackHawkDown2 that's bs. You can treat your employees well and still make a good profit. Less turnover that way and more motivated/happy employees that way too
bruh he worked for a hedge fund in the 90's those where not baby cuddlers.
I’ve owned Amazon stock for a while. Well-worth the investment!
Watched your videos , man you love yourself.
@Daniel. You lying POS. If I'm right, people who invested heavily early on Amazon, just don't go announcing it to the world.
Nerd
Your whole channel is an advertisement
@@joepapa6329 don't break a sweat over this guy. He's just another desperate sociopath too dumb to take advantage of his sociopathy.
Little did he know that he's gonna stop paying taxes fairly in about 20 years.
He pays his taxes in the form of employing thousands and thousands of people.
Creating jobs>paying taxes
@@Basketballerphx convenient!
@@grainfrizz poor!
@@trucker4472 nope work there and its brainless work i pretty much just go on autopilot for 15 bucks an hour, just a summer job for me though it sucks for all the people who blew off school and also didnt bother to learn a trade
@@Basketballerphx What a good little corporate minion you are.
This guy will never amount to anything
"The late 20th Century was really a great time to be alive on this planet."
*Me quarantined at home*
You're God damn right it was
good thing we are not in 20th century
5 years later a Billionaire is gonna say how one idea he got during quarantine made him a rich
@@acheron55 good thing he was talking about the past
@@acheron55 lol
FOR MOTIVATIONAL PURPOSES ONLY™️
the online ads business model, still the dominating business model for Google and Facebook today. This is amazing
Yeah, if the interviewer put $5000 in Amazon at the time of this interview, he would currently have $5.33 MILLION. Did he?
His manner of speaking is almost hypnotic. A positive, inquisitive mind on display.
he totally knew he was gonna have a great time on this planet.
“I am Jeff Bezos. HA-HA-HA. I am the found of Amazon.com.” - The Jeff Bezos bootup sequence .. 1997, the year Jeff Bezos came online
@0 1 What?
He’s a visionary, he doesn’t see something for what it is, he sees something for what it can be.
Jeff, I'm from the year 2019. I'm here to tell you to get a prenup!
How do you get an invisible pfp?
Hahahahahah 🤣🤣🤣
Clever, although McKenzie did a lot of the work in those early days.
Steven Greidinger How ???
I think she earned it 😂😂😂
Seems like a genuine, happy, intelligent guy wanting to provide value to people, he had a very clear vision
As odd as it seems, I agree with Bezos that this is a great time to be alive on this planet. The problems and crises are daunting, but the progress and opportunities are amazing.
Word up
Chad Kimberley I agree with u you man. I just think he’s referring to the actual time and space we are in comparing to other times and uhhhh don’t t let the suit confuse you in the pic. It was an interview for an entry level position 😭😭
The 90s were. The 2020s, not so much
@@jellyfrosh9102 Thought the same. Everything was possible back then. Now everything seems to be stuck at some point.
@@jandzoe9249 there was freedom and more happiness back then. Now the world is on edge, there's way too many people and new laws and it's only gonna get worse
Approached it as statistics. Books have over 3 million unusual selections.
I started buying rare books from Amazon in 1997. Even if it's just researching a title, Amazon will tell me if the Book exists and gives an ISBN number.
Gordon Franklin Terry books have over 3 million unusual selections. What?
1:15 - 1:25 He even warns us to still go shopping traditionally cuz he knows Amazon will inevitably take over
4:58 "It's an exciting place to be on the internet".
Someone in 2025 inside Metaverse: "You kidding, right?"
Money + hair = 0
Money = - hair
@@StevenAkinyemi 0-x=-x so 0-hair=-hair
???
@@pointlesslylukesplainingpo1200
I wasn't thinking straight last night. 🤦🏾♂️
Amazing -- 21 years later, spot on, and well rewarded! I love how Mr. Bezos always reminds people to follow their hearts, to realize their callings, to act on instinct, and to focus on the value they bring to the world. What a humble guy!
He’s an evil monster
*Clearly knows nothing about business. The future is coal, gold, salt, and silk; internet is just a fad - 2 years later nobody will be using it*
EDIT: I was wrong.
Can you please give me some money, Jeff? I'm homeless after the coal market crash.
Lol....
Totaly didn’t come in my recommendation years later