At 30, Jeff Bezos quit his job to start Amazon.

He did so because he did not want to be 80 and regret not doing what he really wanted to do.

Thread — Lessons on startups, career and life:
In 1994, Amazon took off as an online bookseller. But it didn't just start with books.

It started with books and a long-term vision.
Today online shopping is an obvious alternative to shopping in the physical world. But back in the early 90's, few had heard about the internet.

Think about this:

When Jeff Bezos was trying to raise money for Amazon, most investors would literally ask,

"What's the internet?"
Still, more than his being early to the internet scene, what I appreciate the most about Jeff Bezos is his obsession with the long-term.

His idea was basically to deliver value using the internet. Books were just a start.
So why books, and not anything else?

Jeff Bezos could have picked anything. Online commerce would still save its customers time and money. But in the early internet days, such value could easily be offset against the many costs of adaptation.
Books offered the ideal differentiation.

Jeff Bezos explains,

“There are more items in the book category than there are items in any other category by far. And when you have that many items you can literally build a store online that couldn't exist any other way.”
Almost 20 years later, in 2014, Peter Thiel would talk extensively about this much-needed differentiation in "Zero to One." If you haven't read it already, do it now.

"Every business is successful exactly to the extent that it does something others cannot," writes Thiel.
Amazon went public in 1997. In his first letter to shareholders, Jeff Bezos would capture the essence of everything that went before and would come after with a simple statement,

"It's all about the long-term."
I'll discuss the many tenets of his long-term thinking in my next take.

Till then here's what we can learn from Jeff Bezos:

1. For every opportunity in business or life, ask: Would you regret not doing this?
2. Do what only you can do.
3. Start small.
4. But dream big.
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For those who haven't subscribed yet, do it now and I'll deliver the content that matters directly to your inbox.

Thanks for reading, have a great day.

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More from @sumitgrrg

3 Jul
Jeff Bezos' 2017 letter to Amazon shareholders is a masterclass in writing.

Bezos prefers writing over PowerPoint.

Thread — A writing hack to help you succeed in your career: business, startups, marketing, life, and more.
To write good you need two things:

Recognition and scope.

Recognize what good writing looks like.

Set real expectations for 'how much work it will take' to write that good.
Most writers recognize high standard but set a wrong expectation on scope.

They believe that a good piece can be written in 1-2 days. When in reality, it should take at least a week.

Warren Buffett once said:

“You can't produce a baby in one month by getting 9 women pregnant.”
Read 6 tweets
2 Jul
Business school? I don't know.

I'd rather listen to Steve Jobs all day.

A thread on startups, entrepreneurship, marketing, investing, career, and life:
Figure out what your customers are going to want before they do.

Reporter: What market research did you do for the Macintosh?

Steve Jobs: Did Graham Bell did any of that before he invented the telephone?

Think different.
Make progress by elimination.

Jony Ive says, "To be truly simple, you have to go really deep.

You need to understand the product to get rid of the non essentials."

Apple = Clean design, simple taste.
Read 7 tweets
25 Jun
What if Steve Jobs, Bezos, Musk, and the likes got together to teach business?

Even the top MBAs will line up.

A thread on startups, entrepreneurship, investing, career, life, and whatnot:
Make decisions fast / Jeff Bezos

Most decisions should be made with around 70% of the information.

If you wait for 90, you're being slow.

Get good at course correcting and being wrong will be less costly than being slow.
Do a few things well / Steve Jobs

Deciding what not to do is as important as deciding what to do.

"We all have a short period of time on this earth. We probably only have the opportunity to do a few things really great and do them well."
Read 8 tweets
15 Jun
Five common logical fallacies

1. False dilemma
2. Circular reasoning
3. Tu quoque
4. Ad hominem
5. Sunk cost

Recognizing them is a competitive advantage. Here's a short guide:
False dilemma:

An argument where only two choices are presented yet more exist.


Would you rather hate your job for the rest of your life or follow your passion?
Circular argument:

Starting from an assumption and using it as a means to justify the conclusion.


Aliens exist, but we haven't found them because their tech is so advanced.
Read 7 tweets
14 Jun
Robert Iger was the 6th CEO of Disney.

He negotiated with the likes of Steve Jobs to acquire businesses such as:

1. Pixar — $7.4 Billion
2. Marvel — $4 B
3. Lucasfilm — $4.05 B
4. 21st Century Fox — $71.3 B

Here are 9 startup and leadership lessons I've learned from Iger:
Long shots aren’t really that long.

"People sometimes shy away from big swings because they build a case against trying something before they even step up to the plate."

"Boldness has magic in it." — Goethe
Good enough is not good enough.

"Don’t be in the business of playing it safe. Be in the business of creating possibilities for greatness."

Perfection is not accepting mediocrity.
Read 11 tweets
6 Jun
Five valuable mental models

1. Gates' Law
2. Parkinson’s Law
3. The Paradox of Choice
4. Hanlon's Razor
5. Leverage

On startups, business, finance, investing, career, life and whatnot.

Here's a quick guide/refresher:
@BillGates' Law.

We overestimate what we can do in a year and underestimate what we can do in ten years.

It's the classic instant gratification versus long term mindset.

A ten year timeline will set you free.
Parkinson’s Law.

Work expands to fill the time available for its completion.

"How can you achieve your 10 year plan in the next 6 months?" — Peter Thiel

Forgive me for putting it right after Gates' Law. But why not?
Read 7 tweets

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