#388 Jeff Bezos's Shareholder Letters!

Founders

David Senra

Steve Jobs, Founders, James Dyson, Company Builders, Technology, Henry Ford, Elon Musk, Business Professional Biography, How I Built This, The History Of Entrepreneurship, Jim Clark, Entrepreneurship, Entrepreneurs, History, Founder, Business Autobiography, Jeff Bezos, Entrepreneur, Biography, Biographies Of Entrepreneurs, Biographies, Business, Business Biography

4.8 • 1.5K Ratings

🗓️ 13 May 2025

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

"To read Jeff Bezos’s shareholder letters is to get a crash course in running a high-growth internet business from someone who mastered it before any of the playbooks were written." That is the best description of Bezos's letters I have ever read. I just finished rereading these letters for the 4th or 5th time. With clear thinking and ferocious intelligence, Bezos provides a masterclass in building a customer-obsessed, enduring franchise. With relentless repetition Bezos teaches us about the importance of invention, risk-taking, wandering, differentiation, technology, judgement, high-standards, customer obsession, long-term orientation, and why value trumps everything.

Transcript

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0:00.0	I will be in New York City on May 27th doing a live show.
0:02.8	I will be interviewed by my friend Patrick O'Shaughnessy at Ramps Headquarters.
0:06.9	The event is free to attend.
0:08.1	I will leave a link down below so you can register.
0:11.6	I'll be doing several live events at Ramps headquarters over the next 12 to 24 months.
0:15.4	So even if you can't make this one, make sure you register.
0:18.1	So you'll be notified on the next one. This event isn't reserved for RAMP's customers, but future events will be because
0:24.7	space is limited.
0:25.8	So if you aren't already running your business on Ramp, you really should be.
0:29.0	I run my business on Ramp.
0:30.0	Most of the top CEOs and founders that I know do so as well.
0:33.1	And I actually think there's an idea from Jeff Bezos's shareholder letters that I think is related to this
0:37.5	and really just good advice for anyone in business. And it's Jeff's idea on the importance of heavily
0:42.9	investing in introductions to new customers. As you're about to hear, Jeff was very clear from the
0:48.8	start that he was going to build an enduring long lasting business. He was not interested at all
0:53.8	in building an undifferentiated
0:55.5	commodity business. He wanted to build something to deliver value to customers more than anyone else in
0:59.4	the world, and he believed he could succeed that goal better than anyone else. And as you hear on this
1:04.4	episode, that if you believed what Jeff believe, then you too would do what Jeff was doing. He believed
1:10.6	he was building a winning system. And if you're doing that, then you too would do what Jeff was doing. He believed he was building a winning
1:12.3	system. And if you're doing that, then it makes a lot of sense to say this. This is what Jeff wrote in one of
1:17.4	his very first shareholder letters. We will continue to invest heavily in introductions to new customers.
	...

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