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Founder's Journal

4 Lessons From Inside Jeff Bezos's Brain

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.81.1K Ratings

🗓️ 18 June 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

Today I talk about 4 timeless lessons from Amazon’s 1997 letter to shareholders that established the principles for building an empire. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Before we hop into the episode, I'm going to ask you for one favor.

0:03.4

If you listen to Founders Journal on Apple podcasts, smash the follow button.

0:07.6

And if you listen to it on Spotify, smash the follow button as well.

0:11.2

And finally, if you love this show, please tell a friend to check it out,

0:15.0

wherever they listen to their podcasts. Now onto the show.

0:19.4

What's up, everyone? This is Alex Lieberman, co-founder and executive chairman of Morning Brew.

0:24.3

Welcome back to Founders Journal, my personal audio diary, where I give you

0:28.8

the business builder, the tools you need to think better in order to build better,

0:33.1

whether that's building a business, a team, or a new product.

0:37.2

Today, I'm talking about timeless lessons learned from the letters of Jeff Bezos.

0:42.8

Let's hop into it.

0:45.9

Jeff Bezos is one of the greatest entrepreneurs of our time. He's been building Amazon

0:50.0

for the last 26 years. And one of the most amazing things about Jeff Bezos

0:55.9

is we, as builders, have the ability to study his brain from 26 years of writing letters

1:03.1

to shareholders of the company. I'm going to walk you through four of the most impressive lessons

1:08.8

we can all glean from the 1997 letter, the first public letter that Bezos wrote to Amazon shareholders.

1:17.7

Lesson one, the words that you use matter. This first letter written in 1997 has

1:24.5

1,617 words. And the most used word that isn't a preposition or conjunction is customer.

1:33.7

It occurs 25 times in the letter, just about 1% of all words.

1:38.8

What you say as a leader matters a ton. It focuses you and it focuses the people who look to you

1:45.7

for guidance. People may argue whether Jeff Bezos' primary goal in building Amazon was serving

1:53.2

customers or building the company into a trillion dollar empire. But regardless of the answer

...

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