

(IHP) Amazon's Founding Part 1
Jul 3, 2023
Explore the groundbreaking rise of Amazon and its founder, Jeff Bezos. Delve into the early struggles of e-commerce and consumer skepticism toward online shopping. Discover how Bezos transitioned from finance to launching the internet's biggest bookstore out of a garage. Learn about the pivotal decisions that shaped Amazon's focus on customer service and variety. The journey captures the essence of the digital revolution that transformed retail forever.
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E-commerce Adoption Lag
- Widespread e-commerce adoption lagged years behind the web's mainstream emergence.
- Consumer trust was a major hurdle, with credit card use online being a significant concern in the early 1990s.
No Prior E-commerce Model
- The internet had no history with commerce before 1994 due to legal restrictions.
- Early e-commerce pioneers had few prior examples to learn from when the web commercialized.
Bezos's Upbringing
- Jeff Bezos, born in 1964, had a unique upbringing.
- His father was a circus performer, and his stepfather, a Cuban immigrant, worked for Exxon.