Invest Like the Best with Patrick O'Shaughnessy

Dan Rose - How Stunning Founders Operate - [Invest Like the Best, EP.316]

604 snips
Feb 14, 2023
Dan Rose, Chairman of Coatue Ventures, brings a wealth of experience from his time at Amazon and Facebook, where he collaborated with tech giants like Jeff Bezos and Mark Zuckerberg. He discusses the transformation of the Kindle and the innovative leadership strategies that fueled its success. Rose emphasizes how constraints can spark creativity and the critical role of strong partnerships in tech. He shares insights on navigating product launches at Facebook, illustrating the balance between user feedback and engagement, alongside his thoughts on mentorship and investment strategies.
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ANECDOTE

Kindle's Origin

  • Dan Rose's career break came when Steve Kessel asked him to build the Kindle at Amazon.
  • Jeff Bezos wanted to create a digital book platform to avoid being disrupted like with the iPod and physical music.
ANECDOTE

Kindle's Challenges

  • Bezos insisted on three difficult things for the Kindle: vast selection, eye-friendly screen, and magical wireless downloads.
  • Rose's task was to secure book publishers' support for digital formats, even without revealing the Kindle's existence initially.
ANECDOTE

Free 3G and Constraints

  • Bezos insisted on free cellular downloads for Kindle, despite the cost.
  • After multiple failed attempts to make the math work, the team barely found a solution, proving Bezos's vision correct.
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