Amazon Web Services

Acquired

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Business opportunities often encompass asymmetric upside potential, allowing for high payoffs despite a high likelihood of failure. Embracing risk and making bold bets is crucial, as significant successes can cover the costs of numerous failed attempts. In contrast to baseball, where outcomes are limited, business endeavors can yield disproportionately large returns, particularly in unconstrained markets. Jeff Bezos exemplifies this approach, demonstrating strong capital allocation skills that lead to exceptional venture outcomes. His insight into market dynamics and willingness to pursue unconventional investments, such as AWS, illustrates the value of embracing long tail returns in entrepreneurship and investment.

So, how DID an online book retailer end up building the infrastructure layer that powers the entire internet? (Or at least 39% of it, per latest market share data.) While many myths, legends, and some downright falsehoods exist, the real answer to that question deserves a full Acquired episode of its very own. So here it is: the story of Amazon Web Services. Who’s got the truth? Tune in and find out. :)

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‍Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.