Jeff Bezos

You haven't really solved the cost problem. And maybe you haven't really moved the state of the art forward. All this has to be about moving the state of the art forward. There are easier businesses to do. I always tell people, look, if you are trying to make money, start a salty snack food company or something. You write that idea down. Make the Lex Friedman potato chips. Don't say it.

You haven't really solved the cost problem. And maybe you haven't really moved the state of the art forward. All this has to be about moving the state of the art forward. There are easier businesses to do. I always tell people, look, if you are trying to make money, start a salty snack food company or something. You write that idea down. Make the Lex Friedman potato chips. Don't say it.

You haven't really solved the cost problem. And maybe you haven't really moved the state of the art forward. All this has to be about moving the state of the art forward. There are easier businesses to do. I always tell people, look, if you are trying to make money, start a salty snack food company or something. You write that idea down. Make the Lex Friedman potato chips. Don't say it.

But yeah, it's hard. You see what I'm saying? It's like there's nothing easy about this business, but it's its own reward. It's fascinating. It's worthwhile. It's meaningful. And so I don't want to pick on salty snack food companies, but I think it's less meaningful. At the end of the day, you're not going to have accomplished something amazing, even if you do make a lot of money out of it.

But yeah, it's hard. You see what I'm saying? It's like there's nothing easy about this business, but it's its own reward. It's fascinating. It's worthwhile. It's meaningful. And so I don't want to pick on salty snack food companies, but I think it's less meaningful. At the end of the day, you're not going to have accomplished something amazing, even if you do make a lot of money out of it.

But yeah, it's hard. You see what I'm saying? It's like there's nothing easy about this business, but it's its own reward. It's fascinating. It's worthwhile. It's meaningful. And so I don't want to pick on salty snack food companies, but I think it's less meaningful. At the end of the day, you're not going to have accomplished something amazing, even if you do make a lot of money out of it.

Yes, it's one of humanity's grand challenges. And especially as you look at going to the moon and going to Mars and building giant O'Neill colonies and unlocking all the things. You know, I won't live long enough to see the fruits of this, but the fruits of this come from building a road to space, getting the infrastructure. I'll give you an analogy. When I started Amazon,

Yes, it's one of humanity's grand challenges. And especially as you look at going to the moon and going to Mars and building giant O'Neill colonies and unlocking all the things. You know, I won't live long enough to see the fruits of this, but the fruits of this come from building a road to space, getting the infrastructure. I'll give you an analogy. When I started Amazon,

Yes, it's one of humanity's grand challenges. And especially as you look at going to the moon and going to Mars and building giant O'Neill colonies and unlocking all the things. You know, I won't live long enough to see the fruits of this, but the fruits of this come from building a road to space, getting the infrastructure. I'll give you an analogy. When I started Amazon,

I didn't have to develop a payment system. It already existed. It was called the credit card. I didn't have to develop a transportation system to deliver the packages. It already existed. It was called the postal service and Royal Mail and Deutsche Post and so on. So all this heavy lifting infrastructure was already in place and I could stand on its shoulders and

I didn't have to develop a payment system. It already existed. It was called the credit card. I didn't have to develop a transportation system to deliver the packages. It already existed. It was called the postal service and Royal Mail and Deutsche Post and so on. So all this heavy lifting infrastructure was already in place and I could stand on its shoulders and

I didn't have to develop a payment system. It already existed. It was called the credit card. I didn't have to develop a transportation system to deliver the packages. It already existed. It was called the postal service and Royal Mail and Deutsche Post and so on. So all this heavy lifting infrastructure was already in place and I could stand on its shoulders and

And that's why when you look at the internet, you know, it, by the way, another giant piece of infrastructure that was around in the early, I'm taking you back to like 1994, people were using dial-up modems and it was piggybacking on top of the long distance phone network. That's how the internet, that's, you know, how people were accessing servers and so on. And,

And that's why when you look at the internet, you know, it, by the way, another giant piece of infrastructure that was around in the early, I'm taking you back to like 1994, people were using dial-up modems and it was piggybacking on top of the long distance phone network. That's how the internet, that's, you know, how people were accessing servers and so on. And,

And that's why when you look at the internet, you know, it, by the way, another giant piece of infrastructure that was around in the early, I'm taking you back to like 1994, people were using dial-up modems and it was piggybacking on top of the long distance phone network. That's how the internet, that's, you know, how people were accessing servers and so on. And,

Again, if that hadn't existed, it would have been hundreds of billions of capex to put that out there. No startup company could have done that. And so the problem you see in – if you look at the dynamism in the internet space over the last 20 years, it's because you see like –

Again, if that hadn't existed, it would have been hundreds of billions of capex to put that out there. No startup company could have done that. And so the problem you see in – if you look at the dynamism in the internet space over the last 20 years, it's because you see like –

Again, if that hadn't existed, it would have been hundreds of billions of capex to put that out there. No startup company could have done that. And so the problem you see in – if you look at the dynamism in the internet space over the last 20 years, it's because you see like –

two kids in a dorm room could start an internet company that could be successful and do amazing things because they didn't have to build heavy infrastructure. It was already there. And that's what I want to do. I'd take, you know, my Amazon winnings and use that to build heavy infrastructure so that the next generation

two kids in a dorm room could start an internet company that could be successful and do amazing things because they didn't have to build heavy infrastructure. It was already there. And that's what I want to do. I'd take, you know, my Amazon winnings and use that to build heavy infrastructure so that the next generation