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Jeff Bezos Speaks About Amazon’s Failures, Evolution And $1-Billion Investment On Indian SMEs

Jeff Bezos Speaks About Amazon’s Failures, Evolution And $1-Billion Investment On Indian SMEs
Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks at the National Press Club in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)
6 years ago
Amazon founder and Chief Executive officer Jeff Bezos has arrived in India and is slated to speak at the Sambhav event around 10:15 a.m. Bezos, however, is facing a bitter welcome as the country's antitrust regulator initiated a formal investigation just hours before his arrival and trader bodies comprising millions of infuriated small store owners announced demonstrations.

Climate change is something that will take collective action from people all around the world, Bezos said.

Highlighting that over the past 10-20 years, people have refused to acknowledge the reality, Bezos said "anybody today who is not acknowledging that climate change is real and that we humans are affecting this planet in a very significant and dangerous way, those people are not being reasonable."

Amazon recently took the Climate Pledge - which is to reach the goals of the Paris Accord 10 years early, the e-commerce giant’s founder said. Amazon is going to use 100 percent sustainable electricity by 2030, has recently announced the acquisition of 100,000 electric delivery vehicles and that we will eliminate all plastic by June 2020, he added.

E-Commerce giant Amazon will invest an incremental $1 billion towards digitizing small and medium businesses in India, Jeff Bezos said, reminding the audience that Amazon too, at one point, was a small business.

He also aims to use Amazon's global footprint to export $10 billion worth Make in India goods by the year 2025. “We are super excited about this and all the thanks and hardwork goes to Amit and his team,” he said.

Bezos here is talking about the Amazon Marketplace. It is an e-commerce platform owned and operated by Amazon that enables third-party sellers to sell new or used products on a fixed-price online, along with Amazon’s regular offerings.

The platform already has over 10 lakh third party sellers enrolled, Agarwal said.

One success and one winner can pay for dozens and dozens of failure. And that’s why you should fail.
Jeff Bezos, Founder & CEO, Amazon

  • Amazon will invest an incremental $1 billion to digitise small and medium businesses in India
  • Will use Amazon's global footprint to export $10 billion worth of made in India goods by 2025
  • The dynamism, the energy, the people; this country has something special. And it's a democracy. This is going to be the Indian century.
  • And the most important alliance of the 21st century will be the alliance between India & the U.S.
  • Anyone who is not acknowledging climate change, is not being reasonable.

Make sure you’re hiring people - not only those who you can teach - but also those who are going to teach you things and that they can be your tutors. That has been the secret to Amazon all along the way.
Jeff Bezos, Founder & CEO, Amazon

I would be an extremely happy software programmer somewhere.
Jeff Bezos, Founder & CEO, Amazon

“What happened over the last 25 years was way beyond my expectations. I remember taking packages myself 25 years ago. We were selling books. We were hoping to build a company but not a company like what you see today. Everything was one step at a time.”

I wanted to not have any regrets. I pictured myself 80 years old and thinking back on my life at a quite moment of reflection. Would I regret leaving this company in the middle of the year and walking away from my annual bonus? All these things can be very confusing in the moment. What I did know is that I had this great Idea, and if I don’t try, I will regret never having tried. And I know also, that if I try and fail, I’ll never regret having tried and failed.
Jeff Bezos, Founder & CEO, Amazon

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