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Startup Archive
Stack Overflow founder Joel Spolsky breaks down what made Amazon “the best company in the world”
In this 2013 interview, Joel breaks down Jeff Bezos’s process for inventing new companies:
“The Amazon strategy is to constantly try to find the moving parts in the business and break them apart.”
He continues:
“They have 37 businesses and everybody looks at them and says, ‘These are unrelated businesses.’… But this is the new business model: I’ll start with a bookstore, and I’ll just break off every little single piece that I can find, and I’ll make them all compete as if they were independent businesses… This is Jeff Bezos’s mitosis - his system for inventing new companies.”
It is through this process that Amazon has created AWS, Mechanical Turk, Fulfillment, and dozens of other businesses. AWS alone generated almost $100 billion of revenue last year and comprises 17% of Amazon’s total revenue.
Joel contrasts this to the strategies of other tech giants:
“What’s Yahoo’s system for inventing new companies? I don’t know, I’ll buy something really popular - that’s all I can figure out. What’s Microsoft’s? I don’t even know. Google was like, let’s make 20% time and people will do random stuff.”
Video source: @twistartups @jason (2013)
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Stack Overflow founder Joel Spolsky breaks down what made Amazon “the best company in the world”
In this 2013 interview, Joel breaks down Jeff Bezos’s process for inventing new companies:
“The Amazon strategy is to constantly try to find the moving parts in the business and break them apart.”
He continues:
“They have 37 businesses and everybody looks at them and says, ‘These are unrelated businesses.’… But this is the new business model: I’ll start with a bookstore, and I’ll just break off every little single piece that I can find, and I’ll make them all compete as if they were independent businesses… This is Jeff Bezos’s mitosis - his system for inventing new companies.”
It is through this process that Amazon has created AWS, Mechanical Turk, Fulfillment, and dozens of other businesses. AWS alone generated almost $100 billion of revenue last year and comprises 17% of Amazon’s total revenue.
Joel contrasts this to the strategies of other tech giants:
“What’s Yahoo’s system for inventing new companies? I don’t know, I’ll buy something really popular - that’s all I can figure out. What’s Microsoft’s? I don’t even know. Google was like, let’s make 20% time and people will do random stuff.”
Video source: @twistartups @jason (2013)
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Startup Archive
RT @mikemcg0: Jeff Bezos's "mitosis" for inventing new companies
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RT @mikemcg0: Jeff Bezos's "mitosis" for inventing new companies
Stack Overflow founder Joel Spolsky breaks down what made Amazon “the best company in the world”
In this 2013 interview, Joel breaks down Jeff Bezos’s process for inventing new companies:
“The Amazon strategy is to constantly try to find the moving parts in the business and break them apart.”
He continues:
“They have 37 businesses and everybody looks at them and says, ‘These are unrelated businesses.’… But this is the new business model: I’ll start with a bookstore, and I’ll just break off every little single piece that I can find, and I’ll make them all compete as if they were independent businesses… This is Jeff Bezos’s mitosis - his system for inventing new companies.”
It is through this process that Amazon has created AWS, Mechanical Turk, Fulfillment, and dozens of other businesses. AWS alone generated almost $100 billion of revenue last year and comprises 17% of Amazon’s total revenue.
Joel contrasts this to the strategies of other tech giants:
“What’s Yahoo’s system for inventing new companies? I don’t know, I’ll buy something really popular - that’s all I can figure out. What’s Microsoft’s? I don’t even know. Google was like, let’s make 20% time and people will do random stuff.”
Video source: @twistartups @jason (2013) tweet
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Stock Analysis Compilation
Horos AM on Noah Holdings $NOAH US
Thesis: Noah’s pivot to shareholder-friendly policies and global expansion marks a turning point for its undervalued stock
(Extract from their Q3 letter) https://t.co/YEUYTuBHHm
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Horos AM on Noah Holdings $NOAH US
Thesis: Noah’s pivot to shareholder-friendly policies and global expansion marks a turning point for its undervalued stock
(Extract from their Q3 letter) https://t.co/YEUYTuBHHm
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Quiver Quantitative
RT @InsiderRadar: Last month, we reported on an insider purchase of $EL while the stock was near its 52-week low.
Since then, the stock has been gaining slowly but steadily, and is now up 27%. https://t.co/RcvRhOYfm7
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RT @InsiderRadar: Last month, we reported on an insider purchase of $EL while the stock was near its 52-week low.
Since then, the stock has been gaining slowly but steadily, and is now up 27%. https://t.co/RcvRhOYfm7
🚨 JUST IN: New Insider Purchase
A director of $EL just reported the purchase of ~$10M of the company's stock.
This is the director's second multimillion dollar purchase within the last week. tweet
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Stock Analysis Compilation
Artisan Partners on UPS $UPS US
Thesis: UPS offers strong cash flows and an attractive dividend despite short-term headwinds and undervalued potential
(Extract from their Q3 letter) https://t.co/1bvZPN4F9K
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Artisan Partners on UPS $UPS US
Thesis: UPS offers strong cash flows and an attractive dividend despite short-term headwinds and undervalued potential
(Extract from their Q3 letter) https://t.co/1bvZPN4F9K
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Quiver Quantitative
Marjorie Taylor Greene made a large purchase of Tesla stock right before the election.
$TSLA has now risen 61% since then. https://t.co/BVeEX48eDf
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Marjorie Taylor Greene made a large purchase of Tesla stock right before the election.
$TSLA has now risen 61% since then. https://t.co/BVeEX48eDf
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Capital Employed
FRESH OFF THE PRESS 🔥
Investor interview #103 with John Davenport @JohnJSCap from J&S Capital @JandSCap
John does a deep dive into a US small cap trading well under its NAV + much more.
You can read the full interview here 👇
https://t.co/EsyO05HhgC https://t.co/r2kRJbrrvA
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FRESH OFF THE PRESS 🔥
Investor interview #103 with John Davenport @JohnJSCap from J&S Capital @JandSCap
John does a deep dive into a US small cap trading well under its NAV + much more.
You can read the full interview here 👇
https://t.co/EsyO05HhgC https://t.co/r2kRJbrrvA
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Stock Analysis Compilation
Loomis Sayles on Adyen $ADYEN NA
Thesis: Adyen’s industry leadership, secular shift to digital payments, and margin expansion potential position it for long-term growth at a discounted valuation
(Extract from their Q3 letter) https://t.co/8isGv7mbYr
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Loomis Sayles on Adyen $ADYEN NA
Thesis: Adyen’s industry leadership, secular shift to digital payments, and margin expansion potential position it for long-term growth at a discounted valuation
(Extract from their Q3 letter) https://t.co/8isGv7mbYr
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Startup Archive
Mark Zuckerberg on how to avoid bad hires when your startup is growing quickly
As Mark explains, every fast-growing startup will repeatedly face the choice: “Do I hire the person who’s in front of me now because they seem good?” or “Do I hold out to get someone who’s even better?”
Mark offers his personal heuristic for founders facing this choice:
“The heuristic that I always focused on for myself and my own kind of direct hiring, that I think works when you recurse it through the organization, is that you should only hire someone to be on your team if you would be happy working for them in an alternate universe. I think that works, and that’s basically how I’ve tried to build my team.”
He continues:
“I’m not in a rush to not be running the company, but I think in an alternate universe where one of these other folks was running the company, I’d be happy to work for them. I feel like I’d learn from them. I respect their general judgment. They’re all very insightful. They have good values… I think if you apply that at every layer in the organization, then you’ll have a pretty strong organization.”
Video source: @lexfridman (2023)
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Mark Zuckerberg on how to avoid bad hires when your startup is growing quickly
As Mark explains, every fast-growing startup will repeatedly face the choice: “Do I hire the person who’s in front of me now because they seem good?” or “Do I hold out to get someone who’s even better?”
Mark offers his personal heuristic for founders facing this choice:
“The heuristic that I always focused on for myself and my own kind of direct hiring, that I think works when you recurse it through the organization, is that you should only hire someone to be on your team if you would be happy working for them in an alternate universe. I think that works, and that’s basically how I’ve tried to build my team.”
He continues:
“I’m not in a rush to not be running the company, but I think in an alternate universe where one of these other folks was running the company, I’d be happy to work for them. I feel like I’d learn from them. I respect their general judgment. They’re all very insightful. They have good values… I think if you apply that at every layer in the organization, then you’ll have a pretty strong organization.”
Video source: @lexfridman (2023)
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Stock Analysis Compilation
Lindsell Train on Nintendo $7974 JP
Thesis: Nintendo’s thoughtful console transition strategy, expanding global footprint, and increased digitalization of software sales position it well for long-term growth.
(Extract from their Q3 letter) https://t.co/ngvHKy8ChO
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Lindsell Train on Nintendo $7974 JP
Thesis: Nintendo’s thoughtful console transition strategy, expanding global footprint, and increased digitalization of software sales position it well for long-term growth.
(Extract from their Q3 letter) https://t.co/ngvHKy8ChO
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