Amazon.com

Amazon. No company has impacted the internet - and all of modern life - more than this one. We’ve waited seven years to do this episode, and are so, so excited to finally dive into every nook and cranny of this legendary company. And of course because we’re Acquired and this is Amazon, we couldn’t contain it all to just one episode… even a 4+ hour one! So today we focus on Amazon.com the retail business, and we’ll have another full episode on AWS coming soon. And because all great series are trilogies, to fully understand Amazon we highly recommend starting first with our previous episode on Walmart, which truly is the giant’s shoulder that Jeff Bezos stood upon. Let’s go!!
• Walmart
*Big News*
We've got merch! Check it out at www.acquired.fm/store !
If you want more Acquired, you can follow our newly public LP Show feed here in the podcast player of your choice (including Spotify!):
pod.link/acquiredlp
Sponsors:
Thank you to our presenting sponsor for all of Season 11, Fundrise! If you’re considering raising a growth round of capital in the next year, you should definitely explore raising some of it with the Fundrise Innovation Fund. Just email [e-mail], and tell them Ben & David sent you. And if you’re an individual looking for exposure to private growth-stage technology companies, you can invest in the Innovation Fund here:
bit.ly/acquiredfundriseinnova...
Thank you as well to Pilot and NZS Capital:
bit.ly/acquiredpilot22
bit.ly/acquirednzscomplexity
You can register for the NZS Talkback here:
us02web.zoom.us/meeting/regis...
Links:
Jeff’s first public Amazon interview
• Jeff Bezos 1997 Interview
Our early-Acquired-days interview with Tom Alberg
www.acquired.fm/episodes/epis...
Episode sources:
docs.google.com/document/d/12...
Carve Outs:
Rick Rubin on the Lex Fridman Podcast
lexfridman.com/rick-rubin/
Ursula Le Guin
www.amazon.com/Ursula-K.-Le-G...
Dissect Season 2 on My Beautiful Dark Twisted Fantasy
dissectpodcast.com/2017/08/01...
Elden Ring
en.bandainamcoent.eu/elden-ri... (again)
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.

[@nonames3744]

A suggestion, while taking names of companies, people, places you can include photos of those people or places or companies logo, it will become more immersive, and will be helpful in shorts as well.

[@azndreamerboy]

41:20 disintermediation 44:00 book industry 55:00 regret minimization framework 1:05:00 sales tax implications 1:07:40 naming 1:11:45 shel 1:12:30 oracle 1:13:45 web vs email 1:25:50 drop shipping 1:26:30 distributor hack 1:29:20 logistical differences vs WMT 1:32:30 john d of sequoia 1:33:50 series A 1:37:45 john d superpower 1:40:15 amzn learning from failures 1:43:25 ipo rationale 1:44:15 long tail books 1:59:20 walmart 1:59:55 distribution 2:03:49 bnn failure 2:05:44 transformation 2:06:20 key people 2:07:33 copying wmt 2:08:22 fulfillment over distro centers 2:09:22 moat

[@justinpfortier]

Very grateful for the Walmart setup before this. After both of brad’s books and reading all the shareholder letters and assorted Jeff talks in “invent and wander” I wasn’t sure how much new info there would be in this - but y’all crushed it, great Barnes and noble snippets and discussion of Amazon’s “float”

[@AcquiredFM]

Thanks, Justin!

[@joshdemers2075]

Fantastic job Ben and David! Loving these long form episodes! Can't wait for episode 2.

[@nitin276]

I just came across this podcast….. GREAT JOB guys! I am a former Amazon manager and spent 8 yrs on the retail and logistics side of the business and i am also a big Bezos fan. Really appreciate the great level of detail!

[@Alemanote]

Wow what a great podcast, just discovered it, looking forward for more! Congrats

[@ArjunSoota]

great episode guys .. you got to cover amazon in india in the next episode !!

[@tonimontana5153]

Thank you for this EXCELLENT content!!!👍👍👍

[@ahuels67]

Used Amazon back in the books only day for College textbooks. I bet their sales just to college students was huge. Especially aince each textbook was stupid expensive

[@ahuels67]

One thing i have seen over the past couple years in traveling around the US is that Amazon is still putting in fulfillment centers all over the place yet. I wonder how close they are to being happy with the number of FCs they have around the country?

[@RaisedMedia]

Great video as always!

[@df4196]

To find out why watch this 4 hour podcast

[@ahuels67]

Will Amazon have a Playstation moment/product? Does it even need one at this point?

[@ahuels67]

Wow, just realized im watching this exactly 1 year after it had come out lol

[@Mostly_bad]

Love this podcast. It’s funny how the banter has aged. Both an FTX and Ye comment!😢

[@kaustubhkasar]

Why don't you guys put timestamp in your podcast? Anyways great contest and fantastic intro song

[@supafly8]

Wondering the same. But being an investor I would feel bad for not listening to the whole thing anyway

[@andreybakalenko2378]

Guys. You rock!

[@lucianoferreyra7744]

@acquired Amazing stuff!!!! Is truly enjoyable every time I listen to your episodes. Quick question at 2:20:18 you mentioned someone called "Greg London" or "Greg Lyndon", I'm really interested in learning more about this as I'm developing an auction web3 platform and every detail to learn for me is super interesting. I'd greatly appreciate to receive that clarification! Thank you guys! Keep doing your thing!!! Luciano here, from Buenos Aires, Argentina ✊🏼

[@mohamedadany]

Two interesting points I learned about Bezos from this podcast (1) Bezos became billionaire first because of Google then later from Amazon: Bezos' connection to Ram Shriram led to Bezos investing a $250K in Google, turning into $230M at the 2004 IPO. (2) Bezos' grandfather worked in nuclear energy, and I assume that his wealth 25K acres, provided a safety net for Bezos to quit his job and start Amazon.

[@timchapman1998]

What a great podcast dudes

[@dataneeds]

The connection between the Tesla founders to Bezos and then later Musk is insane 😅

[@Blastmaster-ej5kw]

holy shiiiiiiittt!!! the kings are back at it!

[@nevik2]

I enjoy the video podcast format. Will you do it again?

[@AcquiredFM]

Good question! It's a ton of work to produce on a tight turnaround, so we've been prioritizing ones that are more visually interesting (i.e. live show, or when we're in the same room as a guest recording).

[@timchapman1998]

What a great podcast

[@randystafford4561]

Vapor canister vent solenoid for 2003 kia sedona sx

[@lolibz09]

1:50:00 Deutsche bank story

[@marysmith6250]

Medicine

[@HighPorte]

The next massive boom will come with automation of jobs.

[@DanielThomasArgueta]

🤓

[@andrewschell5313]

I bought firestick, need code for firestick

[@timchapman1998]

What a great podcast