2001 Letter - The Flywheel Evolves
Manage episode 337308400 series 3173675
The 2001 Letter. Jeff discusses how Amazon has hit a point where both growth and cost reductions can be funded. Then he details how the relationship between the two of them creates a virtuous loop. It's the beginning of the infamous Flywheel!
Lastly, he reiterates why Amazon focuses on cashflows.
23 odcinków