5 ms·
I observed these traits from a unique vantage point. Worked with the "world's biggest auction site" for 8 years since 2002. I remembered the pride the company
by hsshah 15y ago
I observed these traits from a unique vantage point.
Worked with the "world's biggest auction site" for 8 years since 2002. I remembered the pride the company had about it being profitable from Day 1 and the dismissal of Amazon for not turning any profit for so many years. The company had strict quarterly goals and any decision, no matter how appropriate, if it hurts the quarterly goals was discarded.
Comparing this myopic view with Amazon's patience, stubbornness and customer focus; it's no wonder that Amazon went from half to more than double the market cap of my previous company.