The three most important things in retail are location, location, location. The three most important things for our consumer business are technology, technology, technology.
Jeff BezosWeb 1.0 was making the Internet for people, Web 2.0 is making the Internet better for companies.
Jeff BezosOn the Internet, companies are scale businesses, characterized by high fixed costs and relatively low variable costs. You can be two sizes: You can be big, or you can be small. It's very hard to be medium. A lot of medium-sized companies had the financing rug pulled out from under them before they could get big.
Jeff Bezos