Sunday, July 25

Risks

Amazon, Amazon Echo, Amazon Fire Phone, Bets, Business, Careers, Failures, Finance, Fire Phone, Jeff Bezos, Markets, Retail, Risk, Risks, Strategy, Tech Insider

Jeff Bezos believes multibillion-dollar failures are actually a good thing:’If the size of your failures isn’t growing, you’re not going to be inventing at a size that can actually move the needle’

As Amazon's CEO, Jeff Bezos said he made big bets that sometimes ended as, "multibillion-dollar failures." This view lines up with Bezos' approach to life: Failure is better than never having tried at all. Bezos will step down as Amazon's CEO on Monday, July 5. Visit the Business section of Insider for more stories. What's the point in making billions if you can't make a multibillion-dollar mistake every now and again?According to Amazon CEO Jeff Bezos, those types of failures are actually critical to Amazon's success. "Amazon will be experimenting at the right scale for a company of our size if we occasionally have multibillion-do...