Jeff Bezos Success Story

Jeff Bezos:

Jeff Bezos was born on 22 January 1964 in Mexico. When he was born his parent are still teenagers. After one year his mother Jacklyn and his father Ted Jorgensen got divorced. Then his mother remarried with Miguel Bezos. He is 4 years old at that time. When he was growing up he love taking apart toys and putting them back together.
Jeff attended the River Oaks Elementary School in Houston from the fourth to sixth grade. As a child, he spends his summer on his grandparent's ranch. When he lived there he also do varied tasks. He helped fix windmills, vaccinate cattle’s and many other things.
Jeff's grandfather is a huge role model for him with a lot of science knowledge and having ranch.
Bezos started his first small business at school. It was the dream institute and it was an educational summer camp for fourth, fifth, and sixth grades. There were some books that Bezos required to read is participants to read.
After some time his family moved to Florida and he transferred to Miami palmetto senior high school. Here in this school, he realizes his love for computers. He was also invited to participate in the student science training program at the University of Florida, where he won a Silver Knight Award in 1982.
During his high school he worked at MacDonald’s he worked the backflipping burgers and that was not the only thing he learned. This job gives him the opportunity to learn about customer service.He once said:

“You can learn responsibility in any job if you take it seriously. You can learn a lot as a teenager working at MacDonald’s. It’s different from what you learn in school. Don’t underestimate the value of that”.

“I learned basically everything I’ve ever needed to know about customers”.

He was an excellent student so after finishing high school he go to college to become a theoretical physicist. He couldn’t do the questions like other students and he had a really hard time doing algebra. He was a smart boy but still, it was just too difficult for him. One time he unsuccessfully spent 3 hours on a Math problem. At that moment he realized that he was never going to become a great theoreticalphysicist. Then at that time, he made a lifetime decision to switch his major to computer science.
He planned to study physics at this university but then decided to do computer. In 1986 he graduated from Princeton University with a 4.2 GPA and a Bachelor of Science in Engineering degree (B.S.E) in electrical engineering and computer science.
After graduating, Bezos went to Wall Street, where computer science was increasing in the demand, and worked in several firms.
After Bezos graduated from college he was offered many jobs at Intel, Bell Labs, and Andersen Consulting, among others. He first worked at fitel and here they give him the task of building a network of international trade. Working at a fitel had him flying between New York and London every week. Then he go to the banking industry he becomes the product manager at a banker's trust. He worked there from 1988 to 1990. Then in 1990, he joined D.E Shaw and he work there from 1990 to 1994. Bezos become the fourth senior vice president of D.E Shaw.
In late 1993 Jeff Bezos decided to open an online book store so he left the jobs of D.E Shaw in 1194. He moves to Seattle. First, he makes the decision by making a list of possible products that he could sell with the help of the internet.
Jeff Bezos thinks that Seattle is the best place for the new business he managed to secure 1 million dollars from his friend and family and start his new business in a garage.
On 5 July 1994, he made the company with the name Cadabra. After one year he decide to change his company name after his lawyer misheard it as a cadaver. Jeff also registered many domains such as Awake.com, Browse.com, Bookmall.com, and Retenless.com. Then Jeff sees that letter A is the first letter so the name with the letter A would appear sooner when the customers conduct the online search. So he decides on the name Amazon for this online book store. Amazon is also the name of the largest river.

“If you double the number of experiments you do per year you’re going to double your inventiveness.”

“Life’s too short to hang out with people who aren’t resourceful.”

When he took the money from his friends and family he also warned them that there are a 70% chance that Amazon would fail and go bankrupt. Amazon is a book store but Bezos also planned it for other products.
In 1998 Bezos expand the products of the company such as music and video and by the end of the year, he expanded the company including a variety of consumer goods. In 2000 he borrowed 2 billion dollars from the bank as his cash balance is only 350 million dollars. In 2002 Bezos led to launch the Amazon web services. In 2007 Jeff Bezos launch Amazon kindle.
In 2008 Jeff Bezos wish to create a device that provide the flow state in reading similar to the experience of the video games. In 2013 Bezos made a contract with Central Intelligence Agency on the behalf of Amazon web Services. In the October of 2013 Amazon was recognized as the largest online shopping platform.
Jeff Bezos not only founded Amazon but in 2000 Bezos founded the aerospace manufacturer and the sub-orbital spaceflight company name Blue Origin. Blue Origin launch a New Shepard vehicle which reaches into space in 2015 and afterward it becomes successfully landed black on earth. The company has upcoming plans to begin commercial suborbital human spaceflight. He also purchased a major American newspaper The Washington Post for 250 million dollars and manages many other investments through his venture capital firm, Bezos Expeditions.

“There are two kinds of companies, those that work to try to charge more and those that work to charge less. We will be the second.”

“One of the only ways to get out of a tight box is to invent your way out.”

“Work hard, have fun and make history”.
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Jeff Bezos Success Story

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