Sumary of Jeff Bezos made decisions at Amazon based on 5 key principles, according to a former board member:
- A new book reveals the rules Amazon founder Jeff Bezos used to make the company a success.
- Tom Alberg, an ex-Amazon board member, wrote the book, which detailed Bezos’ “Day 1” philosophy.
- It also discussed how Bezos overcame the company’s early struggle to attract investment.
- Jeff Bezos led Amazon to mammoth success by using a particular set of principles when he needed to make important decisions for the company.
- The principles were discussed in a new book, “Flywheels: How Cities Are Creating Their Own Futures,” by Tom Alberg, a former board member at Amazon.
- Alberg – now a managing director of Madrona Venture Group, a Seattle-based venture firm he founded – was an early investor in Amazon.
- Back in 2019, Alberg said no one wanted to invest in the company’s first funding round because they expected what was then a fledgling online books startup to be “murdered” by Barnes &
- Bezos ultimately convinced Alberg to invest because he had a thorough, focused business plan and strong initial results, Alberg wrote in the book.