‘We determined long-term relations with many critical vital partners, including America Online, Yahoo!, Excite, Netscape, GeoCities, AltaVista, @Home, and Prodigy.’
That’s an mention from Jeff Bezos’s minute to Amazon
AMZN, -0.60%
shareholders 20 years ago. Nowadays, it reads like an internet graveyard.
The letter, that was posted Wednesday on a Big Picture blog, not usually provides a good wander down memory line for those who lived by a dot-com bubble, though it’s also a covenant to how ridiculously distant Amazon has come from a early days.
Obviously, Bezos nailed it early:
“From a beginning, a concentration has been on charity a business constrained value. We satisfied that a Web was, and still is, a World Wide Wait,” he wrote. “Therefore, we set out to offer business something they simply could not get any other way, and began portion them with books.”
He afterwards laid out some extraordinary statistics, generally noticed by today’s lens.
- Sales grew 838% in 1997 to $147.8 million. In 2016, income strike $136 billion.
- Accounts rose 738% in 1997 to 1,510,000. They surfaced 300 million by 2015.
- Amazon had 614 workers in 1997. Now, that series is staid to strike 500,000.
You get a idea.
Check out a whole minute here:
