Evidence receipt / preference
Published · transcript-backedBen Gilbert: preference
6 Sept 2022 Acquired Amazon Web Services
“I'm only interested in the ones people are making fun of, because the whole point of venture capital is seeking these crazy asymmetric longtail returns.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- preference
- Recorded
- 6 Sept 2022
- Publisher
- Acquired
- Episode
- Amazon Web Services
Transcript context
…Yeah. This is the year after he makes the market size unconstrained comment about AWS. I just think it's such a perfect illustration. A lot of people make fun of certain venture capital investments. I'm only interested in the ones people are making fun of, because the whole point of venture capital is seeking these crazy asymmetric longtail returns. I think Jeff Bezos got that better than most VCs do. He's a phenomenal, high beta capital allocator. In running a company, he was also a very good operational CEO and also an actual genius. All of these things, there are lots to say about Jeff Bezos. He's absolutely a genius. He's absolutely a brilliant operator. But maybe even more than these things, he just gets capital allocation. That's why I think Amazon is effectively the highest performing venture returns in history. AWS is a venture bet in their portfolio that they own 100% of. Also that quote, what did he say? "In baseball, you have truncated returns"?…
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