Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
16 Aug 2022 Acquired Amazon.com
“I think his realization is, okay, if eBay has grown really fast and there's a way to get something rarer, cheaper, or something, we have to be in business doing that, too.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 16 Aug 2022
- Publisher
- Acquired
- Episode
- Amazon.com
Transcript context
…Of course they are. Jeff has all these quotes about how the customers, and I think this is in the 1998 letter, maybe the 1999 letter. "We believe that our customers are very loyal up until the moment that there is a better way for them to solve their problems than buying from us." That's off the top of my head. It's not exact, but it's close. I think his realization is, okay, if eBay has grown really fast and there's a way to get something rarer, cheaper, or something, we have to be in business doing that, too. This is Amazon's first very expensive failed experiment with Amazon Auctions. After the meeting, Jeff Bezos turns to Jeff Blackburn and was like, auctions could be the future, we're going to start a secret project to clone eBay within Amazon. It's almost like the Book Predator with Barnes & Noble, except they're actually competent.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.