Ben Gilbert: belief

Transcript context

…It also applies even today when you talk about new projects or initiatives at Amazon or other companies. I know Jeff likes to say it often takes 10 years to prove it. So after you go public, it’s equally important to, one, continue to innovate. Don’t stop innovating just because you feel like you’re at the top of the mountain. You’re not going to survive if you don’t keep innovating and the others maintain that long-term thinking. An IPO gives you the opportunity to do that because you then have the money to do it, you have to somewhat ignore what the market is doing though. That’s another important part after you go public, I think. It’s interesting you bring up Amazon today as a – Just an observation from the outside. One trend that I think we can observe from Amazon is actually doing corporate innovation well. I’ve long held this belief that every really great company has one multibillion dollar innovation in them, and it’s usually their founding insight. They build that business and they try desperately to build other ancillary businesses around it. Some are bigger and some are smaller. Sometimes you get a Microsoft that has an office and the windows but usually – Google. Not that there aren’t great businesses within Google, but it’s search.…

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