Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
6 Sept 2022 Acquired Amazon Web Services
“When the "AWS IPO," which I think Ben Thompson coined that term. It happened in 2015.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 6 Sept 2022
- Publisher
- Acquired
- Episode
- Amazon Web Services
Transcript context
…In 2014, Jeff Bezos wrote the annual memo that comes out, a letter to shareholders and said, "I believe that AWS’s market size is unconstrained." That was the point at which it was a year before they broke out AWS's financials, and I think it was a $6 billion run rate business. When the "AWS IPO," which I think Ben Thompson coined that term. It happened in 2015. That was when they reported Q1 2015 earnings. That point in time, AWS had a $6 billion revenue run rate. It was probably like a $4 billion business. When Bezos is like, wow, this thing, I think it's unconstrained, it's nuts. The real story here is Amazon discovered a new unregulated public utility that they could generate enormous margins on.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.