Quotables

Steve Levy: Going back to disruptive internet companies from 1990s - "could an established company have understood how to build a great internet company?"

Bezos: "One of the statistics I saw in 1994 that encouraged me to start Amazon was that net usage was growing 2300% a year. But it was still tiny...

One of the biggest problems with big companies doing clean sheet innovation is that even if you see it, you have to be a really long term thinker, because for a long time it will be a tiny slice of the company....

The key thing is to be willing to wait 5, 7, 10 years. And most companies aren't willing to wait ten years.

There are more quotables in this post, than in most!

But what really strikes me, is Bezo's contention that entrepreneurs should be basing their business strategy on things that aren't going to change.

Of course, we all know that ... right.