Interesting way for Amazon to play the free OTT game:
Amazon is expected to announce a free, ad-supported video service with libraries of past TV shows and movies. The offering, which is similar to The Roku Channel and Hulu, will let advertisers use Amazon’s first-party data to target advertising.
— Read on www.cnbc.com/2018/10/01/amazon-planning-new-free-video-service-compete-tv-dollars.html
Surprised to hear a good article on Forbes.
Jeff Bezos, the Amazon founder, has built the most innovative and feared juggernaut of the 21st century—and every industry is now fair game.
— Read on www.forbes.com/sites/randalllane/2018/08/30/bezos-unbound-exclusive-interview-with-the-amazon-founder-on-what-he-plans-to-conquer-next/
Last year’s pick was Netflix. Makes sense – the operating system video.
Now he is picking Spotify – essentially the operating system for audio. Makes sense, and this is why they shouldn’t mess around with video at all.
Awesome read. I hope Amazon takes Whole Foods global.
How Amazon Plans To Use Whole Foods to Dominate the Retail Industry | Fortune:
The very thing that makes grocery delivery hard—that food goes bad—is the reason it’s so desirable to a company like Amazon. Because cheese grows mold and meat goes rancid and milk sours, consumers can’t hoard it in their cupboards or refrigerators indefinitely as they might toilet paper or laundry detergent. As a result, the average family hits the supermarket at minimum once a week; there’s nothing else you purchase or consume so much or so often. For Amazon, getting in on that frequency is critical to further ingraining itself in our routines and behaviors. “Food is the platform for selling you everything else,” says Walter Robb, the former co-CEO of Whole Foods. “It’s an everyday way into your life. There’s nothing else that happens quite that way.” Amazon’s quest is therefore about much more than just food.
Interesting read – don’t know much about Lee Fixel.
He made some coin on this though.
It seems to me if that if the founders were left alone on FlipKart – none of this would have ever happened.
Still remains to be seen what a post WalMart world will look like.
How Lee Fixel, Flipkart’s godfather in New York, changed India’s start-up ecosystem – Livemint
Depending on the final details, Fixel could make more than $3.5 billion on an investment of less than $1 billion, and still retain a 4-5% stake in Flipkart. That’s a stunning return by any measure. For the exit-starved Indian market, it’s almost beyond belief.
This is so good. Every founder should stop and watch this.
The focus on the consumer above everything else is such a good lesson.
It is also just great listing to his view on criticism, making mistakes and long term planning.
And the slight work/life balance speech at the end is spot on.
Jeff is pretty amazing.
Jeff Bezos interview with Axel Springer CEO on Amazon, Trump, Blue Origin, family, regulation – Business Insider