#282 Jeff Bezos Shareholder Letters

**David Senra** (0:00)
I want to tell you about a one time only limited event that I don't think you're going to want to miss. I am doing a live show with Patrick O'Shaughnessy from the Invest Like the Best podcast in New York City on October 19th. Patrick has interviewed over 300 of the world's best investors and founders for his podcast. I've read over 300 biographies of history's greatest entrepreneurs for my podcast. We'll be talking about what we learned from seven years of podcasting, sharing our favorite ideas and stories, and doing a live Q&A. There will also be special event-only swag. If you live in New York City, I think it's a no-brainer. But if not, I think it's a great excuse to fly in. I've already heard from a bunch of people that bought tickets, they're flying in from other cities. Some people are flying in from other countries. That's setting the bar really high, so I will have at least four shots of espresso or four energy drinks before or during the show so we can make it a night that you'll never forget. If you're interested in attending this unique live event, I will leave a link down below. I highly recommend you get your tickets today, and I hope I get to see you in New York on October 19th. The presenting sponsor of this episode is Tiny. Tiny is the easiest way for you to sell your business. They provide straightforward cash exits for founders. Last week, you and I talked about the clarity of thought and the beautiful simplicity of Steve Jobs' thinking. If you have not gone to tiny.com yet, I highly recommend you do. It is one of the best designed websites I have ever seen. I think Steve Jobs would approve. What Tiny offers, the service they provide, is very easy to understand. If you have a business that you want to sell now or in the future, you get in touch with Tiny. They respond within 48 hours. They'll give you an offer in seven days, and then they close in one month. On their website, you'll clearly see the kind of businesses they are looking for. And one thing I want to mention that I have not mentioned in past ads for Tiny is that I know there's a lot of venture capitalists that also listen to this podcast. There may be businesses in your portfolio that you know are not going to get funded again, but would make wonderful, profitable internet businesses. Tiny wants to hear about those opportunities as well. So make sure you go to tiny.com. Their website does an absolutely fantastic job of explaining exactly what they offer.
Two quick things before I jump into this episode. Do me a favor, as you're listening to this podcast right now, whatever podcast player that you are listening to this in, please search real quick for Invest Like the Best and make sure you follow that show. It is one of my favorite podcasts. I listened to it for years before I actually met Patrick. Patrick is now a good friend of mine. Me and him think exactly alike in terms of what is the opportunity for on-demand audio for professional education for entrepreneurs and investors. I recently joined Patrick's podcast network called Colossus. He has been unbelievably helpful in exposing more people and bringing more attention to Founders podcast. I know a lot of people listen to Founders, listen to Invest Like the Best as well, but if you don't already listen to Invest Like the Best, make sure you follow. I will tell you the episode you can start with, which is the episode I did with him.
It's called David Senra, Passion and Pain. It is episode 292
Listen to that episode in case you want to know why this strange big headed guy is sitting in a room by himself reading all these biographies for years, going to some of the main themes of what I've learned, going to my background. Patrick's just an excellent interviewer. That podcast went viral this year and really changed my life. And now let's get into Jeff Bezos' Shareholder Letters.
It's all about the long term. Jeff Bezos' first Shareholder Letter, 1997
This is day one for the internet and if we execute well, for Amazon. Today, online commerce saves customers money and precious time. Tomorrow, through personalization, online commerce will accelerate the very process of discovery. Amazon uses the internet to create real value for its customers. And by doing so, hopes to create an enduring franchise, even in established and large markets.
We have a window of opportunity as larger players marshal the resources to pursue the online opportunity, and as customers, new to purchasing online, are receptive to forming new relationships.