Sunday 30 September 2012

JEFF BEZOS - FRUITS OF ADVENTURE!

Jeffrey Bezos was born in Albuquerque, Mexico on January 12 1964. He is a CEO and founder of Amazon.com one of the pillars of internet commerce today.   Bezos graduated from Princeton university in 1986 with a degree in computer science and electrical engineering.After a few years in New York as a financial analyst, Bezos moved to Seattle and founded Amazon.com in 1994. Through innovation and sheer business savvy, Bezos built up Amazon.com and became one of the world's richest people in the process. Named Time magazine's Man of the Year in 1999, Bezos became a celebrity entrepreneur, known for his buoyant personality as much as his financial know-how. With Bezos at the helm, Amazon.com weathered financial ups and downs and expanded from selling books and CDs to a wide variety of consumer goods. In 2000 Bezos helped found Blue Origin, a side project whose goal is to build reusable rocket ships to encourage tourism in outer space.
while still in school Jeff and his girlfriend started up a dream institute were they charged 600$ per pop,after college he also became an employee at a start up company called Fitel. This job had him flying between New York and London frequently.
He later quit and got a job with banker's trust which he almost quit to create a news by fax service with Harsley Minor (owner of CNET)but instead he decided to join D.E SHAW's hedge fund. Finally he decided to quit and then founded amazon.com .
During a long walk in central park, Shaw tried to convince Jeff out of quitting  but jeff couldnt get over the fact that internet was growing 2400% per year.He decided he'd rather try and fail at a startup than never try at all.
In Seattle ,Jeff and his first employee SHEL KAPLAN decided to start up amazon.com in a garage. They built the site around huge digital catalogs. For a while an analyst had called the company "amazon.bomb" because it was totally down but amazon had hopes of surviving because of two reasons, "users always came  to the site in big numbers and Jeff didnt make any promises apart from a long time vision.As time has gone by, Amazon has kept going up it has expanded from selling books to almost everything ,music,music videos, and also its own  the amazon kindle.
He is currently having a net worth of over $23.2 billion. He is now the largest internet retailer of any kind reporting over $48 billion sales in 2011. He continues to involve himself in side projects that bring out his adventurous side.

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