Belfast Telegraph

Sunday 26 October 2014

The quiet man behind an Amazonian monster

The passing of Steve Jobs left a cavernous void at the top table of tech entrepreneurs.

But Richard L Brandt makes the case that Amazon founder Jeff Bezos is the equal, if not the better, of the late Apple boss.

The geekish Bezos could never match Jobs's consummate showmanship yet he has tenaciously but quietly built Amazon into a hydra-headed monster whose tentacles reach into every corner of the internet.

As Jobs, Bill Gates and virtually everyone else struggled to get their heads round the internet's potential in the mid-1990s, Bezos saw an opportunity, not just to make his fortune, but to change the world. With a string of successful businesses behind him, the 31-year-old set up Amazon in 1995 just as millions of people moved online.

Bezos picked book retailing, not because of any particular passion for literature, but because it looked the business in which he could rake in the most money.

But, as Brandt explains, Bezos was not your typical greedy dotcom boss, eager to cash in at the earliest opportunity.

Bezos's bravura extended to his mission statement: "To be Earth's most customer-centric company." He intended to put the customer first even if it cost Amazon revenue in the short term.

True to his word, Bezos spent the next six years ploughing billions into the company as part of his plan to "get big fast", racking up huge losses financed by Wall Street investors besotted by the darling of the internet.

Amazon survived the dot-bomb of 2001 - just - and a chastened Bezos refocused the company for profitability. But his courage soon returned and Amazon began expanding again to the point where it is now one of the world's biggest retailers.

Unfortunately for Brandt, Bezos refused to co-operate with the book, so One Click offers a sketchy portrait of the man behind the brand.

We learn of his early entrepreneurial skill - setting up a summer school before he went to university at Princeton.

In fairness, Brandt - a former writer for Business Week - interviewed many of Bezos's colleagues, who describe him a driven man, difficult to work for but possessed of relentless energy and invention.

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Nightlife Galleries

More

Latest Food and Drink News

Latest Motoring News