Jeff Bezos Reveals What Went Through His Mind When He Left A Job In New York And Decided To Start Amazon

In a podcast posted on Thursday, tech YouTube Lex Fridman interviewed Amazon.com, Inc. AMZN and aerospace company Blue Origin’s founder Jeff Bezos, who spoke to him about multiple things, including what went through his mind when he founded the e-commerce giant. 

What Happened: During the interview, Fridman asked Bezos, “What was going through your mind,” after leaving a cushy job in New York. “Were you excited? Were you scared?”

In response, the former CEO of Amazon said he was excited, scared, and anxious. At the time, he thought that the “odds of success were low” and even told the early investors that he thought the chances of success were merely 30%. 

See Also: Jeff Bezos Makes $23,833.34 Each Minute — Enough To Buy Multiple Rolex Watches Every 60 Seconds

“Every startup company is unlikely to work. It’s helpful to be in reality about that, but that doesn’t mean you can’t be optimistic. So you kind of have to have this duality in your head,” he said. 

The e-commerce behemoth founder went on to say that he has loved and found Amazon exciting since 1994 when it was founded. However, that doesn’t mean that Amazon didn’t have its fair share of pain and problems. 

“There’s so many things that need to be resolved and worked and made better,” he stated, adding, “But on balance, it’s so fun. It’s such a privilege. It’s been such a joy. I feel so grateful that I’ve been part of that journey.”

You can watch the complete interview here: 

Why It’s Important: Amazon was founded on July 5, 1994, and today it has a market cap of $1.537 trillion. The company went public on May 15, 1997 at the price of $18 a share. 

If a person had invested $1000 in Amazon when the company had gone public, today they would have gained $1,520,062.9, much more than an ETF tracking Nasdaq or S&P 500 stocks.

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