jeff bezos mark bezos summit 2017

  • Amazon’s CEO and founder Jeff Bezos joined his younger brother Mark Bezos at Summit 2017 in Los Angeles in early November to discuss life as kid and dish out advice to the entrepreneurial set.
  • Bezos revealed some surprising anecdotes: he spent his childhood summers working on a ranch with his grandfather and he never checks his phone at the dinner table.

Earlier this month, Amazon CEO Jeff Bezos sat down with his younger brother, Mark, for a revealing conversation at Los Angeles’ Summit 2017, a conference that gathers prominent thinkers focussed on entrepreneurship. The two brothers reflected on their family, the years they spent as children in Texas, and their grandfather, who figured as a source of inspiration for both. The elder Bezos brother, who founded the online retail giant now valued at $550 billion, dished out advice for entrepreneurs and recounted several amusing anecdotes from his childhood.

Want to learn how to be resourceful? Spend your summers working on a ranch.

As a kid, Bezos spent his summers working on his grandfather’s ranch in South Texas. Bezos describes his grandfather as an introspective man who was infinitely resourceful and self-reliant, two qualities which Bezos believes have vastly contributed to Amazon’s success as a company.

“The whole point of moving things forward is that you run into problems and failures,” Bezos said. “Things don’t work, you have to back up and try again. Each time you back up and try again, you’re using your resourcefulness, you’re using self reliance. You’re trying to invent your way out of a box.”

Inventing your way out of box, says Bezos, is largely a matter of trial and error. Bezos described how the addition of third party selling business on Amazon called Amazon Auction was unsuccessful in its early years, but through a year-and-half-long experimentation Read More Here