#princeton

Yahoo Finance | Jeff Bezos Delayed Launching Amazon Because He Realized He'd Probably 'Know Nothing' By The Time He Turned 70: Here's What He Did Instead Before building one of the world's most valuable companies, Jeff Bezos chose patience over impulse—delaying entrepreneurship to better understand business and the world. After graduating from Princeton in 1986, Bezos briefly considered launching a startup with friends. But he ultimately stepped back, believing he lacked the experience needed to succeed. Speaking at the Academy of Achievement in 2016, Bezos said he decided it would be "smarter to wait and learn a little bit more about business and the way the world works." Bezos believed that young people often overestimate their understanding. "It's very hard to believe when you're 22 or 23 years old that you don't already know everything," he said. He added that he could only imagine that by the time he turned 70, he would realize he knew nothing—a perspective that pushed him to prioritize learning over rushing into entrepreneurship. This mindset of humility and continuous learning became a cornerstone of his approach to business and innovation. Instead of founding a company right away, Bezos joined a New York startup focused on financial networks and later worked at firms including Bankers Trust. He spent years working at the intersection of computing and finance, eventually entering the world of quantitative trading, where algorithms executed stock trades. While working on Wall Street, Bezos discovered that internet usage was growing at an astonishing rate—about 2,300% annually. That insight led him to launch Amazon in 1994 as an online bookstore. Amazon went public in 1997 at $18 per share and has since grown into a company with a market capitalization of over $2 trillion. Bezos stepped down as CEO in 2021 and currently has a net worth of $232 billion, according to the Bloomberg Billionaire Index. Read more: https://finance.yahoo.com/markets/stocks/articles/jeff-bezos-delayed-launching-amazon-123108731.html #jeffbezos #amazon #princeton #wallstreet #onlinebookstore