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What Does Strategically Patient Mean to Jeff Bezos?

Ethan Evans says "strategically patient, tactically impatient" was a Jeff Bezos idea. Important things take a long time. Putting people in space still takes years of rockets, a base, and software, even when the vision is right. Prime is the other example. Two-day shipping, then one-day, then same-day, is decades of work. You have to be patient about the end.

You do not get to be patient about today. Every day has to produce every bit of progress you can squeeze out. The difference between a day that is a nine and a day that is a ten, one thing finished versus three, is what accumulates. Bezos pushed people on what else they could do this quarter on a five-year project. A five-year project is 20 quarters, and Evans says you cannot lose one of them. A 10-year view with an easy day never gets there. He wanted the team working hard every day.

Transcript

Ex-Amazon VP tells us what it’s really like working with Jeff Bezos ·

My First Million

More from this episode

  1. Why Did Jeff Bezos Only Give Criticism?Ethan Evans says Jeff Bezos was not mean, but he was demanding, and he almost never said anything good. He would hear an idea and name the three things to fix.
  2. Why Did Jeff Bezos Ship the Fire Phone?Ethan Evans says Jeff Bezos fell into the flaw of every great man.
  3. Why Did Jeff Bezos Call a Team the B Team?Ethan Evans says Jeff Bezos once stopped a meeting and asked whether the A team for the project was available, because the people in the room were clearly the…
  4. Why Did Jeff Bezos Trust Anecdotes Over Data?Ethan Evans says Jeff Bezos kept his Amazon email open to the world.
  5. Why Did Jeff Bezos Send Question Mark Emails?Ethan Evans says a question mark email was how Jeff Bezos scaled customer obsession when he was too busy to investigate every complaint.
  6. Why Do High Performers Feel Bad at Amazon?Ethan Evans says Amazon talked about the hours in euphemisms. Jeff Bezos's line was that he did not like "work-life balance." He preferred "work-life harmony."
  7. How Much Did Ethan Evans Make at Amazon?Ethan Evans says his target pay in his last year at Amazon was $900,000. The stock usually did better than the target, so he tended to make a low $1 million.
  8. Did Jeff Bezos Want Amazon to Become a Bank?Ethan Evans says Jeff Bezos always declined pitches to turn Amazon into a bank. People kept pitching finance because Bezos came from D. E.
  9. Who Invented Amazon Prime?Ethan Evans says two people claim Amazon Prime. Charlie Ward, then a principal engineer and later a VP, says he invented it.
  10. Why Does Amazon's Website Look Ugly?Sam Parr uses Amazon as the example of bad design beating good design. A fashionable designer thinks good design means colors and a flat layout.
  11. Who Did Jeff Bezos Quote About the Stock Market?Ethan Evans says the person Jeff Bezos quoted a lot was Benjamin Graham, the investor Warren Buffett also follows.

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