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RE: Web3: The Amazon Model

in LeoFinancelast year

I am really digging this recent Amazon analogy of yours. Many folks overlook the fact that they began as an online bookseller. Most of their original infrastructure (and what later became AWS) was to accommodate the selling of books.

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Yep. They really have expanded into areas that few expected. What makes it so powerful is they leverage things against each other for greater gains in value for the totality of their ecosystem.

It also took them six years to turn a profit. The fella was nothing if not dedicated.

6 years? Amazon was basically walking the line of lack of profitability for 20 years. It was only in the last 6 that it exploded.

Market share is what the company was after. Now, AWS is the largest component of its profitability, not the retail.

So it is a great lesson on who to proceed, at least from a mental framework standpoint. We look at building Web3 options, we will be better positioned.

Yeah six years and I think it was barely out of the red and into the black. That was still in the book selling period I believe.

EDIT: Yes it is an awesome model for Web3 in many ways... hence why I like the analogy.