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RE: Web3: The Amazon Model

in LeoFinance • last year

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.

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         last year (edited)

        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.

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