Jeff Bezos on Innovation and Entrepeneurship

by Sam Dean - Jun. 16, 2009Comments (0)

Commercial open source companies of all stripes could take a few lessons from Amazon founder and CEO Jeff Bezos' comments here. In order for innovative ideas to bear fruit, companies need to be willing to “wait for 5-7 years, and most companies don’t take that time horizon,” he said in an interview at the Wired Business Conference. "People overemphasize their failures when trying something new," he added. "Actually failure is not that expensive and it’s part of work." Check out the rest of this thoughts at GigaOm. 

 


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