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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,902 --> 00:00:03,136 [projector whirring] 2 00:00:04,271 --> 00:00:06,841 [epic music] 3 00:00:17,150 --> 00:00:18,953 ASTRONAUT: Five, four... 4 00:00:19,119 --> 00:00:20,420 Command engine start. 5 00:00:20,522 --> 00:00:22,790 Two, one. Ignition. 6 00:00:22,957 --> 00:00:24,324 [rocket powering on] 7 00:00:28,462 --> 00:00:30,798 [engine rumbling] 8 00:00:39,507 --> 00:00:41,475 WOMAN: Oh, yeah, look at her go! 9 00:00:41,643 --> 00:00:43,723 Mission control has confirmed New Shepard has cleared 10 00:00:43,811 --> 00:00:46,781 the tower on her way to space from Launch Site One 11 00:00:46,881 --> 00:00:50,685 in the west Texas desert with Mannequin Skywalker on board. 12 00:00:53,021 --> 00:00:55,523 [gentle music playing] 13 00:00:55,657 --> 00:00:57,357 JEFF: I was born into great wealth. 14 00:00:57,491 --> 00:00:59,226 Not monetary wealth, 15 00:00:59,359 --> 00:01:00,995 but the wealth of a loving family. 16 00:01:01,629 --> 00:01:04,364 A family that fostered my curiosity 17 00:01:04,966 --> 00:01:07,001 and encouraged me to dream big. 18 00:01:09,336 --> 00:01:13,741 My mom, Jackie, had me when she was 17 years old. 19 00:01:15,843 --> 00:01:19,914 My dad's name is Miguel. He adopted me when I was four. 20 00:01:21,549 --> 00:01:24,117 He was 16 when he came to the United States 21 00:01:24,251 --> 00:01:27,487 from Cuba, shortly after the Castro Regime. 22 00:01:30,324 --> 00:01:32,392 My dad didn't speak English 23 00:01:32,527 --> 00:01:34,862 and he did not have an easy path. 24 00:01:34,996 --> 00:01:38,098 What he did have was grit and determination. 25 00:01:38,866 --> 00:01:41,201 Together, with my grandparents, 26 00:01:41,368 --> 00:01:43,037 these hard-working, 27 00:01:43,170 --> 00:01:46,040 resourceful, and loving people made me who I am. 28 00:01:50,745 --> 00:01:53,447 I walked away from a steady job on Wall Street 29 00:01:53,581 --> 00:01:56,450 into a Seattle garage to pursue my dream, 30 00:01:56,918 --> 00:01:59,687 fully understanding that it might not work. 31 00:02:00,788 --> 00:02:04,424 It feels just like yesterday I was driving packages 32 00:02:04,559 --> 00:02:06,060 to the post office myself, 33 00:02:06,728 --> 00:02:10,297 dreaming that one day we might afford a forklift. 34 00:02:13,433 --> 00:02:15,135 You earn trust slowly, over time, 35 00:02:15,268 --> 00:02:17,204 doing hard things well. 36 00:02:18,072 --> 00:02:21,208 We offer fast shipping and everyday low prices. 37 00:02:21,976 --> 00:02:23,978 We make promises to our customers 38 00:02:24,112 --> 00:02:25,546 that we intend to keep. 39 00:02:26,581 --> 00:02:28,816 We make principled decisions, 40 00:02:28,950 --> 00:02:32,654 however unpopular, and our approach is working. 41 00:02:33,220 --> 00:02:38,258 ♪♪♪ 42 00:02:46,100 --> 00:02:48,836 [cars honking] 43 00:02:48,970 --> 00:02:51,939 [uplifting music playing] 44 00:02:55,943 --> 00:02:58,846 [office din] 45 00:03:08,589 --> 00:03:10,992 [keyboard clacking] 46 00:03:23,805 --> 00:03:26,040 Jeff, David just asked about you, let's go. 47 00:03:26,174 --> 00:03:28,308 - We're late. - Shit! 48 00:03:30,845 --> 00:03:33,948 Oh, my goodness, how are you always late? 49 00:03:34,048 --> 00:03:35,883 'Cause I'm always working. 50 00:03:36,818 --> 00:03:38,720 Let's see how well that excuse works on David. 51 00:03:40,688 --> 00:03:43,191 - Is this a sleeping bag? - No. 52 00:03:49,496 --> 00:03:52,533 You do know that that's a poor answer 53 00:03:52,667 --> 00:03:54,334 to tell me that that's a jump bag 54 00:03:54,502 --> 00:03:55,970 instead of a sleeping bag 55 00:03:56,070 --> 00:03:57,739 when you have a pillow sticking out of it? 56 00:03:57,872 --> 00:04:01,175 - You believe it. - [scoffs] Come on, man. 57 00:04:02,076 --> 00:04:03,477 Okay, here we go. 58 00:04:03,578 --> 00:04:05,245 DAVID: Mr. Bezos, thanks for joining us. 59 00:04:05,378 --> 00:04:06,848 You mean, I had a choice? 60 00:04:06,981 --> 00:04:08,516 Back to what we were talking about. 61 00:04:08,683 --> 00:04:10,350 Look, we're not gonna spend all day 62 00:04:10,484 --> 00:04:12,044 talking about how great our quarter was. 63 00:04:12,186 --> 00:04:13,721 Our numbers are fine, 64 00:04:13,855 --> 00:04:15,388 but that's not what we're gonna do. 65 00:04:15,523 --> 00:04:17,083 We wanna talk about how we're gonna move 66 00:04:17,191 --> 00:04:18,693 the business forward, right? 67 00:04:18,860 --> 00:04:20,728 So, I wanted to spend a little time going over 68 00:04:20,862 --> 00:04:22,697 an idea that Anton and his team brought us. 69 00:04:22,864 --> 00:04:25,666 Let's put it up on the board. Online brokerage. 70 00:04:26,433 --> 00:04:29,570 The idea that we would actually start transacting 71 00:04:29,704 --> 00:04:31,873 completely online. 72 00:04:32,039 --> 00:04:34,108 Where consumers can go on and instantaneously 73 00:04:34,242 --> 00:04:35,843 execute a trade. 74 00:04:35,943 --> 00:04:38,045 Now, I think all of you are kind of wondering 75 00:04:38,212 --> 00:04:39,812 how it's gonna affect us on the fee side, 76 00:04:39,881 --> 00:04:41,414 and there's gonna be less fee, 77 00:04:41,549 --> 00:04:43,326 but there's also gonna be less cash going out. 78 00:04:43,350 --> 00:04:45,086 That's a win-win for everybody, isn't it? 79 00:04:45,219 --> 00:04:47,722 As we move forward, I wanna see good ideas, 80 00:04:47,855 --> 00:04:50,091 the next big idea. 81 00:04:50,958 --> 00:04:52,292 Does that make sense to you? 82 00:04:52,760 --> 00:04:54,695 And remember one thing: 83 00:04:54,796 --> 00:04:56,264 ALL: It's all about the data. 84 00:04:56,396 --> 00:04:59,100 [tense music playing, keyboard clacking] 85 00:05:07,642 --> 00:05:13,948 ♪♪♪ 86 00:05:25,458 --> 00:05:27,261 [Jeff and MacKenzie chuckling] 87 00:05:30,932 --> 00:05:32,233 I don't know, I just... 88 00:05:33,601 --> 00:05:34,969 feel like I'm in a rut. 89 00:05:36,771 --> 00:05:38,940 Sometimes like I don't want to get back into writing. 90 00:05:39,106 --> 00:05:40,775 You should, 100%. 91 00:05:41,441 --> 00:05:44,444 Yeah, but there's no money in that. 92 00:05:45,313 --> 00:05:46,681 Could be. 93 00:05:46,814 --> 00:05:48,481 You're an amazing writer, you know that. 94 00:05:49,951 --> 00:05:51,819 You're my husband, you have to say that. 95 00:05:51,953 --> 00:05:53,453 I'm serious! 96 00:05:53,621 --> 00:05:55,089 Some of the stuff you've written 97 00:05:55,189 --> 00:05:56,757 just makes me want to cry. 98 00:05:56,858 --> 00:05:58,860 - Ugh. - And I have several times. 99 00:05:58,993 --> 00:06:00,528 - Oh, stop. - [chuckles] 100 00:06:02,630 --> 00:06:04,464 [sighs] 101 00:06:06,834 --> 00:06:09,369 You're amazingly talented. You know that. 102 00:06:09,503 --> 00:06:12,640 [emotional music playing] 103 00:06:12,807 --> 00:06:14,342 Thank you. 104 00:06:15,943 --> 00:06:17,979 It's just easier said than done sometimes. 105 00:06:20,514 --> 00:06:23,050 With the job and all, I just don't have as much time for it. 106 00:06:25,786 --> 00:06:28,488 And it's not like I don't love my job, 107 00:06:28,656 --> 00:06:30,892 I'm so grateful for the opportunity, but... 108 00:06:32,526 --> 00:06:36,564 I never imagined myself as a glorified secretary. 109 00:06:39,066 --> 00:06:40,568 You're not a secretary. 110 00:06:41,502 --> 00:06:43,337 You're a novelist trapped in a boring job, 111 00:06:43,504 --> 00:06:45,206 believe me, I know. 112 00:06:45,339 --> 00:06:48,843 Yeah. VP of the company understands. 113 00:06:50,678 --> 00:06:52,013 Things are good right now, 114 00:06:52,980 --> 00:06:55,750 but I always pictured I'd start a business or something. 115 00:06:56,350 --> 00:06:58,750 Never thought that I'd just end up as another hedge fund guy. 116 00:07:00,688 --> 00:07:02,089 Well, what's stopping you? 117 00:07:03,257 --> 00:07:05,226 Just gotta be there. 118 00:07:06,093 --> 00:07:07,995 No, seriously, 119 00:07:08,095 --> 00:07:10,340 what's... what's stopping you from starting your own company? 120 00:07:10,364 --> 00:07:11,933 A business idea. 121 00:07:12,066 --> 00:07:14,068 There's the logistics, the supply chain, 122 00:07:14,201 --> 00:07:15,703 I... I don't know the first thing 123 00:07:15,836 --> 00:07:17,538 about getting a business off the ground. 124 00:07:18,039 --> 00:07:20,541 Plus, I have a steady job, why would I risk that? 125 00:07:20,708 --> 00:07:22,710 No, no. Forget that! 126 00:07:22,877 --> 00:07:24,477 You can get another job if you wanted to. 127 00:07:24,545 --> 00:07:26,047 I mean, with a mind like yours, 128 00:07:26,180 --> 00:07:27,782 you'd get hired anywhere in an instant. 129 00:07:28,916 --> 00:07:30,217 Seriously. 130 00:07:33,754 --> 00:07:36,357 If you wanna start your own company, 131 00:07:36,456 --> 00:07:38,225 you should go for it. 132 00:07:42,229 --> 00:07:44,799 You're right. You're right. 133 00:07:44,932 --> 00:07:46,567 No more excuses. 134 00:07:49,403 --> 00:07:50,738 And there is something. 135 00:07:52,073 --> 00:07:53,473 I read an article the other day. 136 00:07:54,041 --> 00:07:59,780 Did you know that the internet is growing at 2,300% a year? 137 00:08:01,315 --> 00:08:03,250 Holy shit, that's a lot. 138 00:08:03,417 --> 00:08:07,254 Yeah. That's an understatement. Nothing grows at 2,300%. 139 00:08:07,421 --> 00:08:08,723 Ever. 140 00:08:11,926 --> 00:08:13,294 Yeah. 141 00:08:14,095 --> 00:08:18,265 I mean, that's the million-dollar idea, I guess. 142 00:08:18,399 --> 00:08:20,434 It's... It's numbers, really, 143 00:08:20,601 --> 00:08:23,270 but if I could find a way to capitalize on it... 144 00:08:24,305 --> 00:08:26,640 I mean, imagine if we started a business 145 00:08:26,774 --> 00:08:29,443 and in its first year did a million dollars in sales 146 00:08:29,610 --> 00:08:31,412 and grew 2,300%. 147 00:08:31,512 --> 00:08:33,948 That means its second year would do $23 million, 148 00:08:34,115 --> 00:08:36,183 and then if it grew another 2,300% 149 00:08:36,317 --> 00:08:39,687 it would do $529 million in its third year. 150 00:08:40,788 --> 00:08:42,089 [laughs softly] 151 00:08:42,790 --> 00:08:44,325 - Wow. - Yeah. 152 00:08:45,960 --> 00:08:47,962 Could be the idea David's been looking for. 153 00:08:49,663 --> 00:08:51,143 Well, are you gonna tell him about it? 154 00:08:51,665 --> 00:08:54,201 Not yet. I don't even know what we're gonna sell. 155 00:08:57,038 --> 00:08:58,606 Whatever it is... 156 00:09:00,641 --> 00:09:01,942 it could be big. 157 00:09:08,517 --> 00:09:12,353 [upbeat electronic music playing] 158 00:09:34,675 --> 00:09:40,214 ♪♪♪ 159 00:09:59,867 --> 00:10:01,769 [music fades out] 160 00:10:03,704 --> 00:10:06,373 [train rumbling distantly] 161 00:10:24,225 --> 00:10:27,261 [bright electronic music playing] 162 00:10:48,415 --> 00:10:50,718 [car honking] 163 00:10:50,818 --> 00:10:53,487 Move! First time in New York? 164 00:10:59,927 --> 00:11:02,163 [music continues] 165 00:11:31,660 --> 00:11:32,960 [elevator dings] 166 00:11:35,162 --> 00:11:36,497 - Jeff! Jeff! - One quick minute. 167 00:11:36,631 --> 00:11:38,032 Jeff, he's on a call! 168 00:11:38,165 --> 00:11:39,366 DAVID: A great opportunity. 169 00:11:39,500 --> 00:11:40,801 I'd... It'd be a real honor. 170 00:11:41,468 --> 00:11:42,703 Absolutely. 171 00:11:43,470 --> 00:11:45,039 I agree. 172 00:11:45,172 --> 00:11:47,374 - [mouthing] What is this? - Tomorrow's best idea. 173 00:11:47,509 --> 00:11:49,276 Okay, Tom, let me give you a call back, 174 00:11:49,376 --> 00:11:50,945 something just came up, okay? 175 00:11:51,045 --> 00:11:52,346 Hey, thanks so much. 176 00:11:54,148 --> 00:11:55,950 That was a friend at the White House. 177 00:11:56,817 --> 00:11:58,361 President's asking me to be on his council 178 00:11:58,385 --> 00:12:00,120 for science and technology. 179 00:12:00,221 --> 00:12:02,856 - Congratulations. - Well, it's important, right? 180 00:12:03,324 --> 00:12:05,192 But obviously not as important as this. 181 00:12:05,326 --> 00:12:09,396 Tell me something that grows at a 2,300% annual growth rate. 182 00:12:09,531 --> 00:12:12,032 Outside of petri dishes, nothing. 183 00:12:13,300 --> 00:12:15,369 Forget about it, keep reading. Right there. 184 00:12:15,503 --> 00:12:17,238 That's a month's work, right there. 185 00:12:17,371 --> 00:12:19,173 Jeff, if you don't shut the fuck up 186 00:12:19,340 --> 00:12:20,908 it's gonna take me a month to read it. 187 00:12:21,509 --> 00:12:23,077 Forget about it. Let me bottom line it. 188 00:12:23,712 --> 00:12:26,514 - Books. - Books? That's your idea? 189 00:12:26,648 --> 00:12:27,848 It's tomorrow's best idea. 190 00:12:27,982 --> 00:12:29,551 The one you've been looking for. 191 00:12:29,684 --> 00:12:32,086 Jeff, I haven't been looking for books. In fact, 192 00:12:32,219 --> 00:12:34,355 I don't even know what the fuck you're talking about. 193 00:12:34,488 --> 00:12:36,691 - Have you gotten any sleep? - Let me explain it to you. 194 00:12:36,824 --> 00:12:39,860 See, millions of copies of books are published every year 195 00:12:39,994 --> 00:12:42,363 and... and millions more internationally, 196 00:12:42,863 --> 00:12:45,933 but a physical store can only carry several thousand books. 197 00:12:46,066 --> 00:12:47,669 Well, that's true of any retailer. 198 00:12:47,768 --> 00:12:49,169 Right, take Barnes & Noble. 199 00:12:49,270 --> 00:12:52,006 $1.6 billion a year in sales. 200 00:12:52,707 --> 00:12:55,776 But any physical Barnes & Noble store 201 00:12:55,909 --> 00:12:58,078 only has thousands of copies. 202 00:12:58,912 --> 00:13:02,383 Now, add several of Barnes & Noble stores, 203 00:13:02,550 --> 00:13:04,451 and you still have thousands of copies. 204 00:13:04,586 --> 00:13:07,121 But there's potentially millions of copies 205 00:13:07,254 --> 00:13:09,591 that could be sold, but not in a physical store. 206 00:13:10,891 --> 00:13:13,728 Now, imagine a virtual store 207 00:13:16,564 --> 00:13:19,768 that was open 24 hours a day, seven days a week, 208 00:13:21,536 --> 00:13:24,639 and could carry an infinite amount of books, 209 00:13:24,773 --> 00:13:26,874 potentially every book that ever existed. 210 00:13:27,542 --> 00:13:29,076 Jeff, do me a favor. 211 00:13:29,209 --> 00:13:31,078 Go wash up, shave, 212 00:13:31,211 --> 00:13:32,647 and that sleeping bag that you have? 213 00:13:32,781 --> 00:13:34,481 Go take a little nap. 214 00:13:34,616 --> 00:13:37,151 And I want you to meet me in the park in an hour, okay? 215 00:13:37,284 --> 00:13:38,919 [sighs] 216 00:13:47,127 --> 00:13:48,829 [door closes] 217 00:13:50,598 --> 00:13:52,767 [tranquil music playing, birds chirping] 218 00:13:54,602 --> 00:13:56,937 [bike bell ringing] 219 00:13:57,104 --> 00:14:00,107 - You clean up nice. - Thanks, David. 220 00:14:00,675 --> 00:14:03,812 You know, it's a great idea with a good plan. 221 00:14:06,781 --> 00:14:08,750 I'm so relieved you... You liked it. 222 00:14:08,849 --> 00:14:10,451 I mean, with 76... 223 00:14:10,618 --> 00:14:12,520 Take a look at that guy over there. 224 00:14:14,756 --> 00:14:16,457 Now take a look at that guy. 225 00:14:19,426 --> 00:14:21,028 Which one do you think's happier? 226 00:14:23,832 --> 00:14:25,643 - The one with the hotdog. - Why do you say that? 227 00:14:25,667 --> 00:14:27,836 He's living for the moment. 228 00:14:27,968 --> 00:14:30,638 Does that mean that the other guy's miserable? Right? 229 00:14:31,305 --> 00:14:32,973 Maybe. Yeah. 230 00:14:33,107 --> 00:14:35,976 Let's jump ahead 20 years to 2014. 231 00:14:36,110 --> 00:14:37,878 Who do you think's gonna be happier, 232 00:14:38,011 --> 00:14:40,314 the guy eating hotdogs that didn't plan for his future 233 00:14:40,447 --> 00:14:42,216 or the guy who worked his ass off 234 00:14:42,349 --> 00:14:44,151 to get where he wanted to go? 235 00:14:44,652 --> 00:14:47,121 People always make the same mistake. 236 00:14:47,221 --> 00:14:49,456 They focus on short-term goals instead of planning 237 00:14:49,557 --> 00:14:51,959 for the future, instead of planning for the future 238 00:14:52,059 --> 00:14:54,696 and using a short-term strategy to execute it. 239 00:14:55,530 --> 00:14:57,998 You're the youngest vice president 240 00:14:58,165 --> 00:15:00,467 of the fastest growing hedge fund in America. 241 00:15:00,901 --> 00:15:02,737 You make a six-figure salary. 242 00:15:03,505 --> 00:15:05,673 Your coworkers respect you, 243 00:15:05,840 --> 00:15:08,409 and you want to throw all of that away to, what, sell books? 244 00:15:09,544 --> 00:15:10,887 I thought you liked the idea, David. 245 00:15:10,911 --> 00:15:12,312 I do like the idea. 246 00:15:12,413 --> 00:15:14,214 I actually think it's a great idea, 247 00:15:14,348 --> 00:15:16,417 but it's not for me, 248 00:15:16,551 --> 00:15:19,186 and I definitely don't think it's for you. 249 00:15:19,854 --> 00:15:22,389 Jeff, you're brilliant and you're ambitious 250 00:15:22,524 --> 00:15:24,358 and I love that about you, 251 00:15:25,860 --> 00:15:29,196 but, ultimately, you have to think bigger, okay? 252 00:15:29,363 --> 00:15:31,566 You have a career to grow, and you have places to go 253 00:15:31,699 --> 00:15:33,200 and you have a family to take care of 254 00:15:33,367 --> 00:15:34,769 and your wife wants to move your... 255 00:15:34,903 --> 00:15:36,370 Your whole family forward. 256 00:15:37,171 --> 00:15:39,406 But I don't think that's gonna happen with your plan. 257 00:15:43,377 --> 00:15:44,913 Okay? Let's head out. 258 00:15:49,049 --> 00:15:50,694 WOMAN ON TV: Well, what Alisson should know... 259 00:15:50,718 --> 00:15:52,554 MAN ON TV: What is internet, anyway? 260 00:15:53,420 --> 00:15:56,691 WOMAN: Internet is that massive computer network. 261 00:15:56,791 --> 00:15:58,893 Starting your own business is one of the most 262 00:15:59,059 --> 00:16:00,961 challenging things you can do. 263 00:16:01,094 --> 00:16:03,197 The risk often outweighs the rewards, 264 00:16:03,297 --> 00:16:05,733 but I'm telling you, if you know what you're doing 265 00:16:05,900 --> 00:16:07,434 and you got nothing to lose, 266 00:16:07,569 --> 00:16:09,537 then why not, right? 267 00:16:09,637 --> 00:16:12,039 That's because fear... fear is what runs the human heart. 268 00:16:12,139 --> 00:16:14,107 MACKENZIE: Hey. 269 00:16:14,241 --> 00:16:16,219 LEONARD: But if you got the guts to face what's ahead... 270 00:16:16,243 --> 00:16:19,781 - When'd you get home? - A little while ago. 271 00:16:19,914 --> 00:16:21,859 LEONARD: I didn't have two pennies to rub together. 272 00:16:21,883 --> 00:16:23,785 But I didn't let it slow me down, you know why? 273 00:16:23,918 --> 00:16:25,587 I'll tell you why. When I was a kid, 274 00:16:25,720 --> 00:16:27,454 I used to caddy at this country club. 275 00:16:27,589 --> 00:16:28,989 And every morning... 276 00:16:32,125 --> 00:16:35,095 Brought some take out. You hungry? 277 00:16:38,733 --> 00:16:40,502 Those biscuits will ruin your dinner. 278 00:16:45,940 --> 00:16:48,943 - What'd you get? - Chinese. 279 00:16:55,115 --> 00:16:57,351 [chair scraping] 280 00:17:07,662 --> 00:17:12,834 So... you gonna tell me why you left work early today? 281 00:17:16,370 --> 00:17:18,038 No reason. 282 00:17:18,640 --> 00:17:20,875 Oh, come on, I know you had your pitch with David 283 00:17:21,009 --> 00:17:23,310 and look at you, you're wallowing in self-pity. 284 00:17:23,845 --> 00:17:25,145 No, I'm not. 285 00:17:25,312 --> 00:17:26,681 Jeff, you're a terrible liar. 286 00:17:29,617 --> 00:17:31,151 He's not interested, okay? 287 00:17:32,452 --> 00:17:33,721 Well, why not? 288 00:17:33,855 --> 00:17:35,188 He said it was a great idea, 289 00:17:35,322 --> 00:17:37,057 just not for the company or for me. 290 00:17:38,026 --> 00:17:39,727 What the hell's that supposed to mean? 291 00:17:39,861 --> 00:17:42,362 It means I shouldn't be taking risks like this. 292 00:17:43,497 --> 00:17:46,166 And he asked me, would I risk everything for this idea? 293 00:17:46,300 --> 00:17:47,902 And, honestly, I wouldn't. 294 00:17:48,803 --> 00:17:50,505 Well, why wouldn't you risk it all? 295 00:17:52,907 --> 00:17:55,409 I don't think the risk is worth the opportunity. 296 00:17:56,911 --> 00:18:00,180 I have a steady career, we have a family. 297 00:18:01,348 --> 00:18:02,817 What if we wanna have kids one day? 298 00:18:02,917 --> 00:18:04,852 I can't be living with this kind of risk. 299 00:18:05,019 --> 00:18:07,589 Whoa, whoa, hold up there, cowboy. 300 00:18:09,524 --> 00:18:12,860 Listen, if we wanna have kids, 301 00:18:13,027 --> 00:18:14,862 we'll discuss that in the future. 302 00:18:15,362 --> 00:18:16,731 Later on down the line. 303 00:18:17,230 --> 00:18:20,535 As for your job, you can get another one. 304 00:18:21,401 --> 00:18:23,538 You're Jeff Bezos, 305 00:18:23,705 --> 00:18:26,708 the youngest VP in the history of D.E. Shaw. 306 00:18:26,841 --> 00:18:28,776 You really think this is your only opportunity 307 00:18:28,910 --> 00:18:30,210 for a good job in the future? 308 00:18:31,378 --> 00:18:32,614 Hell no! 309 00:18:33,213 --> 00:18:35,049 Whatever it is you choose to do, 310 00:18:35,182 --> 00:18:37,552 you're going to be incredible at. 311 00:18:39,053 --> 00:18:40,454 I know it. 312 00:18:41,388 --> 00:18:44,224 And if this is something that you wanna do, 313 00:18:44,726 --> 00:18:46,094 then I believe in you. 314 00:18:47,762 --> 00:18:49,797 And you need to believe in yourself, 315 00:18:49,931 --> 00:18:52,767 'cause you're not just someone who takes unnecessary risks, 316 00:18:52,900 --> 00:18:56,269 you're someone who... who looks at the possibilities, 317 00:18:56,403 --> 00:18:58,072 runs the numbers, 318 00:18:58,238 --> 00:19:00,158 and then takes the chances that are worth taking! 319 00:19:04,612 --> 00:19:06,748 You said to think about the future, right? 320 00:19:10,084 --> 00:19:12,219 Is D.E. Shaw really what you envision 321 00:19:12,319 --> 00:19:14,055 for the rest of your life? 322 00:19:24,832 --> 00:19:28,770 [pensive music playing] 323 00:19:33,240 --> 00:19:35,943 Regret... minimization. 324 00:19:38,311 --> 00:19:39,947 What? 325 00:19:41,949 --> 00:19:43,951 Regret minimization framework. 326 00:19:44,118 --> 00:19:46,353 I need to minimize the amount of regrets 327 00:19:46,486 --> 00:19:47,789 that I'm gonna have by age 80. 328 00:19:48,923 --> 00:19:51,291 Okay, that's... That's one way to look at it. 329 00:19:53,094 --> 00:19:55,963 See, I'm not gonna regret being a part of this Internet thing, 330 00:19:56,097 --> 00:19:59,433 but I will regret not trying, and if it fails, who cares? 331 00:20:00,702 --> 00:20:02,637 I'm not living my life in regret. 332 00:20:03,504 --> 00:20:04,806 So, you're gonna go for it? 333 00:20:04,972 --> 00:20:06,206 Yeah, we're going for it! 334 00:20:07,008 --> 00:20:10,111 All right, Internet man! So, what's our next move? 335 00:20:10,210 --> 00:20:11,612 We're quitting our jobs. 336 00:20:13,981 --> 00:20:16,818 [chuckles softly] I'm sorry. We? 337 00:20:17,317 --> 00:20:19,486 Yeah. I'm not doing this without you. 338 00:20:21,723 --> 00:20:23,891 And we're not starting a business venture here. 339 00:20:25,026 --> 00:20:27,862 - I need you. - But... But... 340 00:20:27,995 --> 00:20:29,362 We can do this. 341 00:20:31,498 --> 00:20:32,734 It's gonna be okay. 342 00:20:33,835 --> 00:20:36,504 We have savings, we're gonna be together. 343 00:20:38,472 --> 00:20:39,707 You can have time to write. 344 00:20:44,979 --> 00:20:46,214 It's gonna work out. 345 00:20:47,882 --> 00:20:50,852 - Okay. Okay, I'm in. - Okay? Doing it? 346 00:20:51,018 --> 00:20:52,385 - We're doing it. - We're doing it! 347 00:20:56,057 --> 00:20:58,926 - You're amazing. - I'm so excited for us. 348 00:20:59,060 --> 00:21:00,595 This is gonna work. 349 00:21:00,728 --> 00:21:03,231 - I'm scared, but I'm excited. - I'm scared, too! 350 00:21:03,363 --> 00:21:04,599 [chuckles] 351 00:21:04,732 --> 00:21:06,067 Zander. 352 00:21:06,200 --> 00:21:07,835 Hey, it's Jeff Bezos. 353 00:21:08,569 --> 00:21:13,373 Yeah, MacKenzie's great. I'm starting a new business. 354 00:21:14,208 --> 00:21:15,710 We're gonna sell on the Internet. 355 00:21:15,877 --> 00:21:17,912 Yeah, Warren, Internet. 356 00:21:18,045 --> 00:21:20,915 I-N-T-E-R-N-E-T. 357 00:21:23,050 --> 00:21:25,019 Yeah. You have a modem, right? 358 00:21:26,419 --> 00:21:29,190 Yeah, you're gonna go online and buy. 359 00:21:29,289 --> 00:21:31,559 You know how you said if I ever had a big idea 360 00:21:31,692 --> 00:21:33,895 to call you and... and, um... This is it. 361 00:21:34,361 --> 00:21:36,063 We're starting a website. 362 00:21:37,064 --> 00:21:38,398 Website. 363 00:21:38,533 --> 00:21:40,735 Yeah, Nancy. Okay. 364 00:21:42,570 --> 00:21:45,472 Hmm. We don't have a name for it yet. 365 00:21:45,606 --> 00:21:46,908 Valuation? 366 00:21:48,543 --> 00:21:50,244 A million dollars? 367 00:21:50,377 --> 00:21:53,247 Yeah, Bill, the valuation isn't determined yet. 368 00:21:53,714 --> 00:21:56,083 We don't know what the profit margins are gonna be. 369 00:21:56,217 --> 00:21:58,953 No. I'm working on the business plan. 370 00:21:59,587 --> 00:22:01,956 No, I've never started a business before. 371 00:22:02,824 --> 00:22:04,992 That's the point, it's called a startup. 372 00:22:05,458 --> 00:22:08,095 How about instead of saying it's a startup business, 373 00:22:08,262 --> 00:22:13,634 why don't you tell them it's an investment opportunity? 374 00:22:14,101 --> 00:22:16,804 If you just invest $50,000... 375 00:22:17,605 --> 00:22:21,441 Yeah. Listen, David. It's going to be big. 376 00:22:21,609 --> 00:22:22,910 We're still working on the plan, 377 00:22:23,010 --> 00:22:24,330 but... but we'd love to invite you 378 00:22:24,444 --> 00:22:25,780 to be one of the first investors. 379 00:22:25,947 --> 00:22:27,849 What do you mean I'd make a terrible CEO? 380 00:22:28,616 --> 00:22:31,418 [tense music playing] 381 00:22:34,956 --> 00:22:36,290 MACKENZIE: How much is it? 382 00:22:37,625 --> 00:22:38,960 $50,000. 383 00:22:40,928 --> 00:22:42,630 Can't even start a business with that. 384 00:22:42,763 --> 00:22:44,198 No, that can't be, 385 00:22:44,332 --> 00:22:46,033 we must've called over 60 people today. 386 00:22:46,167 --> 00:22:47,702 And half of them said no. 387 00:22:50,304 --> 00:22:51,539 Maybe we can get a loan? 388 00:22:52,340 --> 00:22:55,343 No bank is gonna lend us money. We're a startup. 389 00:22:56,677 --> 00:22:58,012 What do we do, then? 390 00:22:59,280 --> 00:23:00,648 I don't know. 391 00:23:05,052 --> 00:23:08,990 [electronic beeping] 392 00:23:09,156 --> 00:23:11,559 [gentle music playing] 393 00:23:13,895 --> 00:23:15,129 Let's go. 394 00:23:15,229 --> 00:23:17,497 [birds chirping] 395 00:23:19,200 --> 00:23:23,070 - You sure about this? - It's our only option. 396 00:23:24,338 --> 00:23:25,706 But it's up to you. 397 00:23:27,708 --> 00:23:29,043 All right. 398 00:23:36,684 --> 00:23:39,387 There you are! Oh! 399 00:23:40,388 --> 00:23:43,357 - Hey, Mom. - You made it! 400 00:23:43,490 --> 00:23:45,026 Why didn't you give us some warning? 401 00:23:45,192 --> 00:23:47,194 I... I would've rolled out the red carpet. 402 00:23:47,328 --> 00:23:48,863 You know me, spontaneous to a fault. 403 00:23:48,996 --> 00:23:50,564 [chuckles] Did you hear that? 404 00:23:50,698 --> 00:23:53,701 He's about as spontaneous as a stopwatch. 405 00:23:54,201 --> 00:23:57,238 Oh, you look exhausted. Well, come on in, come in. 406 00:23:58,039 --> 00:24:01,042 - Oh, Mike, they're here! - Oh, my God! 407 00:24:01,208 --> 00:24:03,377 That's my boy. Oh, welcome! 408 00:24:04,545 --> 00:24:07,682 So good to see you! You look great! 409 00:24:07,782 --> 00:24:09,342 So happy you guys made it, look at this! 410 00:24:09,417 --> 00:24:10,685 - Hey, Dad. - Welcome. 411 00:24:10,785 --> 00:24:12,145 This is so great you guys are here! 412 00:24:12,253 --> 00:24:14,088 Feels so good when you're here, 413 00:24:14,255 --> 00:24:16,199 thank you so much, you guys, for coming. Gonna be great. 414 00:24:16,223 --> 00:24:17,591 Okay, I've gotta ask, 415 00:24:17,725 --> 00:24:19,060 is he still totally unorganized? 416 00:24:19,226 --> 00:24:21,228 - Mom! - Yes. 417 00:24:21,395 --> 00:24:23,764 You know, when he was a kid, he used to be just like that. 418 00:24:23,898 --> 00:24:25,733 He had so many inventions, remember, Mike, 419 00:24:25,900 --> 00:24:28,369 up in his room that we finally had to turn over the garage 420 00:24:28,468 --> 00:24:31,072 - to make it your workshop! - Thanks, Mom. 421 00:24:31,238 --> 00:24:33,050 Oh, Mike, would you take the luggage? Take their luggage. 422 00:24:33,074 --> 00:24:35,076 We're gonna have a good time, we're so happy. 423 00:24:35,242 --> 00:24:36,553 - Thank you. All right. - Thank you. 424 00:24:36,577 --> 00:24:38,112 So... 425 00:24:38,245 --> 00:24:39,613 [MacKenzie laughing softly] 426 00:24:41,582 --> 00:24:44,418 - Oh, my gosh, is that you? - JEFF: It's me. 427 00:24:44,585 --> 00:24:46,153 MACKENZIE: That is such a cute photo. 428 00:24:47,254 --> 00:24:49,090 MIKE: A lot of memories, eh? 429 00:24:49,223 --> 00:24:51,292 Ah! We're so happy you guys are here. 430 00:24:51,425 --> 00:24:53,260 - Let's sit, sit, come on. - Let's go. 431 00:24:55,262 --> 00:24:58,966 So, is it happening? Are we gonna be grandparents? 432 00:24:59,100 --> 00:25:00,434 [MacKenzie laughs] 433 00:25:01,102 --> 00:25:02,436 - No. - No. 434 00:25:02,570 --> 00:25:04,472 - JACKLYN: Oh! - Not yet. 435 00:25:04,605 --> 00:25:06,607 This is a great time for you, you are so busy 436 00:25:06,741 --> 00:25:08,618 and you're doing so many great things, it's better 437 00:25:08,642 --> 00:25:10,778 to keep working now, have the kid when you're ready. 438 00:25:10,945 --> 00:25:12,146 How's work? 439 00:25:12,847 --> 00:25:17,485 Actually... we quit our jobs. 440 00:25:17,952 --> 00:25:20,287 - You quit? - Yeah. 441 00:25:20,454 --> 00:25:21,689 Both of you guys? 442 00:25:22,289 --> 00:25:23,657 - Yep. - Yep. 443 00:25:24,658 --> 00:25:26,427 Did you have a fight with David? 444 00:25:26,527 --> 00:25:28,462 No, things are fine with David, you know, 445 00:25:28,629 --> 00:25:30,469 I think he's one of the smartest people I know, 446 00:25:30,631 --> 00:25:32,867 and somebody that uses both sides of his brain. 447 00:25:33,000 --> 00:25:35,936 But, um, just, an opportunity came up 448 00:25:36,037 --> 00:25:37,605 that we just couldn't pass up. 449 00:25:37,705 --> 00:25:39,640 So, you got another offer? 450 00:25:40,474 --> 00:25:42,476 No, Mom, um... 451 00:25:43,010 --> 00:25:46,680 We're actually starting a business online. 452 00:25:46,814 --> 00:25:48,482 On the Internet. Selling books. 453 00:25:49,150 --> 00:25:50,818 The Internet? 454 00:25:50,985 --> 00:25:53,921 So, the Internet, it's a vast network of computers 455 00:25:54,055 --> 00:25:57,358 that communicate with each other and transfer information, 456 00:25:57,491 --> 00:26:01,195 so why couldn't this network be used to conduct commerce? 457 00:26:01,796 --> 00:26:05,399 And we've identified the potential 458 00:26:05,534 --> 00:26:09,670 of selling books through the Internet as a business. 459 00:26:09,837 --> 00:26:11,238 Well, why would you want to do that? 460 00:26:11,372 --> 00:26:12,973 Why wouldn't you just go to the store? 461 00:26:13,074 --> 00:26:16,043 A physical store can never have every book 462 00:26:16,177 --> 00:26:17,978 that ever existed. 463 00:26:18,079 --> 00:26:20,681 And our virtual store could potentially have every book 464 00:26:20,848 --> 00:26:22,517 and we'll just ship it to you. 465 00:26:23,050 --> 00:26:24,752 Mm-hmm. 466 00:26:24,885 --> 00:26:28,055 And plus, the internet's growing at 2,300% a year. 467 00:26:28,856 --> 00:26:30,157 Well, how do you know that? 468 00:26:30,691 --> 00:26:33,060 Well, we've found several analyst reports 469 00:26:33,194 --> 00:26:35,162 and we've been identifying other businesses 470 00:26:35,262 --> 00:26:37,832 that... that have seen that kind of growth and we believe 471 00:26:37,932 --> 00:26:39,733 we can achieve that selling books. 472 00:26:40,201 --> 00:26:43,104 I don't know, guys, I think this seems really risky. 473 00:26:43,237 --> 00:26:45,039 Couldn't you, like, do this on nights 474 00:26:45,172 --> 00:26:47,374 and weekends, and keep your current job? 475 00:26:49,043 --> 00:26:50,377 No. 476 00:26:50,878 --> 00:26:53,280 Mom, we... we already quit our jobs. 477 00:26:53,414 --> 00:26:57,885 And... we'll regret not trying this business. 478 00:26:58,018 --> 00:26:59,887 That's actually why we're here. 479 00:27:00,020 --> 00:27:04,258 We were hoping that you both would consider investing. 480 00:27:07,061 --> 00:27:08,362 How much do you need? 481 00:27:09,029 --> 00:27:10,397 Couple hundred thousand. 482 00:27:15,570 --> 00:27:17,738 Three hundred would be great. 483 00:27:19,240 --> 00:27:22,710 You each would get a couple percentage points and ownership 484 00:27:22,810 --> 00:27:25,079 in the business and, if it's successful, 485 00:27:25,246 --> 00:27:27,248 it could be millions of dollars for you. 486 00:27:27,982 --> 00:27:32,987 But I have to warn you, there's a 70% chance it could fail. 487 00:27:34,155 --> 00:27:37,825 I mean, that's the majority 488 00:27:37,958 --> 00:27:39,760 of our retirement fund, honey. 489 00:27:39,927 --> 00:27:41,162 When do you need it by? 490 00:27:44,633 --> 00:27:46,167 Tomorrow. 491 00:27:46,734 --> 00:27:48,769 Well, I've got an idea. 492 00:27:48,936 --> 00:27:50,771 Dinner's almost ready. 493 00:27:51,238 --> 00:27:53,107 Why don't we have a nice dinner 494 00:27:53,240 --> 00:27:55,843 and we can just talk about this later? 495 00:27:55,976 --> 00:27:59,346 [crickets chirping] 496 00:27:59,480 --> 00:28:02,449 [pensive music playing] 497 00:28:15,162 --> 00:28:18,933 [soft music playing] 498 00:28:45,826 --> 00:28:47,494 - You're up early. - Yeah. 499 00:28:50,197 --> 00:28:51,999 I just wanna tell you, 500 00:28:52,132 --> 00:28:54,501 I don't invest in you and I hope you understand that. 501 00:29:03,177 --> 00:29:04,378 Why? 502 00:29:05,045 --> 00:29:06,957 You know, it's an idea that you have to understand, 503 00:29:06,981 --> 00:29:08,382 it takes a lot of planning, 504 00:29:08,516 --> 00:29:11,051 a lot of things, and we don't have a lot. 505 00:29:11,720 --> 00:29:13,053 But I'm not gonna tell you, 506 00:29:13,187 --> 00:29:15,055 you know how much you represent to me. 507 00:29:15,189 --> 00:29:17,391 And I just want to tell you something. 508 00:29:17,525 --> 00:29:19,594 We live in a free country. I believe in America 509 00:29:19,728 --> 00:29:21,895 that every dreams can come true. 510 00:29:22,029 --> 00:29:24,765 And the main thing that I want you to know... 511 00:29:26,066 --> 00:29:27,434 that I believe in you. 512 00:29:27,569 --> 00:29:28,878 So, I'm going to give you something. 513 00:29:28,902 --> 00:29:30,204 These are life savings. 514 00:29:30,871 --> 00:29:33,841 [sighs] Thanks, Dad. 515 00:29:33,941 --> 00:29:35,876 - I love you. - I love you. 516 00:29:42,216 --> 00:29:43,685 I won't let you down. 517 00:29:43,784 --> 00:29:46,253 I know that. Absolutely, I know that. 518 00:29:53,060 --> 00:29:54,729 Can I ask you for another favor? 519 00:29:54,895 --> 00:29:56,731 Another favor now? [laughs] 520 00:29:57,231 --> 00:29:59,133 Can I borrow the truck? 521 00:29:59,266 --> 00:30:01,068 Oh, my God, you gonna kill me. 522 00:30:01,235 --> 00:30:03,213 Your mom is gonna kill me, too, because you know that... 523 00:30:03,237 --> 00:30:05,105 Go ahead, enjoy yourself. Today's a big day. 524 00:30:09,544 --> 00:30:12,580 [upbeat music playing] 525 00:30:14,915 --> 00:30:16,283 [keyboard clacking] 526 00:30:16,417 --> 00:30:17,786 So, where are we heading? 527 00:30:18,753 --> 00:30:20,555 Just keep heading west, babe. 528 00:30:22,256 --> 00:30:23,758 Okay. 529 00:30:25,593 --> 00:30:28,929 - I'll figure it out soon. - I mean, take your time. 530 00:30:29,096 --> 00:30:31,298 The movers are only, I don't know, 531 00:30:31,432 --> 00:30:33,100 18 hours behind us, I don't... 532 00:30:33,267 --> 00:30:35,570 I'm sure they don't mind driving aimlessly. 533 00:30:36,771 --> 00:30:38,371 It's probably not the first time they do. 534 00:30:42,777 --> 00:30:44,945 [thunder rumbling] 535 00:30:45,112 --> 00:30:46,614 You sure we're at the right place? 536 00:30:47,114 --> 00:30:48,750 MACKENZIE: Um, you picked it. 537 00:30:55,956 --> 00:30:57,792 Thank you. 538 00:31:02,630 --> 00:31:04,298 [faucet running, MacKenzie spitting] 539 00:31:15,677 --> 00:31:17,812 I think I figured out where we're going. 540 00:31:18,646 --> 00:31:22,116 Oh. I'm really starting to like the nomad life, though. 541 00:31:22,216 --> 00:31:24,652 [chuckles] Well, normally, an analysis like this 542 00:31:24,819 --> 00:31:27,054 would take several months, but since we have 24 hours 543 00:31:27,187 --> 00:31:28,623 to notify the movers, 544 00:31:28,723 --> 00:31:30,290 I've narrowed it down to one city. 545 00:31:30,891 --> 00:31:33,193 It's a city with a favorable tax structure, 546 00:31:33,327 --> 00:31:36,664 a reasonable cost of living, a highly qualified workforce, 547 00:31:36,831 --> 00:31:38,332 and access to ports. 548 00:31:38,867 --> 00:31:40,167 Ports? 549 00:31:40,702 --> 00:31:42,871 'Cause we'll be getting so many books from Asia? 550 00:31:43,003 --> 00:31:46,808 You never know. So, drumroll, please. 551 00:31:47,341 --> 00:31:49,376 [MacKenzie drumming hands] 552 00:31:49,511 --> 00:31:52,146 We're moving to... Seattle, Washington. 553 00:31:53,648 --> 00:31:54,883 [drumroll stops] 554 00:31:55,683 --> 00:31:57,918 - Hmm. - You're not excited. 555 00:31:58,686 --> 00:32:02,923 I mean, the coffee's good, right? 556 00:32:03,056 --> 00:32:04,692 There's more than just coffee in Seattle. 557 00:32:04,826 --> 00:32:06,360 [MacKenzie chuckles] 558 00:32:07,060 --> 00:32:08,596 I better call the movers. 559 00:32:08,730 --> 00:32:10,765 Yeah, they're gonna need an actual address. 560 00:32:10,899 --> 00:32:13,033 At least they know where to point the truck now. 561 00:32:27,582 --> 00:32:30,184 [dreamy music playing] 562 00:32:42,429 --> 00:32:44,198 [door closes] 563 00:32:50,137 --> 00:32:51,639 I wanna show you something. 564 00:32:54,975 --> 00:32:56,611 [sighs] 565 00:33:00,715 --> 00:33:01,950 [door closes] 566 00:33:09,056 --> 00:33:10,991 You're about to see something beautiful. 567 00:33:14,762 --> 00:33:18,933 - It's beautiful. - Yeah. Cadabra. 568 00:33:21,769 --> 00:33:24,171 - What? - Cadabra. 569 00:33:24,939 --> 00:33:26,273 That's the name of our company. 570 00:33:28,776 --> 00:33:30,344 Like magic. 571 00:33:43,958 --> 00:33:46,293 So, you're sure he's gonna do it for a price? 572 00:33:47,194 --> 00:33:48,495 Excellent. 573 00:33:49,196 --> 00:33:51,164 He's a divorce lawyer, of course! 574 00:33:53,200 --> 00:33:55,335 How exactly is opening a corporation 575 00:33:55,469 --> 00:33:56,704 like dissolving a marriage? 576 00:33:57,304 --> 00:33:59,172 All right, thank you. 577 00:33:59,306 --> 00:34:01,543 Great, so you'll have a draft for us by Wednesday. 578 00:34:02,476 --> 00:34:04,812 I'll send you my address in Seattle once we get there. 579 00:34:05,647 --> 00:34:08,550 Yeah. Cadabra, Inc. 580 00:34:10,150 --> 00:34:11,886 Like Abra Cadabra. Yeah. 581 00:34:12,620 --> 00:34:15,823 No, no. Not a cadaver. Cadabra. 582 00:34:17,190 --> 00:34:21,361 Yep. No, no, we're not selling any magic supplies, just books. 583 00:34:22,462 --> 00:34:23,698 Thank you. 584 00:34:28,670 --> 00:34:32,507 Hey, Shel. How are you? Jeff Bezos. 585 00:34:32,674 --> 00:34:35,475 Yep. Peter Leventhal's friend. 586 00:34:37,512 --> 00:34:39,413 So, we're heading your way, 587 00:34:39,547 --> 00:34:41,224 wanted to see if you're available tomorrow. 588 00:34:41,248 --> 00:34:43,483 Get some breakfast and we can talk about a job. 589 00:34:44,919 --> 00:34:47,655 Yep. San Francisco, perfect. 590 00:34:47,755 --> 00:34:49,489 All right. Call you in the morning. 591 00:34:51,893 --> 00:34:54,662 [uplifting electronic music playing] 592 00:35:00,868 --> 00:35:02,537 GRANDPA: Okay, here we go, Jeff. 593 00:35:02,704 --> 00:35:05,707 Uh, with your left hand take the nail like this, 594 00:35:06,908 --> 00:35:09,611 and with your right hand hold the hammer like that, okay? 595 00:35:09,744 --> 00:35:11,879 Hold it, hold it with strength, okay? 596 00:35:12,013 --> 00:35:16,551 And then subtly tap on the nail to seed it in place. 597 00:35:16,684 --> 00:35:19,854 And then when you're ready, hit it a little harder. 598 00:35:20,420 --> 00:35:24,291 Then take your left hand away and give it a whack. 599 00:35:24,424 --> 00:35:26,894 - Okay. - Okay? Try that. 600 00:35:34,234 --> 00:35:36,537 - Did I do it good! - Yeah, you did it! 601 00:35:36,638 --> 00:35:40,240 All right, drink up! You boys need to stay hydrated. 602 00:35:40,407 --> 00:35:41,709 Oh, yeah. 603 00:35:44,112 --> 00:35:45,312 Thanks, Grandma. 604 00:35:45,445 --> 00:35:47,147 Supper's ready in 30 minutes. 605 00:35:47,280 --> 00:35:48,983 Go inside and get cleaned up. 606 00:35:49,117 --> 00:35:51,786 I'm making grandpa's special dish today. 607 00:35:51,919 --> 00:35:53,253 GRANDPA: Mm. 608 00:35:54,656 --> 00:35:56,376 You know, you always wanna have great people 609 00:35:56,456 --> 00:35:57,759 in your life, Jeff. 610 00:35:59,761 --> 00:36:01,596 It's the one way to stay happy. 611 00:36:01,763 --> 00:36:03,263 [glasses clink] 612 00:36:07,234 --> 00:36:09,194 JEFF: But make sure it has at least three bedrooms 613 00:36:09,269 --> 00:36:11,139 and an attached garage. 614 00:36:11,939 --> 00:36:13,608 May I ask why? 615 00:36:13,775 --> 00:36:15,308 I want us to be like 616 00:36:15,442 --> 00:36:17,679 all the great American suburb stories. 617 00:36:17,812 --> 00:36:19,947 Apple. Dell. Disney. 618 00:36:20,480 --> 00:36:22,617 They all started in a garage. 619 00:36:23,151 --> 00:36:25,019 - You serious? - Yeah. 620 00:36:25,953 --> 00:36:27,622 But no more than 800 a month. 621 00:36:28,656 --> 00:36:31,693 - Seems like kind of a lot. - Seven hundred. 622 00:36:32,426 --> 00:36:34,662 And we need the keys tomorrow. 623 00:36:35,797 --> 00:36:37,473 I think the movers are in Nebraska already. 624 00:36:37,497 --> 00:36:38,800 Okay. 625 00:36:39,332 --> 00:36:40,635 Oh, he's here. 626 00:36:43,638 --> 00:36:44,939 Hi, Shel. 627 00:36:47,041 --> 00:36:48,876 Jeff. My wife, MacKenzie. 628 00:36:49,010 --> 00:36:50,611 MacKenzie. Nice to meet you. 629 00:36:50,712 --> 00:36:52,780 - I'll leave you to it. - Great. 630 00:36:52,880 --> 00:36:54,949 So, Paul speaks very highly of you. 631 00:36:55,049 --> 00:36:56,627 Said he doesn't know anybody that can build 632 00:36:56,651 --> 00:36:58,285 a database as fast as you. 633 00:36:58,385 --> 00:37:00,465 Yeah, I was part of the team that wrote script decks. 634 00:37:00,521 --> 00:37:02,355 - Oh, impressive stuff. - It was. 635 00:37:02,489 --> 00:37:05,526 You were also part of the whole Earth catalogue, correct? 636 00:37:05,660 --> 00:37:07,061 - Indeed. - Yeah, great. 637 00:37:07,195 --> 00:37:08,563 - You want a coffee? - Sure. 638 00:37:09,130 --> 00:37:11,090 I'll have a large coffee and whatever he's having. 639 00:37:11,199 --> 00:37:13,034 Cappuccino. 640 00:37:13,167 --> 00:37:16,204 I'll pay 'cause we actually have startup capital. 641 00:37:16,336 --> 00:37:18,873 It's from my parents, don't be overly impressed. 642 00:37:19,006 --> 00:37:20,508 Here. 643 00:37:21,308 --> 00:37:23,911 [keyboard clacking] 644 00:37:24,045 --> 00:37:27,215 [tense music playing] 645 00:37:28,182 --> 00:37:30,017 This is the whole business plan? 646 00:37:30,151 --> 00:37:33,087 Mm, no, just what I was able to get done 647 00:37:33,221 --> 00:37:35,189 between Fort Worth and now. 648 00:37:35,355 --> 00:37:37,725 Um, I'll have the rest done by the time we get to Seattle. 649 00:37:38,693 --> 00:37:41,662 - Books, huh? Nothing else? - That's it. 650 00:37:43,898 --> 00:37:45,566 You got a name yet? 651 00:37:46,067 --> 00:37:49,871 - Cadabra. - Cadaver? Like a dead body? 652 00:37:50,037 --> 00:37:53,107 No. Cadabra. Like a magic trick. 653 00:37:53,875 --> 00:37:55,209 That's much better. 654 00:37:55,777 --> 00:37:58,012 Now, based on your qualifications, 655 00:37:58,112 --> 00:38:00,615 why are you perfect for this programming job? 656 00:38:01,716 --> 00:38:04,351 I was under the impression you were pitching me a job. 657 00:38:06,053 --> 00:38:07,698 - Yeah, but... - I didn't drive all the way up 658 00:38:07,722 --> 00:38:09,724 from Santa Cruz to be interviewed. 659 00:38:11,025 --> 00:38:13,393 - I kinda thought it'd be both. - It's not. 660 00:38:13,528 --> 00:38:15,129 You'd be very lucky to have me. 661 00:38:16,230 --> 00:38:17,565 Probably right. 662 00:38:17,698 --> 00:38:19,299 - I am. - Fine. 663 00:38:19,432 --> 00:38:21,068 The job is yours if you want it. 664 00:38:21,202 --> 00:38:22,770 I commend your good judgement. 665 00:38:22,904 --> 00:38:25,273 Now, I must warn you, the pay is shit, 666 00:38:25,405 --> 00:38:27,241 you will be working barbaric hours, 667 00:38:27,407 --> 00:38:29,277 but you will receive some stock options 668 00:38:29,409 --> 00:38:31,009 and it will be the most difficult project 669 00:38:31,045 --> 00:38:32,445 you've ever worked on. 670 00:38:33,881 --> 00:38:35,950 You know, most tech startups never make it. 671 00:38:36,416 --> 00:38:38,085 See, in the book business, 672 00:38:38,219 --> 00:38:40,063 there's a huge disparity between supply and demand 673 00:38:40,087 --> 00:38:41,789 and it's virtually impossible 674 00:38:41,956 --> 00:38:44,792 for a physical bookstore to carry millions of books. 675 00:38:45,458 --> 00:38:48,663 So, if you're able to build us a website that can handle 676 00:38:48,796 --> 00:38:52,767 a product category that large, we will be successful. 677 00:38:53,601 --> 00:38:54,836 Welcome aboard. 678 00:38:58,438 --> 00:39:00,675 Okay, yeah. Yeah, those dates are perfect. 679 00:39:02,342 --> 00:39:04,111 Amazing. Yeah, great. 680 00:39:04,278 --> 00:39:06,123 Thank you so much. I'll call you when we arrive. 681 00:39:06,147 --> 00:39:07,447 Okay. 682 00:39:08,983 --> 00:39:10,952 - He's in. - Well, that was easy. 683 00:39:11,819 --> 00:39:13,453 How'd it go on your end? 684 00:39:13,621 --> 00:39:15,141 You're not the only one having success. 685 00:39:15,256 --> 00:39:17,992 - Oh! - Our new home. 686 00:39:20,928 --> 00:39:22,462 Perfect. 687 00:39:24,298 --> 00:39:26,801 [birds chirping] 688 00:39:28,636 --> 00:39:29,971 - Pleasure. - Thank you. 689 00:39:31,505 --> 00:39:33,040 [MacKenzie giggles] 690 00:39:34,308 --> 00:39:35,843 Yeah. 691 00:39:38,478 --> 00:39:40,480 [door closes, car revs] 692 00:39:48,421 --> 00:39:49,857 [clattering] 693 00:39:51,525 --> 00:39:53,405 Maybe we should've seen it first before renting. 694 00:39:53,527 --> 00:39:54,829 It's perfect. 695 00:39:55,696 --> 00:39:58,232 [upbeat electronic music playing] 696 00:40:05,172 --> 00:40:06,473 That's gotta go. 697 00:40:13,314 --> 00:40:17,518 ♪♪♪ 698 00:40:21,222 --> 00:40:22,523 What do you think? 699 00:40:24,158 --> 00:40:25,693 Potential at best. 700 00:40:26,727 --> 00:40:28,195 Everything we need's right here. 701 00:40:29,363 --> 00:40:31,365 [truck beeping] 702 00:40:32,867 --> 00:40:34,268 Whoa! Whoa, whoa, whoa! 703 00:40:45,046 --> 00:40:48,049 We came all the way from New York for this? 704 00:40:48,582 --> 00:40:50,284 Yeah, this is our new offices. 705 00:40:50,885 --> 00:40:52,186 Got it. 706 00:40:56,390 --> 00:41:01,529 ♪♪♪ 707 00:41:15,409 --> 00:41:21,782 ♪♪♪ 708 00:41:42,636 --> 00:41:47,608 ♪♪♪ 709 00:41:47,775 --> 00:41:51,078 [engine rumbling] 710 00:42:07,461 --> 00:42:08,696 Hey, look who's here! 711 00:42:08,829 --> 00:42:10,765 - JEFF: Hey, Paul! - Jeff! 712 00:42:10,865 --> 00:42:13,267 Good to see you. Paul, meet Shel. 713 00:42:13,367 --> 00:42:14,869 Your reputation precedes you. 714 00:42:15,336 --> 00:42:17,638 - Same. - How was the farewell party? 715 00:42:17,772 --> 00:42:19,974 I'm a bit hungover, honestly. 716 00:42:20,107 --> 00:42:21,675 They threw me quite the sendoff. 717 00:42:22,443 --> 00:42:23,944 Even gave me a lovely gift. 718 00:42:25,312 --> 00:42:27,982 They're a bit skeptical of Cadabra's chances of success, 719 00:42:28,149 --> 00:42:30,151 so they took up a collection to tide me over 720 00:42:30,317 --> 00:42:31,485 while I look for work. 721 00:42:31,652 --> 00:42:32,987 [coins rattling] 722 00:42:33,154 --> 00:42:36,490 - Almost $27. - Wanna buy some shares? 723 00:42:37,124 --> 00:42:38,826 Mind if I take a peek at the books first? 724 00:42:38,993 --> 00:42:40,828 Come on, let me show you your new home. 725 00:42:43,464 --> 00:42:45,566 I just finished setting up the new computer system. 726 00:42:45,699 --> 00:42:47,168 I went with high-powered servers. 727 00:42:47,334 --> 00:42:48,869 PAUL: Splendid. 728 00:42:49,003 --> 00:42:50,563 Only problem is they draw so much power, 729 00:42:50,671 --> 00:42:52,471 I had to run each one off a different circuit. 730 00:42:53,007 --> 00:42:54,408 JEFF: They work great, 731 00:42:54,543 --> 00:42:56,477 so long as you don't plug anything else in. 732 00:42:56,577 --> 00:42:57,878 [electricity crackles] 733 00:42:59,680 --> 00:43:02,149 Shit. Gimme a second. 734 00:43:05,052 --> 00:43:07,855 - MacKenzie. - MACKENZIE: Yes? 735 00:43:08,022 --> 00:43:11,058 - JEFF: What're you doing? - MACKENZIE: Drying my hair! 736 00:43:11,192 --> 00:43:15,029 I told you, don't plug anything in while we're working. 737 00:43:15,530 --> 00:43:17,340 MACKENZIE: Well, what am I supposed to do, then? 738 00:43:17,364 --> 00:43:19,366 Don't plug in any appliances! 739 00:43:19,900 --> 00:43:22,603 [sighs] Sorry, guys. 740 00:43:25,574 --> 00:43:27,542 All right, guys. Got some stuff 741 00:43:27,675 --> 00:43:29,710 I want to share with you. Let me get my notes. 742 00:43:29,844 --> 00:43:31,612 I thought he came from finance? 743 00:43:31,745 --> 00:43:33,548 Is he a programmer, too? 744 00:43:34,014 --> 00:43:36,617 He majored in computer science at Princeton. 745 00:43:36,750 --> 00:43:38,553 Oh, dear. 746 00:43:38,686 --> 00:43:40,555 So, I've gone ahead and analyzed every software 747 00:43:40,721 --> 00:43:42,456 in the marketplace and, unfortunately, 748 00:43:42,591 --> 00:43:44,559 most of 'em were built for a mail order system. 749 00:43:44,725 --> 00:43:46,894 The customer places the order, the order's processed, 750 00:43:47,027 --> 00:43:48,597 and then the inventory's updated 751 00:43:49,096 --> 00:43:51,566 with three typical product availabilities: in stock, 752 00:43:51,732 --> 00:43:53,367 out of stock, and unavailable. 753 00:43:53,467 --> 00:43:56,203 Our website's gonna have seven of them: 754 00:43:56,971 --> 00:43:58,607 shipped within 24 hours, 755 00:43:58,739 --> 00:44:00,207 shipped within two to three days, 756 00:44:00,307 --> 00:44:01,709 shipped within one to two weeks, 757 00:44:01,809 --> 00:44:03,377 shipped within four to six weeks, 758 00:44:03,477 --> 00:44:05,880 not yet published, out of stock, 759 00:44:05,980 --> 00:44:08,716 and, for hard to find titles, shipped within three months. 760 00:44:09,950 --> 00:44:11,318 So, what does this all mean? 761 00:44:11,452 --> 00:44:12,820 Indeed. 762 00:44:13,487 --> 00:44:15,122 We need to build our own software. 763 00:44:15,256 --> 00:44:17,057 So, we're going open source? 764 00:44:17,158 --> 00:44:18,593 We don't have a choice. 765 00:44:18,759 --> 00:44:20,427 You see, we don't have the finances 766 00:44:20,595 --> 00:44:22,635 to hire a bunch of programmers to build this for us. 767 00:44:22,730 --> 00:44:24,650 So, we're gonna count on thousands of programmers 768 00:44:24,765 --> 00:44:28,435 around the world to build it for us and update it for us, 769 00:44:28,570 --> 00:44:31,672 which is gonna allow us to focus on what really matters. 770 00:44:32,907 --> 00:44:35,776 Selling books. Make sense? 771 00:44:36,277 --> 00:44:38,479 So, if we're gonna build the world's greatest bookstore, 772 00:44:38,613 --> 00:44:40,481 we're gonna need the world's greatest website. 773 00:44:41,248 --> 00:44:42,483 Let's get to it. 774 00:44:43,984 --> 00:44:45,953 - Jeff. - Yeah? 775 00:44:46,120 --> 00:44:47,688 I feel the need to remind you that, 776 00:44:47,821 --> 00:44:49,990 given all the things you want the site to do, 777 00:44:50,157 --> 00:44:52,438 no one's ever built anything even remotely like it before. 778 00:44:52,493 --> 00:44:54,161 Exactly. 779 00:44:54,295 --> 00:44:56,497 While we're attempting the impossible, 780 00:44:56,631 --> 00:44:58,365 what will you be doing? 781 00:44:58,499 --> 00:45:00,701 Attempting the improbable. 782 00:45:00,834 --> 00:45:02,537 I need to raise a million dollars 783 00:45:02,671 --> 00:45:04,511 if we're gonna get this website live by summer. 784 00:45:05,172 --> 00:45:08,475 If you're serious about this timeline, we'll need help. 785 00:45:08,643 --> 00:45:10,545 Fine. Put an ad out. 786 00:45:10,679 --> 00:45:12,012 Which reminds me... 787 00:45:12,146 --> 00:45:15,349 [optimistic music playing] 788 00:45:15,482 --> 00:45:18,018 Never again will we be referred 789 00:45:18,152 --> 00:45:19,987 to as the website that sells dead bodies. 790 00:45:20,154 --> 00:45:22,289 Cadabra.com is defunct. 791 00:45:26,293 --> 00:45:28,697 Our new name is... Drumroll... 792 00:45:28,829 --> 00:45:32,066 [drumming] 793 00:45:33,200 --> 00:45:35,202 Relentless.com. 794 00:45:41,509 --> 00:45:44,044 Nick, it's Jeff. How are you? 795 00:45:44,679 --> 00:45:47,716 You signed the contract, you said you were sending 796 00:45:47,848 --> 00:45:50,351 the check, and then you put a stop payment on the check. 797 00:45:50,484 --> 00:45:52,587 Do you understand how that affects our company? 798 00:45:52,721 --> 00:45:55,022 What do you mean you don't understand what we're doing? 799 00:45:55,189 --> 00:45:57,659 Yeah, I'm just following up on that investment 800 00:45:57,758 --> 00:45:59,360 you committed to. 801 00:45:59,527 --> 00:46:01,862 A lot of great companies have started in a garage. 802 00:46:02,029 --> 00:46:04,365 Apple. Microsoft. 803 00:46:04,532 --> 00:46:06,166 Um, yep. 804 00:46:06,267 --> 00:46:08,703 The company's still going, but we really need you 805 00:46:08,869 --> 00:46:10,538 to send us the money, if you can. 806 00:46:10,705 --> 00:46:13,708 It's a virtual Internet store. 807 00:46:14,208 --> 00:46:16,010 There's no physical location. 808 00:46:16,110 --> 00:46:18,178 That's not our business model. 809 00:46:18,279 --> 00:46:20,214 If you're not interested, just tell me. 810 00:46:20,381 --> 00:46:23,217 We're selling books. 811 00:46:23,718 --> 00:46:25,919 I don't care if you changed your mind, 812 00:46:26,053 --> 00:46:27,388 if you make commitments, 813 00:46:27,555 --> 00:46:28,889 you gotta follow through in life. 814 00:46:29,056 --> 00:46:30,958 You can't have two million products 815 00:46:31,091 --> 00:46:33,394 inside of a bookstore! 816 00:46:33,528 --> 00:46:35,062 You think we're gonna fail? 817 00:46:35,697 --> 00:46:37,298 Well, I think you're gonna fail. 818 00:46:41,101 --> 00:46:45,072 [uplifting music playing] 819 00:46:56,584 --> 00:47:04,391 ♪♪♪ 820 00:47:19,674 --> 00:47:27,414 ♪♪♪ 821 00:47:29,818 --> 00:47:33,020 [music fades out] 822 00:47:35,422 --> 00:47:37,191 It's still a little bit too confusing. 823 00:47:37,958 --> 00:47:39,960 What do you mean? It's a standard landing page. 824 00:47:40,127 --> 00:47:42,305 You need to imagine that all of our customers have never 825 00:47:42,329 --> 00:47:43,665 used a computer before. 826 00:47:44,164 --> 00:47:47,868 The homepage has to be very... user-friendly. 827 00:47:48,001 --> 00:47:50,037 I can't work on this change tonight, 828 00:47:50,170 --> 00:47:51,872 - I'll work on it tomorrow. - No, no. 829 00:47:52,005 --> 00:47:53,885 Let's get it done now while the ideas are fresh. 830 00:47:53,941 --> 00:47:55,476 Jeff, with all due respect, 831 00:47:55,643 --> 00:47:57,378 we've been at this for 12 hours straight. 832 00:47:57,512 --> 00:47:59,313 And there's 24 hours in the day, Shel. 833 00:47:59,480 --> 00:48:02,851 I'll redraft it. And burn the midnight oil. 834 00:48:04,218 --> 00:48:06,521 Jeff? 835 00:48:06,654 --> 00:48:09,390 - One second. - Jeff. 836 00:48:10,057 --> 00:48:11,826 One second, MacKenzie. 837 00:48:11,992 --> 00:48:15,162 [soft tense music playing] 838 00:48:17,699 --> 00:48:19,133 Is it important? 839 00:48:20,334 --> 00:48:24,171 - No. It's fine. - I'll be up in a bit. 840 00:48:24,338 --> 00:48:26,073 What's a bit? 841 00:48:26,206 --> 00:48:27,509 I don't know! 842 00:48:33,882 --> 00:48:35,349 Goodnight, fellas. 843 00:48:36,518 --> 00:48:38,051 PAUL & SHEL: Night. 844 00:48:51,866 --> 00:48:54,602 [solemn music playing] 845 00:49:35,743 --> 00:49:37,411 [sighs] 846 00:49:50,892 --> 00:49:54,929 [upbeat electronic music playing] 847 00:50:10,477 --> 00:50:13,180 - WOMAN: Thank you so much. - MAN: Do you have your receipt? 848 00:50:13,313 --> 00:50:15,617 - WOMAN: Hi, your name? - WOMAN 2: Vazquez. 849 00:50:15,783 --> 00:50:19,486 - MAN: Hello. How are you? - WOMAN 2: Thank you. 850 00:50:19,621 --> 00:50:21,632 - MAN: Thank you for attending. - WOMAN 2: Of course. 851 00:50:21,656 --> 00:50:23,691 - WOMAN: Hi, your name? - Hi. Bezos. 852 00:50:23,825 --> 00:50:25,459 Bezos. 853 00:50:25,627 --> 00:50:28,362 - Here. - Thank you. 854 00:50:28,495 --> 00:50:30,632 WOMAN: Thank you. Hi. 855 00:50:30,798 --> 00:50:33,300 - [applause] - Okay, okay. 856 00:50:33,467 --> 00:50:36,136 Now it's time for you brave souls 857 00:50:36,804 --> 00:50:40,808 to stand up and tell us about yourselves. 858 00:50:41,308 --> 00:50:44,012 Who you are, your hopes and dreams. 859 00:50:45,980 --> 00:50:47,314 Who's gonna go first? 860 00:50:48,783 --> 00:50:51,218 - Okay. - Okay. Hi. 861 00:50:51,351 --> 00:50:54,154 Hi, I'm Molly Jean Andrews 862 00:50:54,288 --> 00:50:57,224 and I'm from Green Valley, Arizona, 863 00:50:57,357 --> 00:51:01,161 and I'm opening up a little shop called Kitchen Bible. 864 00:51:01,328 --> 00:51:03,665 And I have a few cookies. Do you wanna try one? 865 00:51:03,831 --> 00:51:05,667 All right. Um, you know, 866 00:51:05,800 --> 00:51:07,501 there's gonna be nothing but cookbooks. 867 00:51:07,669 --> 00:51:09,637 I'm not looking to get rich or anything, 868 00:51:09,737 --> 00:51:12,006 I just don't wanna lose my shirt either. 869 00:51:12,172 --> 00:51:15,009 - [laughs] - [applause] 870 00:51:16,844 --> 00:51:21,248 Hello. I'm Charles Allen Morrow from Highland Park, Illinois. 871 00:51:21,749 --> 00:51:26,054 My shop, Marrow's Antiquaria, opening in August, 872 00:51:26,186 --> 00:51:29,256 is going to be specializing in rare books 873 00:51:29,389 --> 00:51:31,859 and autographs in all fields. 874 00:51:32,026 --> 00:51:34,996 - [applause] - Okay, anybody else? 875 00:51:35,897 --> 00:51:37,197 Oh, please! 876 00:51:38,032 --> 00:51:39,867 Hi. How are you? 877 00:51:40,001 --> 00:51:42,904 Um, my name is Jeff, Jeff Bezos from Seattle, Washington, 878 00:51:43,037 --> 00:51:45,607 and I'm mainly here to learn more about the book business 879 00:51:45,740 --> 00:51:48,241 because this summer we'll be launching 880 00:51:48,375 --> 00:51:51,378 the world's largest bookstore, relentless.com. 881 00:51:51,512 --> 00:51:53,213 [applause] 882 00:51:53,380 --> 00:51:54,825 HOST: A bit overzealous for a bookstore. 883 00:51:54,849 --> 00:51:56,216 Don't you think? 884 00:51:56,383 --> 00:51:58,452 Well, I can... I can explain, actually. 885 00:51:58,586 --> 00:52:01,254 The reason why it'll be the world's largest bookstore 886 00:52:01,388 --> 00:52:03,423 is because its vast library 887 00:52:03,591 --> 00:52:06,259 is gonna exist exclusively on the Internet. 888 00:52:07,260 --> 00:52:10,531 - [applause] - HOST: Okay, well... 889 00:52:11,398 --> 00:52:13,735 Let's move on to the other topics, then. 890 00:52:16,269 --> 00:52:18,039 Um, excuse me one second. 891 00:52:18,138 --> 00:52:20,942 - Hey. Internet guy. - Who, me? 892 00:52:21,075 --> 00:52:23,310 - Yes, you. - Hi, how're you doing, sir? 893 00:52:23,443 --> 00:52:25,813 - Do you know who I am? - Of course. Mr. Leonard Riggio. 894 00:52:25,947 --> 00:52:28,148 - And you are? - Jeff. Jeff Bezos. 895 00:52:30,118 --> 00:52:31,552 Care to have a drink with me, Jeff? 896 00:52:37,290 --> 00:52:39,292 See, since books are a true commodity, 897 00:52:39,426 --> 00:52:41,929 it seemed like the ideal first product to sell online, 898 00:52:42,063 --> 00:52:43,931 being that books in every physical... 899 00:52:44,098 --> 00:52:45,818 - Can I get you anything else? - We're fine. 900 00:52:46,433 --> 00:52:49,103 Books in all your physical locations are identical. 901 00:52:49,236 --> 00:52:50,838 So, customers should be comfortable 902 00:52:50,972 --> 00:52:52,472 purchasing them online. 903 00:52:53,107 --> 00:52:56,309 Hmm. Seems like an interesting idea you have there. 904 00:52:56,443 --> 00:52:58,946 Well, it's more than just an idea. 905 00:52:59,113 --> 00:53:01,348 - [scoffs] Is it, though? - Yeah. 906 00:53:01,481 --> 00:53:03,226 I mean, we have programmers working on it now, 907 00:53:03,250 --> 00:53:04,786 we'll be live this summer. 908 00:53:04,919 --> 00:53:06,988 But until it actually comes to fruition, 909 00:53:07,121 --> 00:53:09,624 and more than anything, actually proves to be viable, 910 00:53:09,791 --> 00:53:11,626 it's... just an idea. 911 00:53:11,793 --> 00:53:13,594 What did you say you're calling it again? 912 00:53:13,695 --> 00:53:14,962 Relentless. 913 00:53:15,630 --> 00:53:17,932 Huh. Peculiar name. 914 00:53:19,167 --> 00:53:21,247 Doesn't quite fit the book industry, though, does it? 915 00:53:21,301 --> 00:53:22,502 How so? 916 00:53:23,137 --> 00:53:25,840 "Relentless," I mean, it's aggressive. 917 00:53:25,973 --> 00:53:27,374 You're trying to lure bookworms in, 918 00:53:27,508 --> 00:53:29,188 you're not trying to ready them for battle. 919 00:53:29,644 --> 00:53:31,179 See, I never looked at it that way. 920 00:53:31,311 --> 00:53:33,014 I always thought our competitors 921 00:53:33,147 --> 00:53:35,650 would see us a certain way, not... not the consumer. 922 00:53:35,817 --> 00:53:38,052 And that right there is why Relentless will never be 923 00:53:38,186 --> 00:53:39,987 anything more than just an idea. 924 00:53:40,487 --> 00:53:43,256 But, you see, we're open to an investment 925 00:53:43,390 --> 00:53:45,660 and maybe a partnership with Barnes & Noble 926 00:53:45,827 --> 00:53:47,562 where we are your Internet fulfillment wing. 927 00:53:47,695 --> 00:53:50,198 No, I... I'm sorry, James. [chuckles] 928 00:53:50,330 --> 00:53:53,167 - Uh, Jeff. - Right. Jeff, uh... 929 00:53:53,835 --> 00:53:55,368 We don't do that. 930 00:53:55,502 --> 00:53:57,337 You see, we're not just gonna be 931 00:53:57,471 --> 00:53:59,006 another independent bookseller. 932 00:53:59,140 --> 00:54:00,908 Okay. Stop right there. 933 00:54:01,042 --> 00:54:03,511 Right. Do you... Do you know who you're speaking to? 934 00:54:04,311 --> 00:54:06,246 - Of course. - But do you really? 935 00:54:06,379 --> 00:54:07,779 Because I'm not just Leonard Riggio. 936 00:54:07,849 --> 00:54:09,917 I am Barnes & Noble, Inc. 937 00:54:10,051 --> 00:54:13,087 Biggest book retailer in the entire industry, all right? 938 00:54:13,221 --> 00:54:15,422 And we just had an 87% gain in revenue 939 00:54:15,556 --> 00:54:16,824 over the last quarter alone. 940 00:54:16,924 --> 00:54:18,391 I'm well aware of your success. 941 00:54:18,526 --> 00:54:20,327 Oh, well, then you should also be aware 942 00:54:20,427 --> 00:54:22,338 that we're about to open 100 more stores this year. 943 00:54:22,362 --> 00:54:24,098 And then it's only a matter of time before 944 00:54:24,232 --> 00:54:26,768 independent booksellers such as yourself become obsolete. 945 00:54:26,901 --> 00:54:29,203 I have no interest in investing in anything 946 00:54:29,369 --> 00:54:31,205 other than my own company. 947 00:54:31,939 --> 00:54:34,008 But it's more about the future. 948 00:54:34,108 --> 00:54:35,710 Would you like some advice? 949 00:54:35,877 --> 00:54:38,012 - It's Jeff, right? - Yeah. 950 00:54:38,112 --> 00:54:40,280 Um, I think you should go find another business 951 00:54:40,413 --> 00:54:41,949 to look at. 952 00:54:42,083 --> 00:54:43,761 Take whatever money you have and put it into 953 00:54:43,785 --> 00:54:45,620 the manufacturing sector or something. 954 00:54:45,753 --> 00:54:48,153 I... It's... You know, they're having a lot of growth lately. 955 00:54:48,256 --> 00:54:50,758 But you will never find success in the book industry, 956 00:54:50,892 --> 00:54:52,560 I can guarantee you that. 957 00:54:53,060 --> 00:54:56,063 I'd like to say that it was good chatting with you, 958 00:54:56,197 --> 00:54:58,032 but, frankly, it was a waste of time. 959 00:54:58,699 --> 00:55:01,235 That is for the drinks. 960 00:55:01,736 --> 00:55:03,436 And whatever is leftover, you can consider 961 00:55:03,571 --> 00:55:05,472 it seed money for a new business venture. 962 00:55:15,983 --> 00:55:19,120 [somber music playing] 963 00:55:37,271 --> 00:55:40,908 [footsteps] 964 00:55:46,314 --> 00:55:48,649 [keys clinking] 965 00:55:58,793 --> 00:56:00,795 MACKENZIE: You don't have to be quiet. 966 00:56:00,928 --> 00:56:02,163 I waited up. 967 00:56:06,466 --> 00:56:09,136 - [Jeff sighs] - How'd it go? 968 00:56:11,305 --> 00:56:13,641 - Terrible. - Why? What happened? 969 00:56:13,808 --> 00:56:15,475 I don't wanna talk about it. 970 00:56:15,643 --> 00:56:18,312 Oh, come on. I'm just asking about your day. 971 00:56:18,980 --> 00:56:21,282 MacKenzie, I don't wanna talk about it. 972 00:56:23,517 --> 00:56:25,052 It was a complete waste of time. 973 00:56:25,186 --> 00:56:26,621 Nobody's interested in our company. 974 00:56:26,721 --> 00:56:28,122 Is that what you wanna hear? 975 00:56:30,725 --> 00:56:32,193 [door closes] 976 00:56:33,661 --> 00:56:35,162 Is this how it's gonna be from now on? 977 00:56:35,329 --> 00:56:36,797 Like what? 978 00:56:38,498 --> 00:56:40,835 - Like what? - Like this! 979 00:56:41,002 --> 00:56:43,337 We barely talk, and when we do talk, you just yell. 980 00:56:43,871 --> 00:56:45,740 - I'm not yelling. - Yes, you are! 981 00:56:45,873 --> 00:56:47,541 You're yelling. 982 00:56:47,675 --> 00:56:49,543 No, ever since we got here I can't talk to you 983 00:56:49,677 --> 00:56:52,179 without you getting upset at me or telling me to shut up. 984 00:56:52,346 --> 00:56:54,582 In case you haven't realized, I have a company 985 00:56:54,715 --> 00:56:56,550 that I'm trying to get off the ground. 986 00:56:57,151 --> 00:56:59,587 So, excuse me if I don't give you 100% of my attention... 987 00:56:59,720 --> 00:57:01,589 I don't want 100% of your attention, 988 00:57:01,722 --> 00:57:03,724 I just want a fraction of it. 989 00:57:07,662 --> 00:57:09,030 Please. 990 00:57:12,533 --> 00:57:15,202 This is my life, MacKenzie, 991 00:57:15,336 --> 00:57:17,571 and I have everything in the world invested 992 00:57:17,705 --> 00:57:20,274 in this business and I will not fail. 993 00:57:20,408 --> 00:57:23,844 I will work 24 hours a day to make sure that I succeed. 994 00:57:23,945 --> 00:57:26,514 And I'm sorry if I don't make you a priority. 995 00:57:27,048 --> 00:57:29,850 - We. - What're you talking about? 996 00:57:29,951 --> 00:57:32,119 We put everything we had into this. 997 00:57:32,253 --> 00:57:35,389 In case you forgot, I quit my job and moved here for you! 998 00:57:35,923 --> 00:57:37,391 Give me a break. 999 00:57:38,726 --> 00:57:39,961 Jeff. 1000 00:57:42,396 --> 00:57:43,965 You're a really smart guy. 1001 00:57:44,565 --> 00:57:46,434 Hell, the smartest guy I've ever met, 1002 00:57:46,567 --> 00:57:48,402 but you've been acting like a complete dick 1003 00:57:48,569 --> 00:57:49,804 since we've gotten here. 1004 00:57:51,405 --> 00:57:53,574 How can you not see how you're acting? 1005 00:57:56,610 --> 00:58:01,415 We have a business that has taken hundreds 1006 00:58:01,549 --> 00:58:04,085 of thousands of dollars of investor funds, 1007 00:58:04,618 --> 00:58:08,422 that is days away from potentially closing. 1008 00:58:08,589 --> 00:58:11,258 We have the shittiest fucking name on the planet, 1009 00:58:11,425 --> 00:58:14,762 relentless.com, that doesn't appeal 1010 00:58:14,895 --> 00:58:16,597 to any of our customer base. 1011 00:58:17,231 --> 00:58:19,333 So, we need to understand 1012 00:58:19,467 --> 00:58:22,303 that Jeff may not have time for MacKenzie. 1013 00:58:22,436 --> 00:58:23,904 God. 1014 00:58:24,005 --> 00:58:25,673 'Cause we have other priorities. 1015 00:58:25,806 --> 00:58:28,109 You're not even listening to what I'm saying. 1016 00:58:29,110 --> 00:58:30,811 I get that you have a lot going on. 1017 00:58:30,945 --> 00:58:32,980 I get that everything is riding on this idea 1018 00:58:33,114 --> 00:58:35,483 and I'm not asking you to stop focusing on that. 1019 00:58:35,616 --> 00:58:37,518 I'm asking you to be present. 1020 00:58:37,651 --> 00:58:39,186 [tense music playing] 1021 00:58:39,320 --> 00:58:40,831 Be a little more human, for God's sake. 1022 00:58:40,855 --> 00:58:42,215 You're so absorbed in the computer, 1023 00:58:42,323 --> 00:58:43,958 it's like you're not even here. 1024 00:58:47,128 --> 00:58:48,629 Whoa, look at that! 1025 00:58:48,796 --> 00:58:50,331 - Lot of smoke. - Yeah. 1026 00:58:51,365 --> 00:58:54,001 Okay. Mm-hmm. 1027 00:58:54,135 --> 00:58:56,837 Okay. There's some little coolant over here, 1028 00:58:56,971 --> 00:58:58,706 so why don't you hand me that, Jeff? 1029 00:59:02,109 --> 00:59:03,377 There we go. 1030 00:59:09,183 --> 00:59:10,484 Okay. 1031 00:59:13,454 --> 00:59:15,222 All right, do you wanna turn it on now? 1032 00:59:16,490 --> 00:59:18,527 [engine starts] 1033 00:59:18,659 --> 00:59:20,895 - Hey! - Whoa, you fixed it! 1034 00:59:21,028 --> 00:59:22,830 You should see a mechanic, though. 1035 00:59:22,963 --> 00:59:24,665 - Thank you so much. - You're welcome. 1036 00:59:24,799 --> 00:59:26,033 You're a godsend. 1037 00:59:35,376 --> 00:59:37,645 Okay, here we go. 1038 00:59:37,745 --> 00:59:40,515 You know, we really, really did a good job here today. 1039 00:59:40,681 --> 00:59:42,583 We helped out... Jeff, hey. 1040 00:59:42,716 --> 00:59:44,385 - Listen to me, pay attention. - Okay. 1041 00:59:44,519 --> 00:59:46,754 We helped out today, it's important to give back, 1042 00:59:46,887 --> 00:59:49,423 and it's all about just being human. 1043 00:59:50,024 --> 00:59:51,392 - Right? - Yes, Grandpa. 1044 00:59:51,526 --> 00:59:53,160 - So, help me up. - [both laugh] 1045 00:59:54,428 --> 00:59:55,729 MACKENZIE: Jeff. 1046 00:59:55,863 --> 00:59:57,098 Jeff. 1047 00:59:57,231 --> 00:59:59,033 [somber music playing] 1048 00:59:59,200 --> 01:00:01,536 Jeff, are you seriously not paying attention right now? 1049 01:00:02,537 --> 01:00:05,706 - I've gotta go. - Go where? 1050 01:00:05,873 --> 01:00:07,608 I have an idea. 1051 01:00:07,741 --> 01:00:09,886 - I need to go to the garage. - Are you fucking kidding me! 1052 01:00:09,910 --> 01:00:11,721 See, this is what I'm talking about, you're obsessed! 1053 01:00:11,745 --> 01:00:13,914 We'll talk tomorrow about this. 1054 01:00:14,048 --> 01:00:15,892 No, don't treat me like I'm one of your employees! 1055 01:00:15,916 --> 01:00:18,052 - Jeff! - [door closes] 1056 01:00:23,090 --> 01:00:24,458 Hey, guys! 1057 01:00:25,926 --> 01:00:30,097 [soft music playing] 1058 01:00:39,640 --> 01:00:41,142 [sighs] 1059 01:00:55,956 --> 01:01:02,763 ♪♪♪ 1060 01:01:17,945 --> 01:01:23,350 - Hey! How was your trip? - You look like shit. 1061 01:01:23,484 --> 01:01:24,985 [chuckling] 1062 01:01:25,119 --> 01:01:26,687 JEFF: Well, I haven't slept at all. 1063 01:01:27,622 --> 01:01:30,191 But it was worth it. I figured something out. 1064 01:01:31,660 --> 01:01:33,961 First off, relentless.com is out. 1065 01:01:34,862 --> 01:01:36,497 It makes us sound crazy. 1066 01:01:36,631 --> 01:01:38,832 We don't want our secret getting out, now, do we? 1067 01:01:40,301 --> 01:01:42,303 See, whatever we call ourselves 1068 01:01:42,469 --> 01:01:44,539 has to be something we never need to change. 1069 01:01:44,673 --> 01:01:46,473 Can it start with the letter "A"? 1070 01:01:46,641 --> 01:01:48,709 Search engines have started ranking 1071 01:01:48,842 --> 01:01:50,978 the sites alphabetically, so being right at the top 1072 01:01:51,145 --> 01:01:52,547 would be a huge advantage. 1073 01:01:52,681 --> 01:01:54,683 - Interesting. - PAUL: I've got it. 1074 01:01:56,150 --> 01:01:57,451 Aar.com. 1075 01:01:59,019 --> 01:02:00,354 With two "A" s. 1076 01:02:01,989 --> 01:02:03,692 Short for "aardvark"? 1077 01:02:04,892 --> 01:02:06,193 Keep working on it. 1078 01:02:06,860 --> 01:02:10,331 You see, I realized, we've been missing a critical factor. 1079 01:02:10,464 --> 01:02:12,199 It doesn't matter if our product library 1080 01:02:12,333 --> 01:02:15,537 is the size of seven New York City phone books, 1081 01:02:15,670 --> 01:02:17,171 there's something we've been missing. 1082 01:02:17,338 --> 01:02:19,058 - Can you guess what it is? - Wouldn't dare. 1083 01:02:19,173 --> 01:02:21,676 What's the easiest way to build customer loyalty? 1084 01:02:21,842 --> 01:02:24,345 Um, coupons? 1085 01:02:24,845 --> 01:02:26,080 Close. 1086 01:02:26,981 --> 01:02:31,686 You see, when you go to that independent bookstore, 1087 01:02:31,819 --> 01:02:32,987 you can take your time. 1088 01:02:33,087 --> 01:02:35,322 Browse. No pressure to buy. 1089 01:02:35,422 --> 01:02:36,991 You know you're getting a fair price. 1090 01:02:37,091 --> 01:02:38,892 That human touch. 1091 01:02:39,026 --> 01:02:42,263 Now, imagine we can create that human touch virtually. 1092 01:02:43,097 --> 01:02:48,536 Putting the customer first no matter what all the time. 1093 01:02:48,703 --> 01:02:50,104 Exactly. 1094 01:02:50,237 --> 01:02:52,406 You see, our competitors are all focused 1095 01:02:52,540 --> 01:02:54,008 on what they're all doing. 1096 01:02:54,108 --> 01:02:56,043 They're not focused on the customer. 1097 01:02:56,210 --> 01:02:58,178 We will be focused on the customer. 1098 01:02:58,279 --> 01:03:00,281 When they get to our home page, they're gonna see 1099 01:03:00,414 --> 01:03:04,218 our entire product library, fair prices, fast shipping, 1100 01:03:04,351 --> 01:03:05,587 easy returns. 1101 01:03:06,053 --> 01:03:07,555 No matter what it costs. 1102 01:03:08,889 --> 01:03:10,725 The customer is always first. 1103 01:03:12,727 --> 01:03:14,562 Can you make the homepage do that? 1104 01:03:14,729 --> 01:03:16,430 It's complicated. 1105 01:03:17,532 --> 01:03:20,735 I know. Do it. 1106 01:03:23,070 --> 01:03:26,940 [doors opens, closes] 1107 01:03:27,074 --> 01:03:29,076 [typewriter clacking] 1108 01:03:32,781 --> 01:03:36,618 [gentle music playing] 1109 01:03:49,597 --> 01:03:51,065 Still angry? 1110 01:03:56,170 --> 01:03:57,471 I'm sorry. 1111 01:04:02,811 --> 01:04:07,014 Look, I know I've been a little distracted by work, 1112 01:04:07,147 --> 01:04:09,116 but I'm sorry. 1113 01:04:17,124 --> 01:04:19,794 I don't need you to apologize for focusing on the company. 1114 01:04:19,927 --> 01:04:22,463 I... I get that that's important. 1115 01:04:25,633 --> 01:04:28,703 I need you to apologize for being an asshole. 1116 01:04:30,437 --> 01:04:33,140 Okay, I get it, you've been working 18-hour days, 1117 01:04:33,273 --> 01:04:35,510 you're losing money, you've barely eaten or slept 1118 01:04:35,643 --> 01:04:37,512 or showered, I get that. I see it. 1119 01:04:38,813 --> 01:04:40,615 But that doesn't give you a right to treat me 1120 01:04:40,715 --> 01:04:42,349 the way you've been treating me. 1121 01:04:48,322 --> 01:04:49,691 You're right. 1122 01:04:51,826 --> 01:04:53,894 I've lost focus on what's important 1123 01:04:55,996 --> 01:04:58,700 and it will never happen again. 1124 01:05:04,739 --> 01:05:06,039 I love you. 1125 01:05:10,477 --> 01:05:12,045 I love you, too. 1126 01:05:16,350 --> 01:05:20,053 So, how's the site coming along? 1127 01:05:20,187 --> 01:05:21,756 Work in progress. 1128 01:05:21,890 --> 01:05:24,024 I got the boys working on something right now. 1129 01:05:24,191 --> 01:05:26,528 Yeah? What're they working on? 1130 01:05:27,862 --> 01:05:30,264 Something to help improve customer experience, 1131 01:05:30,397 --> 01:05:33,535 give people that in-store touchy feeling. 1132 01:05:33,668 --> 01:05:36,236 You know, the human touch when shopping. 1133 01:05:38,205 --> 01:05:39,774 You came up with that on your own? 1134 01:05:39,908 --> 01:05:41,676 Yeah, last night in the garage. 1135 01:05:45,713 --> 01:05:47,873 Still gotta figure out a new name for the site, though. 1136 01:05:48,949 --> 01:05:50,885 Wait. You're a writer. 1137 01:05:51,051 --> 01:05:52,720 You should have hundreds of ideas. 1138 01:05:54,221 --> 01:05:55,523 Okay. 1139 01:05:57,057 --> 01:05:59,226 - I don't know. - Come on. 1140 01:06:01,729 --> 01:06:05,232 But I... I struggle with titles, like, I... 1141 01:06:08,736 --> 01:06:15,242 How 'bout... earthsbiggestbookstore.com? 1142 01:06:16,911 --> 01:06:19,581 Little wordy. Great tagline, though. 1143 01:06:21,081 --> 01:06:22,316 Sorry. 1144 01:06:22,449 --> 01:06:24,919 Anyways, we have bigger fish to fry. 1145 01:06:26,253 --> 01:06:28,255 - Investors? - Yup. 1146 01:06:28,790 --> 01:06:31,593 I sometimes feel like these investors are just wasting 1147 01:06:31,759 --> 01:06:33,595 my life away, to be honest. 1148 01:06:34,929 --> 01:06:36,764 I'm sure you'll figure something out. 1149 01:06:39,266 --> 01:06:40,768 It better happen soon. 1150 01:06:43,805 --> 01:06:45,405 We're running out of time. 1151 01:06:46,440 --> 01:06:48,910 MAN ON TV: The plan's to open 97 new superstores 1152 01:06:49,009 --> 01:06:52,246 in addition to its already existing 261 locations. 1153 01:06:52,346 --> 01:06:54,266 Will this be the end for independent booksellers? 1154 01:06:54,348 --> 01:06:55,984 Would you mind turning that TV off? 1155 01:06:58,620 --> 01:07:00,822 - MAN ON TV: Up next! - [TV shuts off] 1156 01:07:01,623 --> 01:07:04,291 [keyboard clacking] 1157 01:07:06,961 --> 01:07:08,328 Still don't like it. 1158 01:07:09,697 --> 01:07:11,131 Why not? 1159 01:07:11,799 --> 01:07:13,467 It's not clever enough. 1160 01:07:15,302 --> 01:07:16,971 You said you wanted it simple. 1161 01:07:17,639 --> 01:07:20,508 Simple, but it needs to have a little bit of... 1162 01:07:20,642 --> 01:07:21,976 What's that word? 1163 01:07:22,109 --> 01:07:24,344 - Charm? - Exactly. 1164 01:07:24,478 --> 01:07:28,816 You see, it needs to be charming, make customers smile. 1165 01:07:33,320 --> 01:07:34,656 What's a smile again? 1166 01:07:35,355 --> 01:07:37,491 I think it's the opposite of that. 1167 01:07:42,195 --> 01:07:43,865 We'll tackle it after lunch. 1168 01:07:44,732 --> 01:07:46,333 You care to join us? 1169 01:07:47,367 --> 01:07:48,903 Not today, boys. 1170 01:07:49,037 --> 01:07:51,305 I need to go have lunch with an investor. 1171 01:07:54,374 --> 01:07:55,710 - Jeff. - Yeah. 1172 01:07:55,843 --> 01:07:57,244 Before you go... 1173 01:07:58,546 --> 01:08:00,491 There's a couple of things that we've been meaning 1174 01:08:00,515 --> 01:08:02,149 - to talk to you about. - Sure. 1175 01:08:02,249 --> 01:08:05,053 First, any luck getting us that help? 1176 01:08:05,587 --> 01:08:08,155 The ad's out, but, you know, I haven't got any leads. 1177 01:08:08,255 --> 01:08:10,424 You mean this job ad? 1178 01:08:12,026 --> 01:08:14,662 "You must have experience designing and building large 1179 01:08:14,762 --> 01:08:16,764 and complex, yet maintainable systems, 1180 01:08:16,898 --> 01:08:19,099 and you should be able to do so in about one-third 1181 01:08:19,232 --> 01:08:21,569 of the time that most competent people think possible." 1182 01:08:21,703 --> 01:08:24,237 - Perfect. - "You should have a master's 1183 01:08:24,371 --> 01:08:26,011 degree or doctorate from a top university. 1184 01:08:26,040 --> 01:08:28,610 World class communication skills are essential." 1185 01:08:28,743 --> 01:08:30,210 Excellent. 1186 01:08:32,179 --> 01:08:33,548 You go. 1187 01:08:33,715 --> 01:08:35,550 It'll sound nicer in an English accent. 1188 01:08:36,551 --> 01:08:38,218 With all due respect, Jeffrey, 1189 01:08:38,886 --> 01:08:40,722 have you lost your bloody mind? 1190 01:08:41,221 --> 01:08:42,790 Why on Earth would someone 1191 01:08:42,924 --> 01:08:44,644 with those qualifications want to work here? 1192 01:08:44,759 --> 01:08:46,226 You're both working here. 1193 01:08:46,393 --> 01:08:47,895 But you're not describing us at all. 1194 01:08:48,062 --> 01:08:50,031 Shel attended UC Santa Cruz. 1195 01:08:50,130 --> 01:08:52,066 I got my postdoc in Israel. 1196 01:08:52,232 --> 01:08:54,802 We're not the best, we're merely the most 1197 01:08:54,936 --> 01:08:57,939 willing to work like dogs for ludicrously low pay. 1198 01:08:58,806 --> 01:09:00,742 Time is running out, Jeff, you gotta get off 1199 01:09:00,908 --> 01:09:03,028 your high horse and hire whoever the hell you can get. 1200 01:09:03,111 --> 01:09:05,479 So, basically any capable human being? 1201 01:09:07,280 --> 01:09:09,249 All right. I'll put MacKenzie on it, 1202 01:09:09,416 --> 01:09:11,394 but we gotta figure out where we're gonna put these people. 1203 01:09:11,418 --> 01:09:13,821 That brings us to the second thing 1204 01:09:13,955 --> 01:09:15,590 we wanted to talk to you about. 1205 01:09:15,757 --> 01:09:17,959 I mean, look around, Jeff, come on. 1206 01:09:19,093 --> 01:09:20,928 We could move those file cabinets 1207 01:09:21,095 --> 01:09:23,598 and squeeze in a couple of desks over there. 1208 01:09:24,932 --> 01:09:27,969 How are we gonna buy desks? We've got no money. 1209 01:09:28,102 --> 01:09:30,672 - Jeff! - Fine. 1210 01:09:30,805 --> 01:09:32,940 We'll figure something out. All right? 1211 01:09:33,440 --> 01:09:34,942 Maybe I'll use a door. 1212 01:09:39,914 --> 01:09:41,649 [door closes] 1213 01:09:42,482 --> 01:09:45,352 Niko! How are you? It's Jeff. 1214 01:09:46,253 --> 01:09:51,324 [laughs] We're in Seattle working on a new startup. 1215 01:09:51,993 --> 01:09:53,493 You wanna come over? 1216 01:09:55,630 --> 01:09:57,031 The pay's shit. 1217 01:09:59,499 --> 01:10:02,103 Sure, it probably pays more than that. 1218 01:10:04,204 --> 01:10:06,440 All right. I'll send you some information. 1219 01:10:07,709 --> 01:10:09,143 Bye. 1220 01:10:12,714 --> 01:10:16,184 [phone ringing] 1221 01:10:16,884 --> 01:10:19,721 Hello? Arthur! 1222 01:10:19,854 --> 01:10:21,689 It's good to hear from you. 1223 01:10:22,289 --> 01:10:23,524 How's the business coming? 1224 01:10:25,893 --> 01:10:28,663 Yeah. That's what I like to hear. 1225 01:10:28,830 --> 01:10:31,165 So, to what do I owe the pleasure today? 1226 01:10:34,669 --> 01:10:39,874 Yeah, yeah, I've heard of it, the so-called online bookstore. 1227 01:10:44,979 --> 01:10:46,214 Really? 1228 01:10:47,347 --> 01:10:50,918 Yeah, uh... I... Thanks, Arthur, I appreciate you telling me. 1229 01:10:51,052 --> 01:10:53,030 Oh, you better believe I'm gonna take care of this. 1230 01:10:53,054 --> 01:10:56,423 Yeah, thanks again. Yeah, we'll talk soon. 1231 01:10:59,594 --> 01:11:01,028 This is where the magic happens. 1232 01:11:09,036 --> 01:11:10,738 It's a dump. 1233 01:11:10,872 --> 01:11:13,508 I know. Come on, that's your desk right over there. 1234 01:11:20,413 --> 01:11:22,049 Is this a door? 1235 01:11:22,550 --> 01:11:23,951 It's the best desk money can buy. 1236 01:11:25,920 --> 01:11:27,622 Now, here's the rest of the team. 1237 01:11:27,755 --> 01:11:30,057 Shel, Paul, MacKenzie you know. 1238 01:11:30,224 --> 01:11:31,893 NIKO: Of course. Hey, MacKenzie. 1239 01:11:32,059 --> 01:11:35,062 So, you've got your computer, your full setup there. 1240 01:11:35,563 --> 01:11:37,565 - SHEL: Hey, Jeff. - Slight problem. 1241 01:11:37,698 --> 01:11:39,100 JEFF: How slight? 1242 01:11:39,233 --> 01:11:40,968 One that threatens our very existence. 1243 01:11:41,102 --> 01:11:42,570 British drôlerie there? 1244 01:11:42,737 --> 01:11:44,972 No, deadly serious, I'm afraid. 1245 01:11:45,773 --> 01:11:47,742 I went to run a test on the checkout 1246 01:11:47,909 --> 01:11:49,911 to see if we could order an actual book 1247 01:11:50,077 --> 01:11:52,146 and, to my horror, the distributor requires 1248 01:11:52,280 --> 01:11:54,447 a 10-book minimum order on all retailers. 1249 01:11:54,582 --> 01:11:55,917 What? 1250 01:11:56,083 --> 01:11:58,418 Ten books per order, no exceptions. 1251 01:11:58,586 --> 01:11:59,887 That makes no sense. 1252 01:11:59,987 --> 01:12:02,156 I know. I told them that. 1253 01:12:02,290 --> 01:12:04,050 But seeing as they're the largest distributor 1254 01:12:04,091 --> 01:12:05,960 with five million titles and I'm a nobody, 1255 01:12:06,127 --> 01:12:07,887 they weren't really interested in my opinion. 1256 01:12:07,929 --> 01:12:10,097 It's just how they've always done business. 1257 01:12:10,264 --> 01:12:11,966 Let's try a different distributor. 1258 01:12:12,099 --> 01:12:14,001 The only other distributor that matters 1259 01:12:14,135 --> 01:12:15,770 has the identical policy. 1260 01:12:15,937 --> 01:12:18,840 I humbled myself, begged them to let our poor, 1261 01:12:18,973 --> 01:12:21,275 fledgling company order less than a minimum 1262 01:12:21,441 --> 01:12:23,678 and they told me to go fuck myself. 1263 01:12:24,444 --> 01:12:27,480 Not in those words exactly, but pretty close. 1264 01:12:28,983 --> 01:12:30,450 So, what's the bottom line? 1265 01:12:31,285 --> 01:12:32,653 For every one book we order, 1266 01:12:32,787 --> 01:12:34,354 we're gonna have to pay for ten. 1267 01:12:34,487 --> 01:12:36,127 We're gonna burn through our cash reserves 1268 01:12:36,257 --> 01:12:38,192 in less than three months. 1269 01:12:38,793 --> 01:12:40,661 And then we'll be swimming in inventory 1270 01:12:40,795 --> 01:12:42,630 we don't even need with no place to put it. 1271 01:12:48,836 --> 01:12:52,340 [tense soft music playing] 1272 01:12:53,341 --> 01:12:55,142 How does the payment work? 1273 01:12:56,811 --> 01:12:59,013 Do they charge you when you order the book? 1274 01:13:00,480 --> 01:13:01,883 Or when they ship it? 1275 01:13:02,650 --> 01:13:04,151 Or when we actually get it? 1276 01:13:04,318 --> 01:13:06,621 - When the books arrive. - You're sure? 1277 01:13:06,721 --> 01:13:08,122 Yeah. 1278 01:13:08,222 --> 01:13:09,957 So, if we order ten books, 1279 01:13:10,057 --> 01:13:11,659 but only seven arrive... 1280 01:13:11,826 --> 01:13:13,393 We're only billed for the seven. 1281 01:13:13,527 --> 01:13:15,329 - Niko! - Yeah. 1282 01:13:15,495 --> 01:13:16,898 You were a biology teacher. 1283 01:13:17,031 --> 01:13:19,000 - Yeah. - I need you to find me 1284 01:13:19,166 --> 01:13:21,035 the most obscure science book out there. 1285 01:13:21,168 --> 01:13:23,137 Something that is impossible to find. 1286 01:13:28,542 --> 01:13:31,178 [keyboard clacking] 1287 01:13:36,684 --> 01:13:38,352 Here's a hot title. 1288 01:13:38,519 --> 01:13:41,222 The Lichen-Flora of Chicago and Vicinity 1289 01:13:41,355 --> 01:13:43,391 by William Wirt Calkins. 1290 01:13:43,524 --> 01:13:48,896 Carver Press. 1896. Definitely out of print. 1291 01:13:49,030 --> 01:13:50,765 Perfect. 1292 01:13:50,898 --> 01:13:52,867 Now, what's the name of the new Grisham book? 1293 01:13:53,000 --> 01:13:54,702 The Rainmaker. 1294 01:13:54,869 --> 01:13:56,869 Let's go ahead and order one copy of The Rainmaker, 1295 01:13:57,538 --> 01:14:00,875 nine copies of Niko's science book. 1296 01:14:02,043 --> 01:14:04,111 And the distributor should only charge us 1297 01:14:04,245 --> 01:14:05,947 for the one copy of The Rainmaker. 1298 01:14:06,781 --> 01:14:08,783 Yeah. And if any of the back ordered books arrive, 1299 01:14:08,916 --> 01:14:10,217 we'll just return them. 1300 01:14:11,218 --> 01:14:12,620 Now what? 1301 01:14:12,753 --> 01:14:14,255 We wait, I suppose. 1302 01:14:14,722 --> 01:14:17,725 No. Full speed ahead. 1303 01:14:17,892 --> 01:14:19,360 Even if it's off a cliff? 1304 01:14:19,492 --> 01:14:22,630 [chuckles] We've done worse. Let's go! 1305 01:14:22,763 --> 01:14:26,133 - Full steam. - [phone rings] 1306 01:14:26,267 --> 01:14:27,768 Hello? 1307 01:14:29,437 --> 01:14:30,738 Yeah, this is him. 1308 01:14:36,077 --> 01:14:38,913 I'm available. Tomorrow? 1309 01:14:42,116 --> 01:14:44,452 I'll be there. Thank you. 1310 01:14:50,224 --> 01:14:51,993 That was Leonard Riggio of Barnes & Noble. 1311 01:14:52,126 --> 01:14:53,493 What did he want? 1312 01:14:53,627 --> 01:14:54,996 He wants to meet tomorrow. 1313 01:14:55,796 --> 01:14:58,065 Something about a business opportunity. 1314 01:14:58,566 --> 01:15:00,101 Well, that's good. 1315 01:15:01,102 --> 01:15:04,672 Yeah. That's good. 1316 01:15:05,272 --> 01:15:08,809 [dramatic music playing] 1317 01:15:21,655 --> 01:15:25,593 [epic tribal music playing] 1318 01:15:35,002 --> 01:15:38,339 [tense music playing] 1319 01:15:38,472 --> 01:15:41,475 - Jeff? - Oh. Mr. Riggio. 1320 01:15:42,843 --> 01:15:44,545 - Pleasure. - Good to see you. 1321 01:15:46,781 --> 01:15:48,682 What would you like to talk about? 1322 01:15:48,816 --> 01:15:51,852 [exhales] An old friend gave me a call the other day. 1323 01:15:53,020 --> 01:15:54,688 Told me about you, actually. 1324 01:15:55,289 --> 01:15:57,191 Seems you didn't take my advice 1325 01:15:57,324 --> 01:16:00,628 and you're still going around trying to get investments. 1326 01:16:01,128 --> 01:16:02,663 Can you blame me? 1327 01:16:03,864 --> 01:16:07,068 See, it's not that you're pursuing this silly little idea 1328 01:16:07,201 --> 01:16:09,336 that bothers me, it's the fact that apparently 1329 01:16:09,503 --> 01:16:10,738 you still are referring to it 1330 01:16:10,871 --> 01:16:12,173 as the world's biggest bookstore. 1331 01:16:13,674 --> 01:16:15,209 I don't see a problem with it. 1332 01:16:15,342 --> 01:16:17,211 You... You don't see why that offends me? 1333 01:16:18,012 --> 01:16:19,914 - No. - Well, then, I'll tell you. 1334 01:16:21,682 --> 01:16:23,584 How old are you Jeff? What, about 35? 1335 01:16:23,717 --> 01:16:25,252 Thirty-one. 1336 01:16:25,386 --> 01:16:28,389 When you were a one-year-old, 1337 01:16:28,523 --> 01:16:32,860 I opened a little shop called, uh, Student Book Exchange. 1338 01:16:33,528 --> 01:16:35,696 I was just a kid at the time at NYU, 1339 01:16:35,830 --> 01:16:39,366 but it turned into be a major retailer. 1340 01:16:39,534 --> 01:16:41,268 Coast to coast. 1341 01:16:41,402 --> 01:16:43,538 Well, I mean, that's amazing. 1342 01:16:43,671 --> 01:16:46,240 You should just listen, you might learn something. 1343 01:16:47,374 --> 01:16:49,210 So, a little bit later, 1344 01:16:49,343 --> 01:16:51,021 it was when you were about seven years old, 1345 01:16:51,045 --> 01:16:54,048 I acquired a little shop called Barnes & Noble, 1346 01:16:54,215 --> 01:16:56,250 and I liked its name, so I used it 1347 01:16:56,383 --> 01:16:58,219 after I picked up a few hundred more shops. 1348 01:16:59,220 --> 01:17:02,056 But Wall Street said, "Well, there's no more room, 1349 01:17:02,223 --> 01:17:04,425 my friend, to grow in the book industry," 1350 01:17:04,559 --> 01:17:09,230 and I said, "Fuck you. I'm just getting started." 1351 01:17:10,264 --> 01:17:12,601 And that's when I invented the superstore. 1352 01:17:13,234 --> 01:17:16,971 So, you don't understand why you calling yourself 1353 01:17:17,104 --> 01:17:18,906 the world's biggest bookstore offends me? 1354 01:17:19,608 --> 01:17:22,309 Well, it's because it's a goddamn lie. 1355 01:17:22,443 --> 01:17:25,446 We hold that title and will for many more years to come. 1356 01:17:25,980 --> 01:17:27,748 And if we ever lose it, 1357 01:17:27,915 --> 01:17:32,720 it'll be to Crown or, I don't know, Kmart or Borders. 1358 01:17:34,088 --> 01:17:36,591 Not to some dope who's working out of a shit hole, 1359 01:17:36,757 --> 01:17:39,760 who hasn't sold one single book in his entire life. 1360 01:17:39,860 --> 01:17:41,061 I understand. 1361 01:17:41,162 --> 01:17:44,231 Yeah, I'm pretty articulate. 1362 01:17:45,933 --> 01:17:48,570 You see, it's not meant to be taken literally. 1363 01:17:49,270 --> 01:17:51,238 It's just a way for our customers to understand 1364 01:17:51,338 --> 01:17:54,008 the vast extent and potential of the Internet. 1365 01:17:54,141 --> 01:17:56,177 See, I don't care what your intentions are, 1366 01:17:56,310 --> 01:17:58,279 just stop saying it. 1367 01:17:59,280 --> 01:18:01,949 You don't and I'll sue your ass. 1368 01:18:02,651 --> 01:18:05,085 But not right now, no. 1369 01:18:05,186 --> 01:18:07,426 Not even after you've actually sold a few thousand books. 1370 01:18:07,454 --> 01:18:09,658 I'm gonna wait for just the right time, 1371 01:18:09,790 --> 01:18:11,125 like the week that you go public. 1372 01:18:11,759 --> 01:18:13,827 And then you'll be dead in the crib. 1373 01:18:14,529 --> 01:18:17,965 Or I can make you a proposal right now 1374 01:18:18,132 --> 01:18:21,035 so we can bury this idea five feet, under where it belongs. 1375 01:18:22,637 --> 01:18:25,507 Barnes & Noble is willing to acquire this idea 1376 01:18:25,640 --> 01:18:28,342 from you for the gracious sum of $1 million. 1377 01:18:29,511 --> 01:18:31,812 I mean, God knows that's more than what it's worth. 1378 01:18:32,279 --> 01:18:34,215 But, you know, it should be enough for you 1379 01:18:34,348 --> 01:18:35,816 to cover and recoup your losses, 1380 01:18:35,950 --> 01:18:37,519 pay whoever you owe, 1381 01:18:37,652 --> 01:18:40,821 and bother someone other than myself. 1382 01:18:42,122 --> 01:18:43,490 You're naive. 1383 01:18:44,992 --> 01:18:48,663 Frankly, insults me to a degree, 1384 01:18:48,829 --> 01:18:54,735 but you have ambition that reminds me of my younger self. 1385 01:18:55,670 --> 01:18:57,672 I, too, had dreams of being a conqueror, 1386 01:18:57,838 --> 01:19:02,743 but you would be a fool not to take this offer. 1387 01:19:07,682 --> 01:19:09,016 See, you have one thing wrong. 1388 01:19:10,918 --> 01:19:12,419 I'm not a conqueror. 1389 01:19:14,021 --> 01:19:15,523 I'm an explorer. 1390 01:19:15,690 --> 01:19:17,391 [chuckles] What's the difference? 1391 01:19:19,193 --> 01:19:20,761 It pays to explore. 1392 01:19:23,230 --> 01:19:25,833 You remember that time at that bar in Miami? 1393 01:19:27,234 --> 01:19:28,769 I was so excited. 1394 01:19:28,902 --> 01:19:31,706 I'm meeting Leonard Riggio, the legend, 1395 01:19:31,872 --> 01:19:35,710 CEO of Barnes & Noble, and inviting him 1396 01:19:35,876 --> 01:19:39,380 on this journey with me to invest in amazon.com. 1397 01:19:40,881 --> 01:19:42,684 And when you walked out on that meeting, 1398 01:19:42,783 --> 01:19:44,552 I realized something. 1399 01:19:47,454 --> 01:19:51,392 You're the past and I'm the future. 1400 01:19:52,727 --> 01:19:55,630 And one day, your stores will start to close, 1401 01:19:55,764 --> 01:19:57,599 just like all those independent bookstores 1402 01:19:57,732 --> 01:19:59,900 you proudly put out of business. 1403 01:20:00,635 --> 01:20:03,571 And your empire will begin to crumble 1404 01:20:04,138 --> 01:20:06,940 the day that my website goes live. 1405 01:20:07,074 --> 01:20:10,110 [tense music playing] 1406 01:20:21,589 --> 01:20:22,823 [door opens] 1407 01:20:24,058 --> 01:20:26,994 [dramatic music playing] 1408 01:20:28,962 --> 01:20:31,465 Jeff? How'd it go? 1409 01:20:31,599 --> 01:20:33,167 - Good. - [spray paint can spraying] 1410 01:20:33,300 --> 01:20:35,102 He offered to buy us out. 1411 01:20:35,770 --> 01:20:37,271 - What? - How much? 1412 01:20:37,404 --> 01:20:38,773 A million. 1413 01:20:38,906 --> 01:20:41,175 [all cheering] 1414 01:20:41,643 --> 01:20:43,444 Yes! 1415 01:20:45,145 --> 01:20:47,114 You said yes, right? 1416 01:20:47,615 --> 01:20:49,316 I told him to go fuck himself. 1417 01:20:49,450 --> 01:20:51,118 Are you bloody mad? 1418 01:20:53,755 --> 01:20:56,990 You see, he's willing to pay us a million dollars 1419 01:20:57,124 --> 01:20:59,993 before we're even live. Doesn't that tell you anything? 1420 01:21:00,160 --> 01:21:03,130 He's scared. He's scared of what we're gonna become. 1421 01:21:03,297 --> 01:21:05,165 Jeff, be sensible. 1422 01:21:05,299 --> 01:21:07,669 We don't have any cash, we don't have any investors. 1423 01:21:07,802 --> 01:21:09,802 At this rate, we're never gonna get off the ground. 1424 01:21:09,838 --> 01:21:11,506 Why are you challenging me about this? 1425 01:21:11,639 --> 01:21:13,675 I'm not challenging you. 1426 01:21:13,808 --> 01:21:15,810 Listen, do I need to go under this table, 1427 01:21:15,976 --> 01:21:17,712 get the certificate that says I'm the CEO 1428 01:21:17,846 --> 01:21:19,781 of this company to tell you to trust me? 1429 01:21:20,648 --> 01:21:22,015 Honey... 1430 01:21:22,650 --> 01:21:26,186 Anyways, after what I told him, that deal's gone. 1431 01:21:26,320 --> 01:21:28,188 But I do have good news. 1432 01:21:28,322 --> 01:21:31,693 What good news could you possibly give us after this? 1433 01:21:31,826 --> 01:21:33,127 Our name. 1434 01:21:34,361 --> 01:21:35,830 Come on. Get close. 1435 01:21:35,996 --> 01:21:37,665 Come on! Drumroll, please. 1436 01:21:37,832 --> 01:21:42,236 ♪♪♪ 1437 01:21:47,509 --> 01:21:50,077 Whoa! 1438 01:21:51,513 --> 01:21:52,913 I like that! 1439 01:21:53,046 --> 01:21:55,750 [laughs] Amazon.com! 1440 01:21:55,884 --> 01:21:57,985 Named after the world's largest river! 1441 01:21:58,085 --> 01:22:00,988 Actually, five times bigger than the second largest river. 1442 01:22:01,088 --> 01:22:02,923 Bet he tells us what it is. 1443 01:22:03,056 --> 01:22:04,826 The Congo, of course. 1444 01:22:04,925 --> 01:22:06,960 Amazon.com is a name we'll never need to change. 1445 01:22:07,094 --> 01:22:11,098 It tells everybody that we are the world's biggest bookstore. 1446 01:22:11,231 --> 01:22:13,535 And it starts with an A, just for you. 1447 01:22:16,437 --> 01:22:22,409 - Yeah. - Um, is it Amazon.com 1448 01:22:23,076 --> 01:22:26,046 or without and just Amazon? 1449 01:22:26,213 --> 01:22:29,383 It's Amazon.com. The dot com is... is to be included 1450 01:22:29,551 --> 01:22:31,084 in every instance. 1451 01:22:31,218 --> 01:22:34,955 One more question. Um, why? 1452 01:22:35,857 --> 01:22:37,792 See, the dot com tells our customers 1453 01:22:37,926 --> 01:22:41,563 that we exist exclusively on the internet. 1454 01:22:41,696 --> 01:22:44,231 That's true of a lot of places. 1455 01:22:44,866 --> 01:22:46,634 No one else uses the dot com. 1456 01:22:47,569 --> 01:22:49,804 But we will be the first. 1457 01:22:52,439 --> 01:22:54,909 All right. Niko, you still got those friends in New York? 1458 01:22:55,075 --> 01:22:56,911 Sure, I know some guys. 1459 01:22:57,044 --> 01:22:58,421 Well, we need to raise some money fast. 1460 01:22:58,445 --> 01:22:59,914 Let's get some new investors. 1461 01:23:00,047 --> 01:23:01,415 Shel, let's pull up that homepage. 1462 01:23:01,583 --> 01:23:02,917 Come on, let's get to work. 1463 01:23:07,254 --> 01:23:10,090 Now, see where it says "World's Biggest Bookstore?" 1464 01:23:10,725 --> 01:23:12,259 Cut it. 1465 01:23:12,426 --> 01:23:14,495 Now, scroll all the way to the top. 1466 01:23:16,096 --> 01:23:19,601 Right there. On the top. 1467 01:23:24,004 --> 01:23:25,305 Bolder. 1468 01:23:26,106 --> 01:23:28,977 Bolder. Perfect. 1469 01:23:31,813 --> 01:23:35,249 [gentle music playing] 1470 01:23:51,131 --> 01:23:56,671 ♪♪♪ 1471 01:23:56,804 --> 01:23:58,272 [Jeff chuckles] 1472 01:24:02,544 --> 01:24:04,444 NIKO: Yeah. 1473 01:24:23,130 --> 01:24:25,867 - It worked! - [laughs] 1474 01:24:26,000 --> 01:24:29,003 - Whoo! - PAUL: Nice. 1475 01:24:29,136 --> 01:24:31,338 - [laughter] - NIKO: Oh, wow. 1476 01:24:32,674 --> 01:24:34,576 Because it's an online model, 1477 01:24:34,709 --> 01:24:37,011 we believe we can have significant cost advantages 1478 01:24:37,144 --> 01:24:38,880 and undercut our competitors. 1479 01:24:39,013 --> 01:24:40,682 And what's to stop them both from opening 1480 01:24:40,815 --> 01:24:42,584 their own online stores? 1481 01:24:42,717 --> 01:24:44,877 Well, they likely will. Um, but they're doomed to fail. 1482 01:24:44,986 --> 01:24:46,630 Because they're probably gonna be competing 1483 01:24:46,654 --> 01:24:48,221 with themselves in that scenario, right? 1484 01:24:48,355 --> 01:24:50,357 Exactly. Their physical locations. 1485 01:24:50,490 --> 01:24:52,135 And to compete, they're gonna have to close 1486 01:24:52,159 --> 01:24:53,728 those physical locations, 1487 01:24:53,861 --> 01:24:55,597 and I doubt they're gonna do that. 1488 01:24:55,730 --> 01:24:57,541 And if they do, it's not gonna be anytime soon. 1489 01:24:57,565 --> 01:24:59,534 By then, Amazon will have the market share 1490 01:24:59,701 --> 01:25:01,268 and it'll be too late. 1491 01:25:01,401 --> 01:25:04,038 Exactly. We believe that we will probably lose money 1492 01:25:04,204 --> 01:25:06,373 for up to 20 years. 1493 01:25:06,507 --> 01:25:09,544 Uh, but at Amazon.com, we're focused on the long-term. 1494 01:25:09,677 --> 01:25:12,245 Uh, not short-term profitability. 1495 01:25:12,379 --> 01:25:15,083 Um, because we don't charge our customers sales tax, 1496 01:25:15,215 --> 01:25:18,720 uh, we believe we can continue to gain market share, 1497 01:25:18,853 --> 01:25:20,622 um, without profitability. 1498 01:25:20,755 --> 01:25:23,725 You're talking about monopolizing the market here. 1499 01:25:23,891 --> 01:25:25,893 You really want to get into that, Mr. Bezos? 1500 01:25:26,060 --> 01:25:29,229 Monopolizing is... is a very, uh, harsh word. 1501 01:25:29,396 --> 01:25:31,532 Um, it's more survival of the fittest. 1502 01:25:31,633 --> 01:25:33,601 Um, the smaller companies will fail. 1503 01:25:33,735 --> 01:25:35,870 Obviously, in order for us to succeed, 1504 01:25:35,970 --> 01:25:37,939 we need to continuously be raising capital, 1505 01:25:38,072 --> 01:25:41,441 and, um, this company will require significant amounts 1506 01:25:41,576 --> 01:25:43,645 of capital if we're gonna build the infrastructure 1507 01:25:43,778 --> 01:25:45,218 and the system to have higher revenue 1508 01:25:45,278 --> 01:25:46,814 and higher profitability down the road. 1509 01:25:46,948 --> 01:25:48,983 INVESTOR 1: But you have so many big box stores. 1510 01:25:49,117 --> 01:25:50,794 They're not gonna let you get away with this. 1511 01:25:50,818 --> 01:25:52,787 Well, physical locations are paying up 1512 01:25:52,920 --> 01:25:55,255 to $10 a square foot when we pay pennies 1513 01:25:55,422 --> 01:25:56,824 a square foot for our warehouses 1514 01:25:56,958 --> 01:25:58,559 that can be located just outside 1515 01:25:58,660 --> 01:26:00,394 of big metropolitan areas. 1516 01:26:00,494 --> 01:26:02,654 Uh, we only have a small facility right now in Seattle, 1517 01:26:02,764 --> 01:26:05,800 but we believe expanding those facilities nationwide 1518 01:26:05,933 --> 01:26:08,102 will get the product to our customers quicker 1519 01:26:08,268 --> 01:26:11,271 and allow us to maintain that lower cost structure. 1520 01:26:11,438 --> 01:26:13,641 To me, if I'm hearing you correctly, 1521 01:26:13,775 --> 01:26:15,610 you're open 24 hours, 1522 01:26:15,777 --> 01:26:18,178 it's faster and easier to buy books, 1523 01:26:18,311 --> 01:26:20,247 it's cheaper 'cause of sales tax, 1524 01:26:20,347 --> 01:26:22,349 and it's cheaper for you to deliver that 1525 01:26:22,482 --> 01:26:24,686 'cause you don't have the cost of brick and mortar. 1526 01:26:24,819 --> 01:26:26,319 Does it end with books, 1527 01:26:26,453 --> 01:26:28,188 or would there be an opportunity to sell 1528 01:26:28,321 --> 01:26:30,281 other products and services to this customer base? 1529 01:26:30,323 --> 01:26:33,127 Other categories that we look to expand into are music 1530 01:26:33,293 --> 01:26:36,463 and, um, other vast library categories. 1531 01:26:36,597 --> 01:26:39,033 [upbeat electronic music playing] 1532 01:26:45,973 --> 01:26:49,309 I mean that was the greatest performance ever. 1533 01:26:49,443 --> 01:26:51,344 - Thanks! - And it means a lot, like, 1534 01:26:51,478 --> 01:26:53,514 when you said full steam ahead, like this... 1535 01:26:53,648 --> 01:26:55,348 But what about small businesses? 1536 01:26:55,482 --> 01:26:57,819 - What about 'em? - They're honest people. 1537 01:26:57,952 --> 01:26:59,687 We're a small business, 1538 01:26:59,821 --> 01:27:01,221 we should be helping each other out. 1539 01:27:01,288 --> 01:27:02,990 We won't be for long. 1540 01:27:03,124 --> 01:27:05,827 If this is gonna work, we have to continue to scale. 1541 01:27:09,530 --> 01:27:11,666 - [indistinct chatter] - All right, team. 1542 01:27:13,300 --> 01:27:17,337 So, as you all know, beta testing begins today. 1543 01:27:17,839 --> 01:27:20,174 We've assembled a list of several hundred of our friends 1544 01:27:20,340 --> 01:27:22,342 and family that will be receiving a link 1545 01:27:22,476 --> 01:27:25,378 to a test site where they can place test orders. 1546 01:27:25,513 --> 01:27:27,347 Of course, they could place a real order, 1547 01:27:27,481 --> 01:27:28,649 but there's a chance that 1548 01:27:28,750 --> 01:27:30,151 there'll still be some glitches. 1549 01:27:30,250 --> 01:27:33,654 Now, there's a lot of work to be done 1550 01:27:33,755 --> 01:27:39,560 before the whole site goes live in July, but there's a saying. 1551 01:27:39,694 --> 01:27:41,596 You can work long, you can work hard, 1552 01:27:41,729 --> 01:27:43,197 and you can work smart, 1553 01:27:43,363 --> 01:27:44,766 but you can only pick two of them. 1554 01:27:45,365 --> 01:27:48,836 At Amazon.com, we need all three every single day. 1555 01:27:48,936 --> 01:27:52,272 If we're gonna make Amazon.com the world's greatest website, 1556 01:27:52,405 --> 01:27:55,076 it begins with all of our hard work. 1557 01:27:55,209 --> 01:27:56,611 So, let's go. 1558 01:27:57,578 --> 01:28:00,748 [applause] 1559 01:28:02,382 --> 01:28:05,253 [upbeat electronic music playing] 1560 01:28:05,385 --> 01:28:08,388 [keyboard clacking] 1561 01:28:17,397 --> 01:28:19,066 Ready? 1562 01:28:26,073 --> 01:28:28,976 - We're live. - [Jeff laughs] 1563 01:28:29,110 --> 01:28:32,580 [epic music playing] 1564 01:28:40,788 --> 01:28:44,258 [keyboard clacking] 1565 01:28:45,259 --> 01:28:46,493 [yawning] 1566 01:28:52,399 --> 01:28:54,334 I'm going to get something to eat. 1567 01:28:55,636 --> 01:28:57,004 Care to join me? 1568 01:28:59,106 --> 01:29:00,842 - I'm gonna hang back. - All right. 1569 01:29:01,576 --> 01:29:03,678 PAUL: Niko? NIKO: Yeah, I could eat. 1570 01:29:04,477 --> 01:29:07,181 - PAUL: Jeff? - I'm good, thank you. 1571 01:29:07,315 --> 01:29:10,450 - PAUL: All right. - [door opens, closes] 1572 01:29:24,431 --> 01:29:26,000 Jeff, can I talk to you for a second? 1573 01:29:26,133 --> 01:29:27,467 Sure. 1574 01:29:29,637 --> 01:29:31,639 So, I guess because we're on the home stretch now, 1575 01:29:31,806 --> 01:29:33,373 I've been thinking. 1576 01:29:33,507 --> 01:29:35,375 I look at everything I've given to this company 1577 01:29:35,509 --> 01:29:38,145 and quite frankly, I put everything I had into it. 1578 01:29:38,312 --> 01:29:40,014 Paul has, too. 1579 01:29:40,147 --> 01:29:41,716 I mean, we built the damn site. 1580 01:29:41,849 --> 01:29:43,329 The site is everything, you know that. 1581 01:29:43,985 --> 01:29:45,553 You guys are rock stars, I know. 1582 01:29:47,221 --> 01:29:49,123 So, I guess what I'm wondering is, 1583 01:29:49,223 --> 01:29:51,993 why aren't we founders along with you and MacKenzie? 1584 01:29:52,159 --> 01:29:54,461 Why aren't we receiving founder's shares? 1585 01:29:57,565 --> 01:29:58,966 'Cause you never asked. 1586 01:29:59,066 --> 01:30:01,736 [tense music playing] 1587 01:30:02,336 --> 01:30:04,572 You remember that time we got together for coffee? 1588 01:30:04,705 --> 01:30:06,574 Came up with the terms of your agreement, 1589 01:30:06,707 --> 01:30:09,644 wrote up the contract, which you signed. 1590 01:30:11,012 --> 01:30:16,017 Now, whatever the difference is from what you did receive 1591 01:30:17,351 --> 01:30:20,688 to what you believe you're due should be a lesson to you. 1592 01:30:21,389 --> 01:30:24,424 Know your worth, Shel. 1593 01:30:27,561 --> 01:30:29,664 When we had first met in that coffee shop, 1594 01:30:29,764 --> 01:30:31,265 I knew my worth. 1595 01:30:32,033 --> 01:30:34,168 I knew my worth so much, I was willing to follow 1596 01:30:34,268 --> 01:30:36,704 this dream of yours to revolutionize commerce. 1597 01:30:38,072 --> 01:30:39,907 I know you wanna change the world, 1598 01:30:40,041 --> 01:30:42,076 Jeff, but what're you trying to change it to? 1599 01:30:42,877 --> 01:30:44,745 Huh. To think I figured you out. 1600 01:30:52,586 --> 01:30:54,221 I just want to make history. 1601 01:30:55,222 --> 01:30:58,793 ♪♪♪ 1602 01:30:58,926 --> 01:31:02,730 [door opens, closes] 1603 01:31:38,265 --> 01:31:40,968 Hey. I'm going to bed. You should, too. 1604 01:31:41,102 --> 01:31:45,072 - [scoffs] I should, too. - No, but really. You should. 1605 01:31:46,607 --> 01:31:48,309 It's the weekend. 1606 01:31:48,442 --> 01:31:50,442 The test is running smoothly, and there's no reason 1607 01:31:50,511 --> 01:31:52,631 why you can't get a good night's sleep with your wife. 1608 01:31:54,615 --> 01:31:56,117 While you're at it, 1609 01:31:56,283 --> 01:31:57,928 why don't you send Paul and Shel home, too. 1610 01:31:57,952 --> 01:31:59,620 You're right. 1611 01:32:00,287 --> 01:32:02,023 Don't sound too excited. 1612 01:32:03,791 --> 01:32:08,095 I just feel like watching my toddler learn how to walk. 1613 01:32:09,797 --> 01:32:11,465 If I don't pay attention... 1614 01:32:11,632 --> 01:32:14,168 It's gonna crack its head open on a chrome coffee table? 1615 01:32:14,635 --> 01:32:16,170 Exactly. 1616 01:32:18,372 --> 01:32:20,007 That's a feeling I wouldn't trust. 1617 01:32:20,641 --> 01:32:22,009 It's just a test. 1618 01:32:22,877 --> 01:32:24,345 None of this matters yet, 1619 01:32:24,478 --> 01:32:26,313 it's gonna be a few weeks before any orders 1620 01:32:26,480 --> 01:32:28,716 even maybe come in, you know... 1621 01:32:28,849 --> 01:32:30,284 [computer chimes] 1622 01:32:30,384 --> 01:32:33,522 [emotional music playing] 1623 01:32:35,890 --> 01:32:37,725 Is that what I think it is? 1624 01:32:38,192 --> 01:32:40,661 Fluid Concepts and Creative Analogies. 1625 01:32:42,496 --> 01:32:43,697 Paid with a credit card. 1626 01:32:44,365 --> 01:32:45,866 We got our first order. 1627 01:32:47,001 --> 01:32:49,670 [Jeff laughs] 1628 01:32:49,804 --> 01:32:51,238 [laughs] 1629 01:32:56,844 --> 01:33:03,050 ♪♪♪ 1630 01:33:09,023 --> 01:33:13,227 [uplifting music playing] 1631 01:33:34,348 --> 01:33:40,454 ♪♪♪ 1632 01:33:56,070 --> 01:34:01,108 ♪♪♪ 1633 01:34:11,919 --> 01:34:16,924 ♪♪♪ 1634 01:34:30,605 --> 01:34:35,610 ♪♪♪ 1635 01:34:51,425 --> 01:34:56,463 ♪♪♪ 1636 01:35:25,359 --> 01:35:30,497 ♪♪♪ 1637 01:35:54,855 --> 01:36:01,095 ♪♪♪ 1638 01:36:23,284 --> 01:36:28,389 ♪♪♪ 1639 01:36:42,936 --> 01:36:47,975 ♪♪♪ 1640 01:36:54,716 --> 01:36:58,753 [soft electronic music playing] 1641 01:37:12,132 --> 01:37:17,171 ♪♪♪ 1642 01:37:34,455 --> 01:37:39,527 ♪♪♪ 1643 01:37:59,814 --> 01:38:04,819 ♪♪♪ 1644 01:38:09,657 --> 01:38:13,494 [uplifting music playing] 1645 01:38:33,681 --> 01:38:37,418 ♪♪♪ 1646 01:38:48,195 --> 01:38:52,867 ♪♪♪ 121730

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