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[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:
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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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