The NewCo Daily: Today’s Top Stories
Amazon’s 20-year story of innovation and customer-oriented growth has had its ups (like a focus on long-term planning over short-term results that has paid off for investors) and downs (like reports of a brutal culture that chews employees up). Jeff Bezos offers a fascinating glimpse of the thinking and mindset behind the company’s ascent in his annual letter to shareholders, which Recode reprinted last week.
Bezos’s mantra: Hold onto “day 1” as long as possible. Fight the idea that “day 2” has arrived. “Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1.”
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