Amazon

tags:: #lec19 #computing #internet #library projects::

got generational wealth as support
he made it online because it has less overhead
centered in Washington bc it has no sales tax
offered customers convience
- did this to drive independant shops out of business
then VC firms backed him
- promotes "pump and dump" schemes
- Bezos refuses VC funding initially
takes the "winner takes all" stratagy
- believing that once they are on your platform it takes more work to switch so people wont
- he needs to destroy his competition
used the post-office system which was selling at a loss but VC money and going public during the .com boom kept them afloat
Online competators tried to build their own infrastructure and failed because of it
dot com Bubble