ENTREPRENEURSHIP

Detailed explanation-1: -Jeffrey Preston Bezos (/ˈbeɪzoʊs/ BAY-zohss; né Jorgensen; born January 12, 1964) is an American entrepreneur, media proprietor, investor, and commercial astronaut. He is the founder, executive chairman, and former president and CEO of Amazon, the world’s largest e-commerce and cloud computing company.

Detailed explanation-2: -Jeff Bezos quit his job at an investment bank in 1994 and moved to Seattle, Washington, to open a virtual bookstore. Working out of his garage with a handful of employees, Bezos began developing the software for the site, which he called Amazon.com. It sold its first book in 1995.

Detailed explanation-3: -In 2013 Amazon.com founder Jeff Bezos bought the newspaper and affiliated publications for $250 million.

Detailed explanation-4: -The company was created as a result of what Jeff Bezos called his “regret minimization framework” – to avoid regretting, in his old age, not having tried to participate in the emerging internet with his own startup.

Detailed explanation-5: -Jeff had a feeling that the internet was going to be very popular, so he pitched the idea of starting an online bookstore to his boss. His boss said no, so in 1994, Jeff left his hedge fund job to start Amazon. His parents invested $300, 000 to help Amazon get started.