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Question

Why did Jeff Bezos refuse to take Amazon into banking and travel?

Answered from Ex-Amazon VP tells us what it’s really like working with Jeff Bezos · My First Million · 2026-10-28

Ethan Evans said Jeff Bezos was pitched constantly to enter new industries and usually declined. With so many cards on file, staff urged him to become a bank, and Evans himself helped pitch competing with Expedia or Airbnb. Bezos avoided markets that were already well served or heavily regulated, because regulation slowed his ability to act. Evans said healthcare was also pitched, and Bezos only dabbled in it.

Source: our own transcription of the episode. The full conversation is on My First Million (2026-10-28). Read the whole episode summary →

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