BEZOS: I Have Spent Billions Of Dollars On Failed Bets - But I'll Never Do This

Amazon CEO Jeff Bezos explains the importance of "bold bets" with Henry Blodget at Business Insider's Ignition 2014. He says they've actually helped cover billions of dollars in failures.

Edited by Devan Joseph. Special thanks to Justin Gmoser and Sam Rega.

Follow BI Video: On Facebook

Complimentary Tech Event

Transform talent with learning that works

Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.