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Re:Jeff Bezos’ letter to shareholders by wheat7420 on Friday April 08, 2016 @12:10AM (#11452543)
Your quote is from the section where they are explaining their first attempt at an auction house and how it failed but how their current system of third party retailers is implementing a similar idea in a successful way.

They kept the same vision/goal but they learned from how their first attempt failed and iterated on it until it succeeded.

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