Two years after he founded his space company in the summer of 2004, Jeff Bezos penned a letter that greeted new employees with the message, “Welcome to Blue Origin!” A copy of this letter was subsequently given to new employees for nearly two decades.
At one point in the letter, Bezos questioned whether Blue Origin was a good investment.
“I accept that Blue Origin will not meet a reasonable investor’s expectations for return on investment over a typical investing horizon,” Bezos wrote. “It’s important to the peace of mind of those at Blue to know I won’t be surprised or disappointed when this prediction comes true. On the other hand, I do expect that over a very long-term horizon—perhaps even decades from now—Blue will be self-sustaining and operationally profitable, and will yield returns.”
