Jeff Bezos's D.E. Shaw pedigree

from Marc Andreessen – Why Andreessen Horowitz Is Investing in Rap Genius on Rap Genius

Meaning

In 1994 Jeff Bezos and Charles Ardai were in charge of helping David Shaw come up with new internet businesses. Bezos wanted to start an online bookstore, and Ardai wanted to launch a free email service.

Shaw sided with Ardai who then founded D.E. Shaw-backed Juno, and Bezos left to found Amazon.

Joel Spolsky actually worked at D.E. Shaw too (via Juno), but he wasn’t a fan of Ardai..

To some extent, Juno’s hopelessly inept management process is a factor of being a New York City company, not a West Coast company, so modern styles of management haven’t quite permeated. It’s also a problem caused by the deep inexperience of Juno’s managers, and it originates at the top — the CEO, a 29 year old who has never worked outside D. E. Shaw, who interferes in everything he can get his fingers into, including the wording on error messages that come up when things go wrong.

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