If feels like the CE industry is going through a little bit of what we're affectionately calling the Brady Bunch syndrome... except instead of "Marcia, Marcia, Marcia" you're probably screaming "Amazon, Amazon, Amazon!"
Yes, Amazon has collected a lot of accolades and has seemingly infiltrated every corner of the retail market, but that doesn't mean they have a perfect track record. In fact, Amazon CEO Jeff Bezos has a pretty light-hearted philosophy on failing.
“I’ve made billions of dollars of failures at Amazon.com," Bezos said in a Business Insider interview. "None of those things are fun. But they also don’t matter.”
“What really matters is, companies that don’t continue to experiment, companies that don’t embrace failure, they eventually get in a desperate position where the only thing they can do is a Hail Mary bet at the very end of their corporate existence,” Bezos added.
So, if you are going to fail, fail fast and move on. Don't get caught up in mistakes and failures because everyone makes them.
And if you want to feel better about your mistakes, click the red bar to see 8 of Amazon's failures and who beat them to the punch.
"We have worked extremely hard for the past seven years to get Quidsi to be profitable, and unfortunately we have not been able to do so," an Amazon spokeswoman told CNBC in a statement.
All of Quidsi's sites now redirect to hyper-specific subsections of Amazon.
Who beat them? Looking at you Jet.com. Quidsi's founder, Marc Lore, moved on from the project to found an even better idea in Jet.com, which was snatched up by Wal-Mart for a cool $3 billion in cash. So maybe it wasn't exactly a killing blow, but it proves that Amazon can make mistakes too.
Or maybe they marked up the business as too volatile to start a bidding war with big boxes like Wal-Mart and Target.