Entrepreneur Profile: Founder of Zappos.com - Elite Daily


Internet Entrepreneur Tony Hsieh is everything the Elite aspire to be: he made his fist couple hundred million before the age of 24 and is the co-founder of one of the largest online retailers in the world: Zappos.com. Hsieh's story is an inspirational one and is sure to cultivate ambition within your own entrepreneurial pursuit. 

Before getting into the details, allow me to set the scene for the founding of Hsieh's multi-billion dollar company: In 1998, 24-year-old Tony Hsieh sold his company, Internet advertiser LinkExchange, to Microsoft for $265 million. A year later, he met an even younger entrepreneur, Nick Swinmurn, who had an idea no investor would touch: selling shoes on the Internet.

But Hsieh was intrigued and invested $500,000 in ShoeSite.com (they soon changed the name to Zappos, after zapatos, which is Spanish for "shoes"). Within six months, he and Swinmurn were running the show together. Early this year, Swinmurn moved on, leaving Hsieh at the helm of a company that had a revenue of $1 billion in 2009.

On the beginning of the startup:

On the market:

On the brand:

On financing the business:

On hiring:

On moving to Las Vegas:

On Zappos' core:

On distinguishing from the competition:

On what was planned:

On the first offer to sell:

On Amazon's second attempt to buy:

On company tension arising:

On beating the board:

On Amazon:

On the negotiations:

On the final sale:

On the deal being a win-win