Sunday, April 10, 2011

Tony Tsieh Could Have Been Richard Branson

New York Times: Why Is This Man Smiling?: In his book, Mr. Hsieh implies that the company’s investors forced him to make the Amazon deal
I have not read Tony's book, and this is the first time I am seeing somewhere he is hinting the sale was forced upon him, but I guessed that on my own a long time ago, and I strongly disapproved of it.

Zappos deserved an IPO. Zappos deserved an airline. The forced sale was an act of racism. Don't act surprised. I have made that statement before.

No, it was not about money. Those VCs would have made more money if Zappos had gone IPO.

The First Walmart Store


So Sam Walton decides he wants to take his company public. Although the company was in debt, its fundamentals were looking really strong. Besides he figured he could use the money generated from the IPO for the company's future growth.

So he shows up in New York, shows up at an investment bank.

"Hi. I am Sam Walton from Arkansas. I need to take my company public. Who do I talk to?"

The receptionist takes her to see that lone soul from Arkansas who happens to be working at that bank.