Tony Hsieh – CEO of the Online Shoe and Clothing Shop Zappos
Tony Hsieh, the man of success who taught the world how failure can fuel success in business. He is the internet entrepreneur as well as a venture capitalist of America. He
|Date of Birth||December 12, 1973 (age 42), Illinois, United States|
|Parents||Richard Hsieh, Judy Hsieh|
|Siblings||Dave Hsieh, Andy Hsieh|
|Net worth||$ 840 Million|
holds the position of CEO of online shop Zappos – the shop of shoe and clothes. Hsieh’s joint ventures were LinkExchange and Zappos.com. in 1999, Hsieh sold LinkExchange to Microsoft for $265 million. He reached the top of the success ladder because of his hard work and perseverance.
Childhood of a CEO
Tony Hsieh was born on 12th of December, 1973 in Illinois. He was raised in San Francisco Bay Area of California. His father was Richard and mother was Judy. He has 2 brothers, younger to him.
Early Life and Education of Tony
Tony Hsieh had completed his graduation from Harvard University in Computer Science in the year 1995. He was selling pizza at Quincy House Grille to his fellow students. Alfred Lin was his important customer who became the CFO and COO of Zappos.com.
Career in Oracle & Own Business
Hsieh joined Oracle Corporation after his degree. Soon, he got dissatisfied with the corporate culture and called his quit within six months.
Soon, he co-founded LinkExchange with his college buddy and ex-employee, Sanjay Madan in the year 1996. LinkExchange is an advertising network which was built with an amazing idea to provide an advertisement for different sites. The venture got successful very fast. The site earned thirty clients via emails and within ninety days twenty thousand web pages took participation in LinkExchange.
Different banner advertisements of clients were displayed via LinkExchange more than ten million times. More than 400,000 members and five million advertisements were rotated daily in the network. Hsieh sold the network to Microsoft in 1998, November for 265 million dollars.
In the same year, he co-founded Venture Frogs with Alfred Lin. Venture Frogs was an incubator as well as investment firm which also gave birth of different companies, such as AskJeeves, OpenTable, and Zappos.
Later on, in 1999, Hsieh and his partner Lin invested capital for Zappos. The deal was approached to them by Nick Swinmurn. Hsieh was not convinced to invest money at very the first moment for an online shoe shop. But later he agreed to realize the demand for footwear online as well as US forty billion dollar market. He invested jointly with Lin two million USD via Venture Frogs.
The online shoe selling company was named under domain ShoeSite.com and co-founded in 1999, June. The name was converted into Zappos.com in the same year.
Tony Hsieh found the business interesting and he joined the Zappos as co-CEO with creator Nick. In 2002, Zappos made 1.6 million USD and the sell reached near 1 billion by 2009.
In 2004, Sequoia Capital invested 35 million USD when Zappos had shown 184 million USD sales.
Headquarters of Zappos were moved to Henderson, Nevada from San Francisco.
From 2007, Zappos started to sale handbags, watches, eyewear, kids stuff and clothing and raised gross sales to 840 million USD.
Achievement & Career As CEO Zappos
In 2007, he got The Ernst & Youngest Entrepreneur of the year Award.
He had triumphed 1993 World Champions- ACM International Collegiate Programming Contest.
Book By Tony (“Delivering Happiness”)
Hsieh wrote “Delivering Happiness”- one of international best seller books.
Party and Personal Life of Hsieh
Hsieh is known as party fanatic. He lives apart from his parents in Downtown Las Vegas, Nevada. He has another home in Southern Highlands.