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Tony Hsieh's new $350 million startup

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31–40 of 48 posts

Re: Tony Hsieh's new $350 million startup

#31

Sounds like he is trying to build Silicon Valley in Vegas. Reminds me of this PG essay: http://www.paulgraham.com/maybe.html Or this one: http://www.paulgraham.com/siliconvalley.html

Well, warm weather, no state income tax, cheaper real estate but still close to CA... if only it wasnt Vegas. :>

Re: Tony Hsieh's new $350 million startup

#33
post #16

seems like 350 million is a drop in the bucket for something like that

I dunno- I think all you have to do is improve schools honestly. Young parents in America are starving for good education. For example, you could start really good charter schools that only allow residents from the area. The trick is making money off of the whole deal. I think that's where the investment in commercial and residential space comes in.

Re: Tony Hsieh's new $350 million startup

#34

As a practicing urban designer, this strikes me as a great piece of investing if done right. These plans will take years or even decades to come to fruition (a big horizon for most tech people), but I am sure he will end up a real estate tycoon at the end of it. Commit a significantly run down area to a vision, and there is huge money to be made, as well as (potential) benefits for the general public....

Surely $350M doesn't even get them started tho? Particularly with new high-density residential construction...

Re: Tony Hsieh's new $350 million startup

#35
post #31

Sounds like he is trying to build Silicon Valley in Vegas. Reminds me of this PG essay: http://www.paulgraham.com/maybe.html Or this one: http://www.paulgraham.com/siliconvalley.html

Well, warm weather, no state income tax, cheaper real estate but still close to CA... if only it wasnt Vegas. :>

As a current resident of Vegas, "warm" might be understating summer temperatures a little :) Everything is air conditioned (and there are 24 hour air conditioning maintenance companies!) so you'll be inside most of the time.

Re: Tony Hsieh's new $350 million startup

#36
post #7

And here's why I think Tony Hsieh is the next, better Steve Jobs that understands business, people and community like no other leader today. Why better? Because the man radiates a genuine compassion towards others that Jobs never had. If any other business leader had announced such a visionary idea I would have been incredibly skeptical, but I have total confidence in Hsieh and find his vision inspiring and quite con…

Your excitement about what Haieh is doing is awesome, but what does it have to do with Jobs? One of the biggest annoyances I have with the tech press is their tendency to throw Apple/Jobs into any article, no matter how unrelated. I'm gonna have to call your comment out for the same thing.

I'm excited about it too, but the men had completely different approaches for different industries and, while I'm trying to stay neutral on the issue, Hsieh has quite a ways to go before he's anywhere near as revolutionary as Jobs. Comparing the two is an unnecessary distraction which doesn't really serve any purpose.

Re: Tony Hsieh's new $350 million startup

#37

Sounds like he is trying to build Silicon Valley in Vegas. Reminds me of this PG essay: http://www.paulgraham.com/maybe.html Or this one: http://www.paulgraham.com/siliconvalley.html

One things they're missing is a major university. Not sure that would ever work in Vegas.

Re: Tony Hsieh's new $350 million startup

#38
post #36
post #7

And here's why I think Tony Hsieh is the next, better Steve Jobs that understands business, people and community like no other leader today. Why better? Because the man radiates a genuine compassion towards others that Jobs never had. If any other business leader had announced such a visionary idea I would have been incredibly skeptical, but I have total confidence in Hsieh and find his vision inspiring and quite con…

Your excitement about what Haieh is doing is awesome, but what does it have to do with Jobs? One of the biggest annoyances I have with the tech press is their tendency to throw Apple/Jobs into any article, no matter how unrelated. I'm gonna have to call your comment out for the same thing. I'm excited about it too, but the men had completely different approaches for different industries and, while I'm trying to stay…

Both are massively successful business leaders in IT both with different interpersonal approaches. I think comparing their managerial styles is interesting important, especially if startup try to emulate them.

Re: Tony Hsieh's new $350 million startup

#39
I'd be really interested in doing a tech startup (well, moving one) to Las Vegas -- aside from a stupid Clark County registration law, and the risk of financial/social problems due to so many foreclosures, it would be great. Good infrastructure, cheap flights, super cheap housing (sign me up for a 4500 sf McMansion for $300k...), etc. Easy to get people to visit for a few weeks at a time, easy to get hotels, generally low cost of living, and 24h everything, subsidized by old people and stupid people who can't do math.

Everyone at my startup is into firearms, so we'd far prefer Nevada to California. Clark County's handgun registration law is the main reason we haven't bought a place there already.

Schools suck, but that's not personally an issue, and I'm sure a 100+ person company with ~10 students could figure out a solution for employees.

Re: Tony Hsieh's new $350 million startup

#40
post #2

It's not really clear that this is actually a new startup, but regardless of that, investing in Las Vegas real estate strikes me as an extremely bold move.

Yes, extremely bold move.

Take this as someone who had a company move to Vegas and more than half (including myself) the company left because of it. There is a certain type of people that can stand the culture and atmosphere that is Vegas, and intelligent tech people usually aren't that type.

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