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Zappos CEO Tony Hsieh is stepping down after 21 years

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Re: Zappos CEO Tony Hsieh is stepping down after 21 years

#41
post #2

I've always heard mixed feelings about Tony. I wonder if there are any HNers who have a perspective they'd like to share.

he's a good guy

built a good company

AMAZING service

Amazon tends to buy up all the companies that could become a threat to them, and then slowly kills them off (Zappos, Quidsi/Diapers.com, etc)

What Tony could have and should have done is

get someone like Marc Lore and have him expand Zappos to the EVERYTHING store

Zappos customer loyalty was insanely high

Re: Zappos CEO Tony Hsieh is stepping down after 21 years

#42
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Re: Zappos CEO Tony Hsieh is stepping down after 21 years

#43

Earlier quoted context omitted.

It's too bad, because I really wish Vegas could somehow magically turn into a tech jobs hub. It's got a lot going for it: No state income tax. Cheap housing. Minimal regulation. Cheap, relatively private LLCs. World class restaurants. World class entertainment/shows (even if touristy). Casinos, if you're into it. If NorCal is a heaven for people who like outdoor activities, then Vegas is the heaven for people who lik…

Vegas is not bad for outdoor activities either. World-class rock climbing, good hiking and mountain biking, 2 hours to the Grand Canyon, 2.5 to Zion National Park, 5 to Mammoth (not close but no worse than Los Angeles). Alex Honnold owns a house there. If I ever achieve my dream of being a seasonal nomad, Vegas just might make the cut.

Yeah, the redeeming feature of Vegas as a conference destination is that there are great long weekend or week trips to have from there. Also Death Valley. (Grand Canyon is >2 hrs though.) Utah NPs beyond Zion. Etc. Don't like Vegas itself but lots to like about the general region.

Re: Zappos CEO Tony Hsieh is stepping down after 21 years

#44
I grew up in Brazil, where customer service was bad-to-terrible in 90% of the companies I had to deal with.

When I moved to Australia, I thought it would be a lot better. It wasn't much different.

When I joined a wine subscription startup in 2016 as the technical co-founder, I wasn't just building the recommendation engine. I was also helping to pack the boxes at the warehouse.

We all got fascinated with Tony's book "Delivering Happiness" [1]. As I packed boxes, I listened to the audiobook several times. Then I read it later on again.

I'm still surprised how bad customer service is in most companies. Don't talk to me like a robot. Just pretend you're messaging a co-worker in plain-friendly-English. And be genuinely interested in solving my issues knowing that you will have higher LTV in the long term if you invest the time and resources to make me happy now.

A few years later and our customers are obsessed not just about the wine we recommend. They also write love letters about how happy they are to deal with our customer service team. I'm still writing code on the other side, but it makes my day to see that part of the business working so well.

[1] https://www.goodreads.com/book/show/6828896-delivering-happi...

Re: Zappos CEO Tony Hsieh is stepping down after 21 years

#45
post #26

"In 2009, Zappos was acquired by online behemoth Amazon.com Inc. for 10 million shares of Amazon stock" Stock went up 30 times since then. I wonder many shares he kept.

It probably has split too.

It's never split in the 21st century.

Re: Zappos CEO Tony Hsieh is stepping down after 21 years

#46

Earlier quoted context omitted.

Have you driven the blocks around downtown Vegas lately? It's very seedy, full of pawn shops and payday lending stores, liquor stores and closed stores. Streets are dirty, numerous homeless people. I admire his goal of revitalizing it, but it didn't work.

It's too bad, because I really wish Vegas could somehow magically turn into a tech jobs hub. It's got a lot going for it: No state income tax. Cheap housing. Minimal regulation. Cheap, relatively private LLCs. World class restaurants. World class entertainment/shows (even if touristy). Casinos, if you're into it. If NorCal is a heaven for people who like outdoor activities, then Vegas is the heaven for people who lik…

Nevada lacks the three laws/regulations which make California, imho, popular for entrepreneurs:

* Limited non-competes

* Limited IP assignment clauses

* Limited anti-moonlighting clauses

It's hard to start a business when your current employer can block you from doing so.

Re: Zappos CEO Tony Hsieh is stepping down after 21 years

#47
post #6

Does anyone know how his "The Downtown Project" (aka Vegas revitalization) is going?

I visited Detroit in May 2016 and was very taken aback by the revitalization. Granted, it was Memorial Day weekend + Movement Festival [0] so the city was certainly not in it's normal day-to-day look, but Dan Gilbert's money [1] appeared well spent to the eyes of a visitor. I learned about it from talking to my Lyft drivers, who all seemed to think positively about the effort. [0] great techno music in the genre's bi…

If you put aside economic problems Detroit just has so much more going for it in terms of history, culture, location, small business, family ties etc. than Las Vegas. That is why dumping money into it has shown immediate returns. When you say Vegas 100% of people are going to (justifiably) think casinos and not much more.

Re: Zappos CEO Tony Hsieh is stepping down after 21 years

#48
post #6

Does anyone know how his "The Downtown Project" (aka Vegas revitalization) is going?

Have you driven the blocks around downtown Vegas lately? It's very seedy, full of pawn shops and payday lending stores, liquor stores and closed stores. Streets are dirty, numerous homeless people. I admire his goal of revitalizing it, but it didn't work.

Last time I was there was for CES, and they had a "completely" autonomous bus that went around the arts district of downtown Las Vegas. The autonomous bus was disappointing, but I actually thought that particular part of Vegas was looking pretty good. It seemed very hipster/gentrified and not at all touristy.

I think the revitalization project was at least somewhat successful.

Re: Zappos CEO Tony Hsieh is stepping down after 21 years

#49
post #9
post #2

I've always heard mixed feelings about Tony. I wonder if there are any HNers who have a perspective they'd like to share.

I am leery of any company that comes off with culty-vibes and that was the impression I got from various media I read and watched about it. I’m sure it’s great for business but not for me, I am free thinker. Same reason I think Ray Dalio / Bridgewater is an insane asylum. I briefly worked with someone who did a stint there and he embraced the principles / radical transparency thing and it made him extremely hard (eve…

the radical transparency thing is very interesting

When you embrace it, you will definitely piss off a LOT of people

society is all about 'being polite' and 'wearing a mask'

if you stop being polite and stop wearing masks, while still maintaining common courtesy

life becomes MUCH easier

I'll give you an example

2 of your friends have problems which prevent them from having a good relationship

you have a frank talk with them

Hey, Jack, you need to get over your abandonment issues and commit to a woman and marry her. You've passed on some pretty amazing women just because your father walked away when you were 4

Hi Sophie, perhaps the reason you only date losers is that is your type. Perhaps your type is guys who will cheat on you. Perhaps when your mother divorced your father after he cheated on her with her sister, his secretary, and the school principal, you should have realized that's genetically your type. So you can either accept that you are making this choice and be at peace with it, or you CHANGE your decision making process

*

guess what's going to happen

usually, 1 of them will get mad at you, then realize you are right, and then make a change, and then your friendship will be much stronger

and the other will hate you for life. Well not hate you. Will avoid you forever

So that's what radical honesty and radical transparency does

*

of course you have to be prepared for people to also be radically honest with you

you find out things that are painful. Then you have to decide whether you will embrace the honest feedback you are getting or run away from it

Re: Zappos CEO Tony Hsieh is stepping down after 21 years

#50

Earlier quoted context omitted.

Have you driven the blocks around downtown Vegas lately? It's very seedy, full of pawn shops and payday lending stores, liquor stores and closed stores. Streets are dirty, numerous homeless people. I admire his goal of revitalizing it, but it didn't work.

It's too bad, because I really wish Vegas could somehow magically turn into a tech jobs hub. It's got a lot going for it: No state income tax. Cheap housing. Minimal regulation. Cheap, relatively private LLCs. World class restaurants. World class entertainment/shows (even if touristy). Casinos, if you're into it. If NorCal is a heaven for people who like outdoor activities, then Vegas is the heaven for people who lik…

I'd love if Reno was this good, much closer to Tahoe.
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