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by johnglasgow 5741 days ago
I wrote this in the TC comments, and will echo it here:

"This article was not very well written IMHO. The big exit was for the Tech Coast Angels investors who had over 100x. Criticizing Zappos for their 1B+ exit vs Green Dot's 2B exit is an awful argument. Not only are they both in the low billion dollar range, but Sequoia forced Zappos to sell. This was widely publicized in Tony's blog post about it.

I've heard Steve speak give a keynote, and he had a standing ovation. Truly an inspiring entrepreneur. He deserves every cent he earns from the IPO."