Hacker News new | ask | show | jobs
by ajit_singh 2024 days ago
Truely believe that Tony Hsieh wasn't a cynic or a wannabe. My question was centred around their financials because I still believe that the culture that Zappos famously practiced is impossible to imitate without dangerously compromising the company's productivity. So I want to know did it work for Zappos either? Because I think it didn't but I don't have any data.

Disclaimer- Nothing against Tony Hsieh. I am sure he is a good person as I have rarely heard anything other than nice stuff about him.

1 comments

While it had good gross sales numbers, Zappos had a cash flow problem prior to the sale to Amazon. Hsieh acknowledged this a few years ago in an article titled "Why I sold Zappos". (Even that may have been an overly positive spin on the situation at the time; I've seen speculation elsewhere that they may have been on the verge of insolvency.)