Tony Hsieh, Amazon, Alfred Lin, And Lots Of Cash

Tuesday, July 28, 2009

Just saw this new post down at TechCrunch on Zappos. Must be nice to Alfred Lin and Tony Hsieh (and the whole crew down at Zappos too):

Lin dropped out of a PhD program at Stanford to join LinkExchange in 1996 as acting CFO. Two years later the company was acquired by Microsoft for $265 million in stock. He then cofounded Venture Frogs, a $27 million venture fund, with college buddy Tony Hsieh. Investments included Zappos, TellMe, OpenTable, MyAble, Mongo Music and Ask Jeeves, all of which have been acquired or went public.

Lin then joined TellMe in 2001 as VP Finance and Business Development. At the time he joined the company was losing $60 million per year, he tells me. Microsoft bought the company for $800 million in 2007.

Then he really outdid himself. He joined Zappos, reuniting with his old friend Hsieh, in 2006 as COO and CFO. How’d they do? Yeah, they were acquired last week by Amazon for close to $1 billion.
Curious to know how they made out? No problem.