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Their interests may differ, but VCs don't hate Tony Hsieh. Indeed, if he ever starts another company, I bet they'll be falling all over themselves wanting to fu
by donaldc 17y ago
Their interests may differ, but VCs don't hate Tony Hsieh. Indeed, if he ever starts another company, I bet they'll be falling all over themselves wanting to fund him.
Also, while the founder/CEO of Zappos may not have wanted to sell, were I an early employee with a lot of vested stock, I might be happy that my stock was finally liquid. Zappos has been in existence for 10 years, and I just might be interested in cashing out enough stock to buy a nice house.
Tony already had enough money, and made a big enough salary, that the independence of Zappos was worth more than having Zappos stock liquid, but I doubt this was true for all of the early employees.
- gleb 17y agoGood point. In general, in the VC backed business, the interests of employees tend to be aligned with interests of VCs not with interests of founders. Both VCs and employees need an exit and both make too little money to matter on a small exit.