Why Zappos sold to Amazon

Zappos’ CEO Tony Hsieh on why he sold his company to Amazon. Bascially most of Zappos’ board of directors didn’t approve of Hsieh’s focus on employee and customer happiness at the short term expense of profits.

I left Seattle pretty sure that Amazon would be a better partner for Zappos than our current board of directors or any other outside investor. Our board wanted an immediate exit; we wanted to build an enduring company that would spread happiness. With Amazon, it seemed that Zappos could continue to build its culture, brand, and business. We would be free to be ourselves.

(via the browser)

• Amazon
• business
• Tony Hsieh
• Zappos