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Zappos - Was It a Passive Investor?
The founder of zappos, nick swinburne, came to meet you guys for the first time. He just seemed like a pretty casual guy. But we basely just said, since you nick, don't have any footwor background, we'll invest if you can find a shoe guy. Turns out that there was a shoe guy named fred mosler who was working at norsam at the time. And so we all met,. and ultimately fred ended up joining the company, and n working with fred ever since. In the first year of that company, were you actually selling shoes? Yes....