2min chapter

How I Built This with Guy Raz cover image

Zappos: Tony Hsieh (2017)

How I Built This with Guy Raz

CHAPTER

How to Fund a Shoes Company After the Link Exchange Sale

After the link exchange sale, I set some money aside for investing and also bought a bunch of apartments or lofts that were in that same building. As Zappos was growing, it was also losing more money and we also need more money for inventory. And so I ended up one by one selling off the apartments and... It's kind of like when in Monopoly, when you buy a hotel or houses and then you have to sell them, but you lose money on the sale.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode