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How I Built This with Guy Raz

Zappos: Tony Hsieh

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.831.1K Ratings

🗓️ 23 January 2017

⏱️ 30 minutes

🧾️ Download transcript

Summary

Computer scientist Tony Hsieh made millions off the dot-com boom. But he didn't make his mark until he built Zappos — a customer service company that "happens to sell shoes." Now Zappos is worth over a billion dollars and known for its completely unorthodox management style. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Hey, Prime Members, you can listen to how I built this early and ad-free on Amazon Music.

0:07.0

Download the app today.

0:09.0

New Year's is here, and with it brings the possibility of change.

0:13.0

As one behavioral scientist put it, first starts are really powerful.

0:17.0

So as you head into 2023, LifeKit is a great resource to help you plan your life and tackle changes, both big and small.

0:24.0

Listen to the LifeKit podcast from NPR.

0:30.0

As Zappos was growing, it was also losing more money, and we also need more money for inventory.

0:37.0

And so all of this was happening at a bad time in terms of the.com crash back in 2000, so it was pretty much impossible to raise money from anyone.

0:47.0

You could not get an outside investment?

0:49.0

No, and also even if someone wanted to invest in an internet company, the last thing they wanted to do was invest in an online shoe company, because no one would ever buy shoes online.

1:01.0

Brom and PR, it's how I built this, a show about innovators, entrepreneurs, idealists, and the stories behind the movements they built.

1:19.0

I'm Guy Ross, and on today's show, how old-school mail order catalogs inspired Tony Shea to build one of the world's biggest online shoe retailers.

1:28.0

You know it as Zappos, and it's worth billions.

1:38.0

I remember that you only have four pairs of shoes, is that right?

1:41.0

Yeah, roughly maybe, maybe fewer now.

1:44.0

Wow, but what kind of shoes you're wearing now?

1:46.0

Right now I'm wearing black A6, and then I have a pair of footballs that I wear, and that's where they want me to.

1:54.0

I'm actually not passionate about shoes at all. I'm passionate about customer service and company culture, so I can talk forever about those two things, but I can't say anything about shoes.

2:04.0

Okay, so as you just heard, one of the most successful shoe salesmen in the world doesn't care about shoes.

2:12.0

And also, he's really quiet. He's an introvert.

2:16.0

Right, definitely.

2:17.0

So how do you cope with it? I mean, you have a huge company, when you've got to talk to lots of people and inspire them, how do you find the energy to do that?

...

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