Former Zappos CEO Tony Hsieh dies at 46
Media report that he died of injuries sustained in a house fire.
Former Zappos CEO Tony Hsieh died on November 27 at the age of 46. Zappos CEO Kedar Deshpande announced this on the company's Zappos website.
Kedar Deshpande
CEO of ZapposWith heavy hearts, we share very sad news: we learned that Tony passed away this morning. Although Tony stepped down last summer, he had a huge impact on Zappos, and for the past 20 years he dedicated himself to the company's success and that of our employees. The world has lost an amazing visionary and an incredible person. We have lost not only a former leader who inspired us, but for many of us he was a mentor and a friend. Tony played an important role in building the thriving Zappos business.
Tony Hsieh was with his brother in Connecticut when a fire broke out in the house. He died of his injuries, according to TechCrunch. There is no other information about the incident.
The entrepreneur graduated from Harvard, and his first successful business was the advertising network LinkExchange, which he sold to Microsoft in 1998 for $265 million. With that money, he and Alfred Lin founded the venture fund Venture Frog.
One of the fund's investments was ShoeSite.com, an online shoe store. Hsieh led the startup, which was later renamed Zappos. Tony Hsieh built a corporate culture at the company based on the "science of happiness." He described his entrepreneurial experience and the history of Zappos in the book «Delivering Happiness».
In 2009, Amazon bought Zappos for $1.2 billion. Hsieh remained CEO and only left the post in August 2020.
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