Nick Swinmurn founded Zappos in 1999 as Shoesite.com.
Swinmurn raised $2 million from investment firm Venture Frogs to launch the company.
Just a few months after the launch, Swinmurn changed the name of the company from Shoesite.com to Zappos, which was a play on the Spanish word for shoes, zapatos.
In 2000 Zappos had $1.6 million in revenue.
The company grew quickly, with $70 million in revenue in 2003, $840 million in 2007, and $1 billion in sales in 2008.
In 2009 Zappos was acquired by Amazon in a $940 million stock and cash deal.
Today Zappos is the #1 online shoe retailer and stocks 3 million pairs of shoes, handbags, apparel, and accessories.
Zappos.comNick Swinmurn founded Zappos in 1999 as Shoesite.com.
Swinmurn raised $2 million from investment firm Venture Frogs to launch the company.
Just a few months after the launch, Swinmurn changed the name of the company from Shoesite.com to Zappos, which was a play on the Spanish word for shoes, zapatos.
History
In 2000 Zappos had $1.6 million in revenue.
The company grew quickly, with $70 million in revenue in 2003, $840 million in 2007, and $1 billion in sales in 2008.
In 2009 Zappos was acquired by Amazon in a $940 million stock and cash deal.
Today Zappos is the #1 online shoe retailer and stocks 3 million pairs of shoes, handbags, apparel, and accessories.