Nice job Woot. On getting acquired and making the best press release. This is the way to not take yourself too seriously and let your customers know – you are going to be the same company, even after you get bought by the man.
Kind of funny though how time flies. When did amazon become the man? Zappos and Woot in the same house – that’s kind a awesome.
All that’s good and stuff – but the big reason I try and read his blog everyday is that he is real. He loves his company, he loves technology and he loves his family. And he shares real stuff about it all. All the way from his frustration with not being able to find an email client that he really likes (can’t we all relate) and how he and his wife can finish each other’s sentences so much that sometimes they don’t even start them, to all of the inspiration he finds on a daily basis from his technology portfolio companies and their courageous founders and the love and commitment he makes daily to his wife (who refers to herself as the Gotham Gal – he probably gave her that name?) and his kids (who blog too – Emily and Jessica).
Not to often you get to see inside success and all that makes it and all that it comes with – ALL.
On to the topic. Earlier this year the AVC blog started running something called MBA Mondays. The series lasted for 21 weeks – I think he missed one or two – go figure. But they covered all the topics that any startup business would ever need to know, from things, like the difference between cash flow and an income statement, forecasting, budgeting (in a small, growing and big company), Pricing, Metrics, and on and on…..
This series is like a cheat sheet for anybody about to or in the middle of getting a business off the ground. They are things that I mostly knew about and all the definitions of – but had never really heard (or listened to) the meanings straight from an honest investor who is writing the check and getting involved.
Anyway – good stuff – both the blog and the MBA Mondays. Check em both out.
Gotta love Zappos and especially the CEO Tony Hsieh. All about Service and following through. All companies want to be Zappos – but there are simply few that even come close. Here’s a presentation about what makes them tick and some of the key metrics.