Alfred Lin
Alfred Lin | |
---|---|
Born | Taiwan[1] |
Alma mater |
Harvard University(B.A) Stanford University(M.S.) |
Occupation | Partner at Sequoia Capital |
Alfred Lin is an American venture capitalist at Sequoia Capital.[2][3][4] Lin was the COO, CFO, and Chairman of Zappos.com until 2010.[5][6]
Early Career & Zappos
Lin holds a B.A. in Applied Mathematics from Harvard and a M.S. in Statistics from Stanford.[7] While at Harvard, Lin met Tony Hsieh, the future CEO of Zappos.[8] Hsieh first recognized Lin's business acumen while running a student-owned pizza parlor at Harvard. Lin, his best customer, was buying whole pizzas, splitting them into slices, and selling them for a profit.[8] In 1996, Lin dropped out of a Ph.D program at Stanford to join Hsieh at LinkExchange as CFO.[2] 18 months later LinkExchange sold to Microsoft for $265 million.[9] Later, before joining Zappos, Lin was the VP of Finance and Business Development of Tellme Networks (MSFT). With Tony Hsieh he also co-founded Venture Frogs, an incubator and investment firm.[10] Venture Fogs invested in a variety of tech and Internet startups, including Ask Jeeves, OpenTable, Tellme Networks, and Zappos.[11][11]
From 2005 to 2010 Lin was an integral part of Zappos, taking the roles of Chairman, COO, and CFO.[7] At Zappos Lin was "No. 2 in command", responsible for all financial, administrative, and warehouse operations.[12] He was also responsible for company growth and scaling, bringing the company to its first profitable year in 2006 and to Amazon.com's acquisition of the company in 2009 for $1.2 billion.[3][13][14][15] According to TechCrunch, "Hsieh made at least $214 million; Lin made at least $18 million, with the Venture Frogs shares netting an additional $163 million."[16]
Lin left Zappos in 2010 to join the venture capital firm Sequoia Capital as a partner.[17]
Sequoia Capital & Investments
TechCrunch has stated that Alfred has the "Midas touch", since "every company he’s worked for has been acquired, and the smallest deal was $265 million."[2] Lin's $265 million deal happened at LinkExchange, which was sold to Microsoft for $265M when he was VP of Finance and Administration and was the first company he ever joined.[18] Lin later helped Tellme Networks which was sold to Microsoft for $800 million.[19] After that, Lin helped from Zappos to later be acquired by Amazon for $1.2 billion. Lin has invested in Airbnb, Achievers, Stella & Dot, Houzz, Humble Bundle, Kiwi, Romotive, Moovit, Styleseat, Uber, and Cardpool (acquired by Blackhawk Networks), AppBistro / MMTG Labs (acquired by InMobi), and SalesCrunch (acquired by ClearSlide.[20][21] He specializes in consumer internet, enterprise and mobile companies.[22]
Lin currently sits on the board of directors at Airbnb, Achievers, FutureAdvisor, Houzz, Humble Bundle, Stella & Dot, Kiwi, and Romotive and also works with Moovit and Trippy.[23][24]
Influence
In 2013, Forbes named Lin as one of the "30 Most Influential People in Tech."[25] Lin and his work have been profiled in national publications, including The Wall Street Journal, The New York Times, Harvard Business Review, CNBC, Forbes, BusinessWeek, and Fortune Magazine.[4][26][27][28]
References
- ↑ "Alfred Lin, Zappos Chairman and COO". meet innovators. Retrieved 1 August 2014.
- ↑ 2.0 2.1 2.2 Arrington, Michael "Alfred Lin Has The Midas Touch: The Man With $2 Billion In Acquisitions Under His Belt", TechCrunch, July 28, 2009.
- ↑ 3.0 3.1 Arrington, Michael (April 9, 2010). "Alfred Lin To Leave Zappos, Join Sequoia Capital". TechCrunch.
- ↑ 4.0 4.1 Rich, Motoko (April 8, 2011). "Why Is This Man Smiling?". New York Times.
- ↑ Manninen, JP (April 9, 2010). "These boots are made for walking: No. 2 executive leaves Zappos". VentureBeat.
- ↑ "Alfred Lin Zappos Profile". Zappos.com.
- ↑ 7.0 7.1 "LinkedIn Profile". LinkedIn.
- ↑ 8.0 8.1 "I Am CNBC Tony Hsieh Transcript". CNBC. August 15, 2007.
- ↑ Ritchie, Josh. "10 Questions with Zappos COO/CFO, Alfred Lin". BuySight.
- ↑ Lee, Tom.Venture Frogs Internet Restaurant Logs on to the San Francisco Scene. Asian Week. August 17, 2000.
- ↑ 11.0 11.1 Nelson, Erik. Venture Frogs in a Cyber-Marsh. Profit Magazine. January 2000.
- ↑ FOWLER, NINA. "VIDEO: Sequoia Capital partner Alfred Lin on Zappos, Zalando and solving hard problems". Venture Village.
- ↑ Stone, Brad (July 22, 2009). "Amazon’s Expanding With Deal for Zappos". The New York Times.
- ↑ Wingfield, Nick (July 23, 2009). "Amazon Opens Wallet, Buys Zappos". Wall Street Journal.
- ↑ Rimm-Kaufman, Alan. "Alfred Lin: Zappos At Break-even Through 2005, Profitable in ’06 and ’07". RKG.
- ↑ Lacy, Sarah (July 27, 2009). "What Everyone Made from the Zappos Sale". TechCrunch.
- ↑ Cook, John (April 9, 2010). "Zappos COO Alfred Lin to leave for Sequoia Capital in early 2011". Puget Sound Business Journal.
- ↑ "Alfred Lin CrunchBase Profile". CrunchBase.
- ↑ Malik, Om. "Tellme Price – $800 Million, or More". Gigaom.
- ↑ Ha, Anthony (October 15, 2010). "UberCab raises $1.25M to end your futile search for taxis". VentureBeat.
- ↑ "SalesCrunch Gathers $1.4M From First Round, Accel And Angels". DowJones.com. January 12, 2011.
- ↑ "Bio: Alfred Lin", Sequoia Capital
- ↑ Thomas, Owen. "Airbnb Finally Lands The Zappos Veteran It's Eyed For Years". Business Insider.
- ↑ "Bloomberg Businessweek Profile". Bloomberg Businessweek.
- ↑ Prive, Tanya (January 7, 2013). "The 30 Most Influential People in Tech". Forbes.
- ↑ Chapman, Lizette. "VC in 2013: Sequoia’s Alfred Lin on Not Lamenting the ‘Series A Crunch’". Wall Street Journal.
- ↑ Greene, Rebecca. "Zappos Chairman Alfred Lin Asks HBS MBAs to Think Big, Follow Their Passion, and Pay Attention to Details". Harvard Business School.
- ↑ "Profile: Alfred Lin". Forbes.
External links
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