Predict your next investment

techcocktail.com

See what CB Insights has to offer

About TECH cocktail

TECH cocktail Headquarters Location

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest TECH cocktail News

Tony Hsieh was more than a successful CEO - he was also a giver, community builder, and visionary ahead of his time

Dec 4, 2020

Business Insider An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log In US Edition Registration on or use of this site constitutes acceptance of our Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Aimee Groth Aimee Groth Aimee Groth met Tony Hsieh in 2012 and wrote the 2017 book "The Kingdom Of Happiness: Inside Tony Hsieh's Zapponian Utopia." She says that in addition to Hsieh's prominence in the business world, he also was a community builder and visionary outside of work. Weaving together anecdotes and photos from people in Hsieh's inner circle, Groth paints a picture of an "inquisitive, impactful, loving, kind" leader who was masterful at making connections wherever he went. The outpouring of love for former Zappos CEO Tony Hsieh since his tragic passing on November 27 is astounding. We lost an incredibly bright light and one of the boldest visionaries of our time far too early. "The tapestry we each weave in life, extending all around us, is always farther reaching than we know — but Tony's was enormous, impacting so many," Jen Consalvo , an entrepreneur who helped build out the tech scene in support of Hsieh's $350 million Las Vegas Downtown Project , shared with me over the weekend. She and her husband, Frank Gruber , had been neighbors and business partners with Hsieh for nearly a decade. Author Aimee Groth. Aimee Groth I met Consalvo and Gruber on a 2012 trip to Vegas, which I documented for Business Insider . It happened to be the day they were moving into the Ogden, the luxury apartment complex across from Zappos where Hsieh and many of his friends and employees lived and worked. When I pitched Hsieh on writing a book about him and his Downtown Project a couple months later, he immediately agreed. "It's fascinating," Consalvo continued, "as much as Tony was known and admired, he was often too quiet for people's comfort — yet his words were smart, inquisitive, impactful, loving, kind, and generous. His ability to withhold expression made people uncomfortable, yet he was actually the most thoughtful host and caretaker you've ever met. "  Hsieh had a grandiose mission: He wanted to build the "most community-focused large city in the world" Tony Hsieh with friend Frank Gruber, fellow entrepreneur and CEO of Established, at the Tech Cocktail Celebrate event in 2014. He wanted to do it in the accelerated time frame of five years . He poured his windfall from the 2009 Zappos/Amazon sale into buying up real estate in a blighted part of town where the Zappos HQ was relocating and invested in local tech startups, small businesses, arts, and culture. To measure success, he put forth a new metric: ROC (" return on community "). He sought to create a new kind of economy , a society where human goodness was the primary currency. It was an attempt to engineer socially-conscious capitalism, before the idea of stakeholder capitalism really entered the mainstream. During one of my interviews with former Zappos COO, CFO and chairman Alfred Lin at Sequoia Capital, he told me that Hsieh's ideas were often years ahead of their time. This grand social experiment in downtown Vegas was no exception. Hsieh's propensity to reimagine the ways in which society might work was compelling and drew thousands of entrepreneurs into his orbit. His huge heart made him even more magnetic. Over the weekend Gruber described Hsieh to me as "one of the most selfless, generous, and kind spirits I have ever met. Most people with his level of success and financial freedom would never do what he has done." To lay the groundwork for this new economy, Hsieh prioritized experiences . Instead of meeting through roles, titles, and other forms of hierarchy, Hsieh wanted people to meet through shared experiences and establish common ground that way. Done well, events allow people to discover more of who they are in the process. Aimee Groth and Tony Hsieh at a Los Angeles event. Aimee Groth Hsieh knew how to do events well — going all the way back to his days at 1000 Van Ness in San Francisco , the apartment complex where he lived and worked during the dotcom boom. It's where he launched the startup incubator Venture Frogs with Lin after they sold advertising network LinkExchange to Microsoft for $265 million. A masterful systems architect himself, Hsieh knew brilliant event curators when he saw them. Consalvo and Gruber were clearly pros. With Hsieh's investment in their company Tech.Co (formerly Tech Cocktail ), they applied their years of experience building startup ecosystems around the US to developing a tech scene in downtown Vegas. They regularly flew in dozens of entrepreneurs and VCs to mingle with locals for a week of talks, dinners, social events and tours. Attendees stayed for free at Hsieh's 100-some " crash pads " at the Ogden and other Downtown Project-owned apartment complexes downtown. Tech Cocktail's events rivaled high-priced tech conferences, without the pretense. Instead there was a focus on "serendipity" and " collisions ," terms Hsieh embraced as a way to encourage chance meetings. His marketing vernacular at times was borderline silly, but that was kind of the point — to create more light-heartedness around the idea of connecting with and pitching strangers, to make it less awkward and more fun. No matter where he went, he easily formed a network of friends and professionals Tony Hsieh (right) with friend Frank Gruber (second from right) and others at a birthday event for Gruber in May 2013. Photo: Frank Gruber/Tech.co/Established Hsieh was a beloved member of Summit Series , an international network of social entrepreneurs based in Eden, Utah. He drew inspiration from the organization's fresh approach to community design and its focus on social impact. So when Hsieh met Summit events worker Amanda Slavin , he asked her if she'd consider doing something similar in downtown Vegas. Hsieh had a gift for eyeing talent and hidden genius early and recognized in Slavin someone who could do the same — a skillset that made her an excellent event curator and host , just like Hsieh was himself. He helped her incorporate her events company, CatalystCreativ , and she helped him launch his Downtown Project. Given the opportunity of a lifetime Slavin delivered tenfold, regularly flying in a compelling array of social entrepreneurs and influencers who were curious about Hsieh and what he was building. Hsieh was also curious about them, and asked guests to "speak on whatever you're passionate about." (L-R) Jenn Lim, Jen Consalvo, Frank Gruber, and Tony Hsieh at Tech Cocktail SXSW event in March 2011.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.