10 Steps to Zappos's Success
Amazon Buys Zappos for $1.2 Billlion
Amazon buys Zappos for $1.2 billion in November 2009. Sequoia Capital made $248 million on its investment. Hsieh remains the company's CEO at his current salary of $36,000 per year. In the first quarter of 2010, net sales at Zappos were up almost 50 percent.