Critics point to a less-than-robust tech scene, layoffs and shuttered businesses as major stumbling blocks, while others applaud the community's transformation.She launched an apprenticeship program for the at-risk youth of Las Vegas, Chow to the Core, offering mentorship and a chance to learn and find employment nearly four years after Hsieh took a chance on her.For years runners tried and failed to break the mark, which was long thought to not only be dangerous but impossible.
Tony currently lives in an Airstream on half a city block right in the middle of downtown Vegas, with his dog Blizzy and two pet alpacas who enjoy hanging out by the campfires every night.In 1999, at the age of 24, Tony Hsieh (pronounced Shay) sold LinkExchange, the company he co-founded, to Microsoft for $265 million. Tony's presentation focuses both on Zappos' ability to deliver happiness as well as is work with the Las Vegas Downtown Project. "You sacrifice, and that's what I did."Get Make It newsletters delivered to your inboxA year earlier, Hsieh had launched the first half of his bet: the Downtown Project, a $350 million revitalization effort to turn the neighborhood into a mecca for entrepreneurs. Back in 2009, the company was acquired by Amazon in a deal valued at $1.2 billion on the day of closing.
But more important to Young, it's her way of giving back to the community.Nearly five years into the project, results have been mixed. Life in Tony Hsieh's downtown Las Vegas offers an intriguing blend of work and fun, all suffused with a hacky can-do spirit and a dedication to the community. Tony shows how a very different kind of corporate culture is a powerful model for achieving success and happiness. Hsieh intentionally set lofty goals for the project.
In 1954, Roger Bannister was the first to make history, but Hsieh noted others quickly followed suit until the four-minute mile became all but routine.It was an ambitious gamble — even by Vegas standards. Tony Hsieh, Co-Founder of Delivering Happiness.
Speaking at the Aspen Institute in the early days of the project, Hsieh compared the legacy he hoped his Downtown Project would have to the phenomenon of the four-minute mile.While Hsieh and the Downtown Project say they are done actively seeking to invest in entrepreneurs like Young, they plan to focus on the profitability of existing bets, as well as a "return on collisions."In 2013, Zappos CEO Tony Hsieh relocated his Amazon-owned shoe company to Las Vegas' downtown district, taking over the building that was once city hall in the rundown area north of the Strip.Hsieh's Downtown Project will turn 5 years old in January, and there are signs of progress.
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