Zappos Denies Story peHUB Didn’t Publish
Zappos this evening issued a public statement that it wants to quash rumors that Sequoia Capital "forced" the company to sell itself to Amazon. The implication is that peHUB claimed that Sequoia "forced" the sale. To be clear, we made no such claim. We wrote, in part: “Two sources who do not hold board seats, but are directly involved with Zappos, indicated that Moritz and Zappos CEO Tony Hsieh came into conflict about the company’s future. Moritz, the sources say, wanted Zappos to sell while Hsieh wanted to remain independent.” We stand by our reporting. A venture capitalist and CEO disagreeing about the future of a company happens all the time. The two groups may disagree on how best to serve shareholders, fight hard for
23 July 2009•2 mins read
