The Ledger
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Zappos reached $1.6 billion in sales on just $10 million in equity
“Tony invested ten million dollars of his own money, but most of it was financed through being very, very creative, figuring out how to get merchants that we ordered from to give us credit and to increase the credit line. We had a, eventually got a line of cred…”
Banks called Zappos's $60 million loan during the 2008 financial crisis
“At Zappos, it was, what do we do after nine-eleven when sales went to zero, what do we do during the financial crisis when credit became very, very difficult, and we were borrowing sixty million dollars, and we had sixty million dollars that we did nothing wro…”