Alfred Lin
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Alfred Lin (born 1972) is a Taiwanese-American
venture capitalist Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number ...
at
Sequoia Capital Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California, specializing in seed stage, early stage, and growth stage investments in private companies across technology sectors. the firm had appro ...
.Arrington, Michae
"Alfred Lin Has The Midas Touch: The Man With $2 Billion In Acquisitions Under His Belt"
''TechCrunch'', July 28, 2009.
Lin was the COO, CFO, and Chairman of
Zappos.com Zappos.com is an American online shoe and clothing retailer based in Las Vegas, Nevada, United States. The company was founded in 1999 by Nick Swinmurn and launched under the domain name Shoesite.com. In July 2009, Amazon acquired Zappos in an ...
until 2010.


Early life and career

Lin was born in Taiwan. When he was at the age of six or seven, his parents immigrated to the New York area. Lin attended the Stuyvesant High School in New York City. He holds a B.A. in applied mathematics from
Harvard Harvard University is a private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher lear ...
and a M.S. in statistics from
Stanford Leland Stanford Junior University, commonly referred to as Stanford University, is a private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth governor of and th ...
. While at Harvard, Lin met
Tony Hsieh Anthony Hsieh ( ; December 12, 1973November 27, 2020) was an American internet entrepreneur and venture capitalist. He retired as the CEO of the online shoe and clothing company Zappos in August 2020 after 21 years. Prior to joining Zappos, Hsi ...
, the future CEO of Zappos. Hsieh first recognized Lin's business acumen while running a student-owned pizza parlor at Harvard. Lin, his best customer, was buying whole pizzas, splitting them into slices, and selling them for a profit. In 1996, Lin dropped out of a Ph.D. program at Stanford to join Hsieh, Sanjay Mandan, and
Ali Partovi Ali Partovi (; born 1972) is an Iranian-American entrepreneur and angel investor. He is best known as a co-founder of Code.org (which he founded with his twin brother Hadi), iLike, LinkExchange, an early advisor at Dropbox (service), Dropbox, and ...
at LinkExchange as CFO. 18 months later LinkExchange sold to
Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...
for $265 million. Later, before joining Zappos, Lin was the VP of Finance and Business Development of
Tellme Networks Tellme Networks, Inc. was an American company founded in 1999 by Mike McCue and Angus Davis, which specialized in telephone-based applications. Its headquarters were in Mountain View, California. Tellme Networks was acquired by Microsoft on Mar ...
(MSFT). With Tony Hsieh he also co-founded Venture Frogs, an incubator and investment firm.Lee, To
Venture Frogs Internet Restaurant Logs on to the San Francisco Scene
. ''Asian Week''. August 17, 2000.
Venture Frogs invested in a variety of tech and Internet startups, including
Ask Jeeves Ask.com (known originally as Ask Jeeves) is an answer engine, e-magazine, and former web search engine, operated by Ask Media Group. It was conceptualized and developed in 1996 by Garrett Gruener and David Warthen (based in Berkeley, Califo ...
,
OpenTable OpenTable is an online restaurant-reservation service company founded by Sid Gorham, Eric Moe and Chuck Templeton on July 2, 1998, and based in San Francisco, California. In 1998, operations began with a limited selection of restaurants in Sa ...
, Tellme Networks, and Zappos.Nelson, Erik
Venture Frogs in a Cyber-Marsh
. ''Profit Magazine''. January 2000.
From 2005 to 2010, Lin was chairman, COO, and CFO. At Zappos, Lin was responsible for all financial, administrative, and warehouse operations. He was also responsible for company growth and scaling, bringing the company to its first profitable year in 2006 and to
Amazon.com Amazon.com, Inc., doing business as Amazon, is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. Founded in 1994 by Jeff Bezos in Bellevu ...
's acquisition of the company in 2009 for $1.2 billion. According to ''
TechCrunch TechCrunch is an American global online newspaper focusing on topics regarding high tech, high-tech and Startup company, startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. I ...
'', "Hsieh made at least $214 million; Lin made at least $18 million, with the Venture Frogs shares netting an additional $163 million." Lin left Zappos in 2010 to join the
venture capital firm Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number ...
Sequoia Capital as a partner.


Sequoia Capital and investments

''TechCrunch'' has stated that Alfred has the "
Midas Midas (; ) was a king of Phrygia with whom many myths became associated, as well as two later members of the Phrygian royal house. His father was Gordias, and his mother was Cybele. The most famous King Midas is popularly remembered in Greek m ...
touch", since "every company he's worked for has been acquired, and the smallest deal was $265 million." Lin later helped Tellme Networks which was sold to Microsoft for $800 million. After that, Lin helped form Zappos to later be acquired by Amazon for $1.2 billion. Lin has invested in
Airbnb Airbnb, Inc. ( , an abbreviation of its original name, "Air Bed and Breakfast") is an American company operating an online marketplace for short-and-long-term homestays, experiences and services in various countries and regions. It acts as a ...
, Achievers, Stella & Dot,
Houzz Houzz is an American website, online community and software for architecture; interior design and decorating; landscape design and home improvement. It was founded in 2009 and is based in Palo Alto, California. History Houzz was founded as an o ...
, Humble Bundle, Kiwi, Romotive, Moovit, Styleseat,
Uber Uber Technologies, Inc. is an American multinational transportation company that provides Ridesharing company, ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, a ...
, and Cardpool (acquired by Blackhawk Networks), AppBistro / MMTG Labs (acquired by
InMobi InMobi (formerly mKhoj) is an Indian multinational technology company, based in Bangalore. Originally an SMS-based search engine, it now operates a mobile-first platform to enable contextual mobile advertising. The company was founded in 200 ...
), and SalesCrunch (acquired by ClearSlide). He specializes in consumer internet, enterprise and mobile companies."Bio: Alfred Lin"
, Sequoia Capital
Lin was an early investor in Zipline, a medicine drone delivery company with operations in Rwanda. He also invested in the
Palo Alto Palo Alto ( ; Spanish language, Spanish for ) is a charter city in northwestern Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree known as El Palo Alto. Th ...
-based security company Cobalt Robotics, and sits on its board of directors. In 2021, Lin made a failed investment on FTX and represented Sequoia on its advisory board.


Influence

In 2013, ''
Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
'' named Lin as one of the "30 Most Influential People in Tech". Lin and his work have been profiled in national publications, including ''
The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'', ''
The New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...
'', ''
Harvard Business Review ''Harvard Business Review'' (''HBR'') is a general management magazine published by Harvard Business Publishing, a not-for-profit, independent corporation that is an affiliate of Harvard Business School. ''HBR'' is published six times a year ...
'', ''Forbes'', ''
BusinessWeek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in Septembe ...
'', and ''
Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck * Wealth * Fate * Fortune, a prediction made in fortune-telling * Fortune, in a fortune cookie Arts and entertainment Film and television * ''The Fortune'' (19 ...
'', as well as
CNBC CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...
.


References


External links


Sequoia Capital profile
{{DEFAULTSORT:Lin, Alfred American people of Taiwanese descent American venture capitalists Harvard University alumni Amazon (company) people Living people Stanford University alumni American chief operating officers American chief financial officers Midas List 1972 births