Alfred Lin
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Alfred Lin is an American
venture capitalist Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which hav ...
at
Sequoia Capital Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California, and specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. , Sequoia's total a ...
.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 COO or coo may refer to: Business * Certificate of origin, used in international trade * Chief operating officer or chief operations officer, high-ranking corporate official * Concept of operations, used in Systems Engineering Management Process ...
,
CFO The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...
, 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 Career & Zappos

Lin was born in Taiwan. 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. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four yea ...
in
applied mathematics Applied mathematics is the application of mathematical methods by different fields such as physics, engineering, medicine, biology, finance, business, computer science, and industry. Thus, applied mathematics is a combination of mathematical s ...
from
Harvard Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...
and a
M.S. A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast to ...
in
statistics Statistics (from German language, German: ''wikt:Statistik#German, Statistik'', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of ...
from
Stanford Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is considere ...
. 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, Hs ...
, 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 ( fa, علی پرتووی; 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 Dropbo ...
at
LinkExchange LinkExchange was a popular Internet advertising cooperative, similar in function to a webring, originally known as Internet Link Exchange or ILE. It was founded in March 1996 by 23-year-old Harvard graduates Tony Hsieh (who later went on to inves ...
as CFO. 18 months later LinkExchange sold to
Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...
for $265 million. Later, before joining Zappos, Lin was the VP of Finance and Business Development of Tellme Networks (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 (originally known as Ask Jeeves) is a question answering–focused e-business founded in 1996 by Garrett Gruener and David Warthen in Berkeley, California. The original software was implemented by Gary Chevsky, from his own design. Wart ...
,
OpenTable OpenTable is an online restaurant-reservation service company founded by Sid Gorham, Eric Moe and Chuck Templeton on 2 July 1998 and is based in San Francisco, California. In 1998, operations began with a limited selection of restaurants in ...
, 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. ( ) is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. It has been referred to as "one of the most influential economi ...
's acquisition of the company in 2009 for $1.2 billion. According to ''
TechCrunch TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately ...
'', "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 (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which hav ...
Sequoia Capital as a partner.


Sequoia Capital & Investments

''TechCrunch'' has stated that Alfred has the "
Midas Midas (; grc-gre, Μίδας) was the name of a king in Phrygia with whom several myths became associated, as well as two later members of the Phrygian royal house. The most famous King Midas is popularly remembered in Greek mythology for his ...
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. ( ), based in San Francisco, California, operates an online marketplace focused on short-term homestays and experiences. The company acts as a broker and charges a commission from each booking. The company was founded in 2008 b ...
, 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 onl ...
, Humble Bundle, Kiwi, Romotive, Moovit, Styleseat,
Uber Uber Technologies, Inc. (Uber), based in San Francisco, provides mobility as a service, ride-hailing (allowing users to book a car and driver to transport them in a way similar to a taxi), food delivery (Uber Eats and Postmates), package ...
, and Cardpool (acquired by Blackhawk Networks), AppBistro / MMTG Labs (acquired by
InMobi InMobi is an Indian multinational mobile advertising technology company, based in Bengaluru. Its mobile-first platform allows brands, developers and publishers to engage consumers through contextual mobile advertising. The company was found ...
), 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 Rwanda (; rw, u Rwanda ), officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley of Central Africa, where the African Great Lakes region and Southeast Africa converge. Located a few degrees south of the Equator ...
. He also invested in the
Palo Alto Palo Alto (; Spanish for "tall stick") is a charter city in the northwestern corner of Santa Clara County, California, United States, in the San Francisco Bay Area, named after a coastal redwood tree known as El Palo Alto. The city was estab ...
-based security company Cobalt Robotics, and sits on its board of directors.


Influence

In 2013, ''
Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
'' 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'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
'', ''
Harvard Business Review ''Harvard Business Review'' (''HBR'') is a general management magazine published by Harvard Business Publishing, a wholly owned subsidiary of Harvard University. ''HBR'' is published six times a year and is headquartered in Brighton, Massach ...
'', ''Forbes'', ''
BusinessWeek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...
'', and ''
Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck * Wealth * Fortune, a prediction made in fortune-telling * Fortune, in a fortune cookie Arts and entertainment Film and television * ''The Fortune'' (1931 film) ...
'', as well as
CNBC CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk sho ...
.


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 Year of birth missing (living people) Midas List