Should Startups Move to Las Vegas?

By Erin Griffith , written on September 13, 2012

From The News Desk

Silicon Valley types, particularly VCs, are skeptical of Tony Hsieh's ambitious plans to build a startup hub in downtown Las Vegas. Hsieh may be seeding the companies, but those skeptical VCs are the people he and his Vegas startups will count on for follow-on rounds of funding.

But this isn't the first time Hsieh has met skeptics from the Valley and worked to prove them wrong. Zappos was no different. "We coudln't get funded by Silicon Valley VC in the early days," he said at PandoMonthly tonight. Ironically, the footwear industry has the same reaction -- they didn't understand the idea of buying shoes online.

"They referred to us as 'the Nintendo kids' because they didn't really get the Silicon Valley side," he said.  At the end of the day the results will speak for themselves, he said, which is how he approaches everything, including and especially downtown Vegas.