zappos downtown project and dtp

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Page 1: Zappos Downtown Project and DTP

&

Page 2: Zappos Downtown Project and DTP

A little about me at Zappos…

2

R&D

Community and Events

Culture

Page 3: Zappos Downtown Project and DTP

A little about me at DTP…

3

Kids and Family

Random Other Things

Community

Page 4: Zappos Downtown Project and DTP

A service company that just happens to sell shoes, clothing,

handbags, accessories, housewares…

Page 5: Zappos Downtown Project and DTP

2009 #23 2010 #15

2011 #6

TOP 100 BEST COMPANIES TO WORK FOR

Page 6: Zappos Downtown Project and DTP

Headquarters: Henderson, NVFulfillment: Shepherdsville, KY1500+ employees

Page 7: Zappos Downtown Project and DTP

1,000+ brands200,000+ styles6 million items

in warehouse100% inventoried

Page 8: Zappos Downtown Project and DTP

Customer Service:What customers see first

24/7 1-800 number on every page

Free shipping

Free return shipping

365-day return policy

8

Page 9: Zappos Downtown Project and DTP

Customer Service:What customers experience

Fast, accurate fulfillment

Surprise Upgrades

Occasionally direct to competitors’ web sites9

Page 10: Zappos Downtown Project and DTP

Customer Service:What we do internally

No call times/sales goals

Culture Reviews

4 weeks of training

10

Page 11: Zappos Downtown Project and DTP

Customer Service:What we do internally

Pay to Quit

Culture Book

Interviews Based on Culture

11

Page 12: Zappos Downtown Project and DTP

CORE VALUES AT ZAPPOS

1. Deliver WOW Through Service2. Embrace and Drive Change

3. Create Fun and a Little Weirdness4. Be Adventurous, Creative, and Open-Minded

5. Pursue Growth and Learning6. Build Open and Honest Relationships With Communication

7. Build a Positive Team and Family Spirit8. Do More with Less

9. Be Passionate and Determined10. Be Humble

We hire, fire, review, and build our business off of these values.

Page 13: Zappos Downtown Project and DTP

Our #1 Priority

Culture

Page 14: Zappos Downtown Project and DTP

WHAT CULTURE CAN DO FOR A COMPANY

NOV ‘09 AMAZON ACQUIRES ZAPPOS

$1.2 BILLION SHARE VALUE AT THE TIME OF CLOSING

Page 15: Zappos Downtown Project and DTP

ClothingCustomer ServiceCultureC

Page 16: Zappos Downtown Project and DTP

But What’s Next?

Page 17: Zappos Downtown Project and DTP

C Community

Page 18: Zappos Downtown Project and DTP

Las Vegas City Hall

Page 20: Zappos Downtown Project and DTP

Google

http://static.panoramio.com/photos/original/400729.jpg

Page 21: Zappos Downtown Project and DTP

Apple

http://www.techzek.com/wp-content/uploads/2011/09/apple_campus-1.jpg

Page 22: Zappos Downtown Project and DTP

Doggy Day Care

http://www.adogsdayout.com/Pix_Overhead_View_ADDO_7-31-08.JPG

Page 23: Zappos Downtown Project and DTP

NYU Campus

http://www.adogsdayout.com/Pix_Overhead_View_ADDO_7-31-08.JPG

Page 24: Zappos Downtown Project and DTP

What if?

Page 25: Zappos Downtown Project and DTP

Las Vegas City Hall

Page 26: Zappos Downtown Project and DTP
Page 27: Zappos Downtown Project and DTP

It was already happening…

Page 28: Zappos Downtown Project and DTP

Downtown Vegas - Fremont East

http://www.eatinglv.com/wordpress/wp-content/gallery/odettedowntown/chinatown-038-large.jpg

Page 29: Zappos Downtown Project and DTP

Downtown Vegas - Fremont East

http://www.lucyvegas.com/sites/default/files/griffin5.jpg

Page 30: Zappos Downtown Project and DTP

Downtown Vegas - Fremont East

http://roadjournals.viamagazine.com/wp-content/uploads/2011/05/The-Beat-Coffeehouse.jpg

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Page 32: Zappos Downtown Project and DTP

DOWNTOWN PROJECT - $350M

$ 50M – Small businesses

$ 50M – Tech Startups

$ 50M – Education, Arts, Culture

$200M – Residential & Real Estate

Page 33: Zappos Downtown Project and DTP

DOWNTOWN PROJECT GOALS

Page 34: Zappos Downtown Project and DTP

DOWNTOWN PROJECT GOALS

Live/Work/Play – Walking Distance

Page 35: Zappos Downtown Project and DTP

DOWNTOWN PROJECT GOALS

Live/Work/Play – Walking Distance

The Most Community-Focused Large City in the World

Page 36: Zappos Downtown Project and DTP

DOWNTOWN PROJECT GOALS

Live/Work/Play – Walking Distance

The Most Community-Focused Large City in the World

The Co-working and Co-Learning Capital of the World

Page 37: Zappos Downtown Project and DTP

ROI

Instead of maximizing short-term ROI (Return On Investment)…

Page 38: Zappos Downtown Project and DTP

ROI vs. ROC

Instead of maximizing short-term ROI (Return On Investment)…

We focus on maximizing long-term ROC (Return On Community)

Page 39: Zappos Downtown Project and DTP

ROI vs. ROC

Instead of maximizing short-term ROI (Return On Investment)…

We focus on maximizing long-term ROC (Return On Community)

and institutionalizing ROL

Page 40: Zappos Downtown Project and DTP

ROI vs. ROC

Instead of maximizing short-term ROI (Return On Investment)…

We focus on maximizing long-term ROC (Return On Community)

and institutionalizing ROL (Return on Luck) - Accelerating Serendipity

Page 41: Zappos Downtown Project and DTP

THE BIG BET

Accelerating Collisions, Community, and Co-Learning

Page 42: Zappos Downtown Project and DTP

THE BIG BET

Accelerating Collisions, Community, and Co-Learning

…will lead to…

Happiness, Luckiness,Innovation, and Productivity

Page 43: Zappos Downtown Project and DTP

WHY DO THIS?

Page 44: Zappos Downtown Project and DTP

WHY DO THIS?

We live here

Page 45: Zappos Downtown Project and DTP

WHY DO THIS?

We live here

Zappos – ultimately help us attract and retain more employees

Page 46: Zappos Downtown Project and DTP

WHY DO THIS?

We live here

Zappos – ultimately help us attract and retain more employees

City – Help revitalize downtown

Page 47: Zappos Downtown Project and DTP

WHY DO THIS?

We live here

Zappos – ultimately help us attract and retain more employees

City – Help revitalize downtown

World – Help inspire other cities

Page 48: Zappos Downtown Project and DTP

DOWNTOWN PROJECT - $350M

$ 50M – Small businesses

$ 50M – Tech Startups

$ 50M – Education, Arts, Culture

$200M – Residential & Real Estate

Page 49: Zappos Downtown Project and DTP

$50M – Small Businesses

Page 50: Zappos Downtown Project and DTP

$50M – Small Businesses

• Criteria

Page 51: Zappos Downtown Project and DTP

$50M – Small Businesses

• Criteria–Owner Operated - Passionate

Page 52: Zappos Downtown Project and DTP

$50M – Small Businesses

• Criteria–Owner Operated - Passionate–Helps Build Community

Page 53: Zappos Downtown Project and DTP

$50M – Small Businesses

• Criteria–Owner Operated - Passionate–Helps Build Community– Execution Ability

Page 54: Zappos Downtown Project and DTP

$50M – Small Businesses

• Criteria–Owner Operated - Passionate–Helps Build Community– Execution Ability– Sustainable

Page 55: Zappos Downtown Project and DTP

$50M – Small Businesses

• Criteria–Owner Operated - Passionate–Helps Build Community– Execution Ability– Sustainable–Unique or First or Best at Something

Page 56: Zappos Downtown Project and DTP

$50M – Small Businesses

• Criteria–Owner Operated - Passionate–Helps Build Community– Execution Ability– Sustainable–Unique or First or Best at Something– Story-worthy

Page 57: Zappos Downtown Project and DTP

Natalie

Page 58: Zappos Downtown Project and DTP

Natalie

Page 59: Zappos Downtown Project and DTP

Natalie

Page 60: Zappos Downtown Project and DTP

Natalie

Page 61: Zappos Downtown Project and DTP

Natalie

Page 62: Zappos Downtown Project and DTP

Natalie

Page 63: Zappos Downtown Project and DTP

$50M – Tech Startups

http://img-s.foursquare.com/pix/EN1ZIL0JC5HTCZYD0PW41SWQYJHURTD204ZFZYBFGPM3F5JS.jpg

Page 64: Zappos Downtown Project and DTP

$50M – Tech Startups

http://timenerdworld.files.wordpress.com/2011/12/romotivefinal.jpg?w=576

Page 65: Zappos Downtown Project and DTP

$50M – Education, Arts, Culture

http://blogs.middlebury.edu/internship/files/2011/01/teach4America1.jpg

Page 66: Zappos Downtown Project and DTP

$50M – Education, Arts, Culture

http://www.vegasnews.com/wp-content/uploads/3_2_12_burn_vegas_kabik-131-9-588.jpg

Page 67: Zappos Downtown Project and DTP

$50M – Education, Arts, Culture

http://mikerossart.net/images/mikeross_enter.jpg

Page 68: Zappos Downtown Project and DTP

$200M – Residential & Real Estate

http://ecx.images-amazon.com/images/I/510Ph%2BqMw-L.jpg

Page 69: Zappos Downtown Project and DTP

WHEN CITIES DOUBLE IN SIZE…

Productivity and innovation per resident increases by 15%

(But not true for companies)

Accelerate serendipity -> Accelerate learning -> Accelerate productivity and innovation

Page 70: Zappos Downtown Project and DTP

3 INGREDIENTS FOR SERENDIPITY

1. Residential density of at least 100 residents/acre

2. Street-level activity for residents to collide

3. Culture of openness, collaboration, creativity, and optimism

Page 71: Zappos Downtown Project and DTP

HOW TO ACCELERATE LEARNING & INNOVATION

Maximize serendipitous interactions

Density in the office

Density in the city

Collisions vs. convenience

Page 72: Zappos Downtown Project and DTP

DIFFERENT GROUPS COLLIDING

1. 2000 Zappos employees2. 1000 Teach For America corp members

and alumni3. Tech Startup Community4. Small Business Community5. Art and Music Communities6. Other Passion Communities7. Local Residents

Page 73: Zappos Downtown Project and DTP

LEARNING FROM ZAPPOS & COWORKING…

Culture is to a Company

Page 74: Zappos Downtown Project and DTP

LEARNING FROM ZAPPOS & COWORKING…

Culture is to a Companyas

Community is to a City

Page 75: Zappos Downtown Project and DTP

LEARNING FROM ZAPPOS & COWORKING…

Culture is to a Companyas

Community is to a CityValues

InnovationSerendipity

ParticipationUpward Mobility

Attracting Startups and the Creative Class

Page 76: Zappos Downtown Project and DTP

Our Secret Weapon

http://static3.vipasuite.com/resources/dyn/images/459355w783h429s185b/_fn/ogden-3.jpg

Page 77: Zappos Downtown Project and DTP

LEARNING FROM TED, SUMMIT SERIES, SXSW…

Curated ContentSerendipity

LearningConnectionsCommunity

Page 78: Zappos Downtown Project and DTP

Downtown Vegas Mini-Residency

Curated ContentSerendipity

LearningConnectionsCommunity

Page 79: Zappos Downtown Project and DTP

Fremont St. & Las Vegas Blvd.

Page 80: Zappos Downtown Project and DTP

Downtown Vegas Monthly Cadence

Page 81: Zappos Downtown Project and DTP

Downtown Vegas Monthly Cadence

Week 1 – First Friday Week

Page 82: Zappos Downtown Project and DTP

Downtown Vegas Monthly Cadence

Week 1 – First Friday WeekWeek 2 – Tech Week

Page 83: Zappos Downtown Project and DTP

Downtown Vegas Monthly Cadence

Week 1 – First Friday WeekWeek 2 – Tech Week

Week 3 – Fashion Week

Page 84: Zappos Downtown Project and DTP

Downtown Vegas Monthly Cadence

Week 1 – First Friday WeekWeek 2 – Tech Week

Week 3 – Fashion WeekWeek 4 –

Page 85: Zappos Downtown Project and DTP

Downtown Vegas Monthly Cadence

Week 1 – First Friday WeekWeek 2 – Tech Week

Week 3 – Fashion WeekWeek 4 – Week 4 Week

Page 86: Zappos Downtown Project and DTP

OUR BIG BET… 3 Guiding Principles

Accelerate:1. Serendipity/Collisions2. Community/Culture3. Learning

And everything else will fall into place…(productivity, innovation, growth, happiness)

What will people say about downtown?

Page 87: Zappos Downtown Project and DTP

“Downtown Will Make You Smarter”

http://langintro.com/lv_dec_2010/pics/0950_emergency_arts_window.jpg

Page 88: Zappos Downtown Project and DTP

50% of Humans Live in Cities

http://ecx.images-amazon.com/images/I/510Ph%2BqMw-L.jpg

Page 89: Zappos Downtown Project and DTP

75% Will Live In Cities in Our Lifetime

http://ecx.images-amazon.com/images/I/510Ph%2BqMw-L.jpg

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Inspire Other Cities

http://ecx.images-amazon.com/images/I/510Ph%2BqMw-L.jpg

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Downtown Vegas: City of Possibilities

http://langintro.com/lv_dec_2010/pics/0950_emergency_arts_window.jpg

Page 92: Zappos Downtown Project and DTP

TOUR ZAPPOS AND DOWNTOWN!

tours.zappos.com

www.downtownproject.com

[email protected]