Regrets ?? Never .. ever…
I got the call in late 1997 from a former colleague and senior executive … “Come join me in Santa Monica, California. We are going to build the greatest toy store ever.”
And we almost pulled it off….
There was a time when eToys.com felt unstoppable. I was fortunate to be part of the very early stages of building what would become one of the most recognized online toy brands globally. If you remember our award-winning TV commercials, we banked on the idea that consumers would buy toys online, without touching or seeing them on a store shelf. It required belief. It required risk. It required a team willing to dedicate itself to something that had never quite been done before.
We built more than a company. We helped shape a new way for people to shop. Every day brought new challenges with no clear answers. We hired hundreds of employees across the US and UK at an incredible pace. Teams were forming in real time. Processes were created on the fly. Expectations constantly evolved. We shared an understanding that what we did mattered, even if the long-term outcome was uncertain.
Those years required an intensity that is difficult to fully explain unless you lived through it. There were endless 100-hour workweeks that spanned over the course of four years. The lines between professional and personal life disappeared, replaced by a singular focus on building something meaningful. (My first true life lesson on work/life balance failure.) The pace was relentless, but the energy was just as intense. There was a collective belief that we were creating the greatest online toy brand ever built, and for a period of time, it truly felt that way.
The real fun was the IPO. It was a national sensation of sorts. Priced in the low 20’s and peaked at $80/share the first day. All the early-stage employees within our offices and warehouses were ecstatic. Over the following month, the stock stabilized; however, it was still difficult to shut your brain off and calculate “paper net worth” with the equity we were each holding.
As quickly as something can be built, it can also be unraveled. Market conditions shifted. The environment changed. The official dot-bomb was underway. The momentum that once felt unstoppable proved far more fragile than we imagined.
I had the unfortunate role of hitting the red button that shut down our website and put up a splash page saying we were no longer in business. Watching the company go bankrupt was not just a business outcome—it was deeply personal for me and all involved. Years of work, sacrifice, and commitment became part of the dot-com era’s broader story.
From the outside, bankruptcy is often viewed simply as failure. From the inside, it feels far more complex. What we built was real. The people were real. The effort was real. When something consumes that much of your time, your energy, and your belief, it inevitably becomes part of your identity. When it ends, you are left reflecting not only on what was lost, but on what was gained through the process of building something from nothing.
Looking back, eToys.com helped shape how I see the world. It taught me how fragile momentum can be and how quickly circumstances can change. It reinforced the importance of people, teamwork, and shared vision when attempting to create something meaningful. It demonstrated that execution matters just as much as ideas, and that belief can often carry an organization further than certainty ever could.
Perhaps most importantly, the experience helped me understand that creating something changes you. Once you have been part of building a company from the ground up, you begin to view challenges differently. You become more comfortable operating in uncertainty. You develop a deeper appreciation for the process itself, not just the outcome. The desire to create, to improve, and to try again does not easily disappear once you have experienced what it feels like to build.
There is often a tendency to evaluate experiences solely based on whether they lasted. But longevity alone does not determine value. Some of the most impactful chapters in life are those that challenge us, test us, and ultimately shape how we approach what comes next. eToys was one of those chapters for me.
When I reflect on that period of my life, I do not see it as something that ended. I see it as something that continues to influence how I think, how I lead, and how I approach new opportunities. The experience did not diminish the desire to build — it strengthened it.
And in many ways, that is the real legacy of eToys for me.








