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Diapers.com & Jet.com: Marc Lore
How I Built This with Guy Raz
E-Commerce - Is It All You Needed?
We were going to lose three billion dollars before you startd money. We're burning about forty million a month, all right? But the real key was raising. six hundred and eighteen million dollar series ah. So we had negative gross margins. It was going up against amazon. You know, we needed to raise six hundred million dollars to get through the next, you know, eighteen months, basically. And with the money you raised, how much runway did you have? How much time did you have before you actually had either raise more money or shut down?...
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