The Foundr Podcast with Nathan Chan 399: Billionaire Marc Lore Chats Diapers, Buying the Timberwolves, and Creating the Next Generation of Restaurants
Mar 9, 2022
Marc Lore, a successful entrepreneur known for founding diapers.com and jet.com, shares his journey of building and selling innovative e-commerce ventures. He talks about negotiations to buy the Minnesota Timberwolves, revealing insights on timing and deal-making. Lore introduces his latest startup, Wonder, which aims to transform the restaurant industry with mobile food delivery. He also discusses his ambitious project, Telosa, a city being built from scratch, showcasing his vision for sustainability and community.
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Baseball Card Hustle
- Marc Lore's favorite childhood hustle involved buying baseball cards wholesale.
- He and his friend packaged sets and sold them at trade shows for a profit.
Keys to Entrepreneurial Success
- Combine a strong work ethic with calculated risk-taking.
- Develop strong selling skills and maintain a grand vision.
Diapers.com Early Days
- Diapers.com initially bought diapers from Costco at a loss to sell online.
- This strategy aimed to build customer relationships and sell other profitable items.