The GaryVee Audio Experience Playing The Long Game | Coffee & Commerce Episode #20
Oct 14, 2020
Marc Lore, CEO of Walmart eCommerce and co-founder of diapers.com and jet.com, shares his entrepreneurial insights alongside host Zubin Mowlavi. They dive into the challenges and triumphs of launching diapers.com, including the initial strategy of selling at a loss to disrupt the market. Lore discusses future innovations like drone delivery and conversational commerce, emphasizing the importance of adaptability. He also reflects on vision and execution in entrepreneurship, highlighting the unique challenges faced by female founders in fundraising.
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Lore's Entrepreneurial Journey
- Marc Lore quit his banking job to pursue entrepreneurship.
- He started and sold four companies, including Diapers.com and Jet.com.
Diapers.com Strategy
- Diapers.com initially sold diapers at a loss to attract customers.
- They later expanded to other baby products and beyond.
Future of E-commerce
- Marc Lore focuses on long-term e-commerce trends and innovations.
- He's particularly interested in autonomous vehicles, drones, and their impact on delivery.