Masters of Scale

Rapid Response: Launching a $500b startup, w/Jet.com's Marc Lore

Oct 21, 2021

Billionaire entrepreneur Marc Lore, co-founder of Jet.com and former Walmart e-commerce president, discusses his ambitious vision for the future. He shares plans for Telosa, a sustainable new city aiming to tackle socioeconomic issues through community land ownership. Lore also delves into his recent investments in sports, including acquiring the Minnesota Timberwolves, and emphasizes his approach to entrepreneurship: focusing on vision, capital, and people. With innovative ideas like the 'Lobatical' employee benefit, he highlights the importance of appreciation in driving success.

22:22

Episode guests

Marc Lore

AI Chapters

Episode notes

Intro

4min

Vision for Tulosa: A New City Model

7min

Innovative Employee Engagement and Entrepreneurial Vision

3min

Entrepreneurship Meets Sports Ownership

9min

Building a Dream: The Journey of a Plant-Based Restaurant

3min

Since stepping down as Walmart’s president of e-commerce at the beginning of the year, billionaire entrepreneur Marc Lore has had a busy year of big ideas. In the spring, it was announced that he reached a deal to purchase the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx, alongside Alex Rodriguez. And then last month, he outlined his plans to build a new American city called Telosa, centered around sustainability and inclusion. Lore, who co-founded Jet.com, an e-commerce company that sold to Walmart in 2016, says that he approaches these moonshot ideas in the same manner: by reverting to the fundamentals and naming the mission and values. "VCP: vision, capital, people,” he says. “If you get VCP right, everything else falls in place."

Read a transcript of this interview at: mastersofscale.com

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