Marc Lore, a serial entrepreneur known for launching Diapers.com and Jet.com, lends his expertise as he discusses strategic pivots with fellow founders. Ben Bailey shares the challenges of rising cocoa prices at Chomp Chocolate, while Ryan Thompson considers national expansion for his whiskey brand Tenth Mountain. Lore emphasizes adaptability in business and provides insights on market strategies that cater to consumer needs, highlighting the importance of finding the right talent and making informed decisions in a competitive landscape.

In this engaging discussion, Marc Lore, a serial entrepreneur and founder of Diapers.com and Jet.com, shares insights into spotting billion-dollar opportunities. He emphasizes the importance of a ‘billions or body bags’ mentality and hiring for character over experience. Marc reveals unconventional interview techniques and discusses resilience in entrepreneurship. He explains how to tackle doubters and highlights that great execution often trumps brilliant ideas. Tune in for invaluable lessons on leadership, risk-taking, and the mindset needed for entrepreneurial success.

Join billionaire entrepreneur Marc Lore, founder of Diapers.com and Jet.com, as he discusses his thrilling journey into sports ownership with the Minnesota Timberwolves. Marc shares his insights on building effective teams and outlines strategies for running businesses with a focus on innovation in e-commerce. Explore the intriguing companies he's investing in and his bold ideas for a new $100 million e-commerce venture. With a mix of wisdom and vision, he delves into the future of online shopping and the dynamics of capital acquisition in today's market.

Marc Lore, a visionary entrepreneur behind Jet.com and Wonder Group, and Austin Russell, the young billionaire founder of Luminar Technologies, take us on their journeys through resilience and risk. They dive deep into the transformative potential of LiDAR technology in autonomous vehicles, discussing how it enhances safety and driving experiences. Additionally, they share insights into the ups and downs of the food delivery sector, emphasizing the need for adaptability and innovation in an ever-evolving market. Their perspectives inspire aspiring entrepreneurs to push past obstacles!

Around 2003, after forays into banking, baseball cards, and—believe it or not—bobsledding, Marc Lore landed on an idea for an e-commerce business: a website to make it simple for parents to order diapers. The only problem, as he quickly discovered, was that it's impossible to make money selling diapers on the internet. But Marc and his co-founder had a strategy: they'd lose money on diapers, but make it up by selling other baby products. By 2010, Diapers.com was such a competitive threat that Amazon acquired the company for over $500 million. In 2015, Marc launched another e-commerce venture and Amazon competitor called Jet.com. Walmart bought Jet.com less than a year later in a deal valued at $3.3 billion.How I Built This Summit - information and tickets at:http://summit.npr.orgSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Marc Lore, a serial entrepreneur and former CEO of Walmart eCommerce, shares his insights on assessing human potential and the concept of 'the resume test.' He argues that hiring a Chief People Officer should be a startup's top priority to foster culture and alignment. Lore reflects on the balance between ambition and personal life, discussing how he approaches risk and fear in business decisions. He critiques traditional hiring practices and emphasizes mission-driven candidates, offering intriguing views on the future of venture capital.

Marc Lore is all too familiar with leaping into the unknown. He’s made leaps of faith as the founder of Diapers.com, Jet.com, the CEO of Walmart U.S. e-commerce, and now, as a part owner of NBA/WNBA teams, along with Telosa, a city that he’s announced he’s building from scratch. One thing he’s learned from all of these audacious endeavors: you can’t leap alone. You need to convince your team, and more importantly, your customers to leap with you. As you’ll hear in this episode, Lore’s many leaps have evolved the way he assesses the risk involved. And each time, he's refined his method for bringing others – including customers, investors, co-founders and suppliers – along with him.Listen to Mark Lore on Rapid Response: https://link.chtbl.com/LoreMoSBlurbRead a transcript of this episode: https://mastersofscale.comSubscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Picture this: you just wrapped a long day of work and you are starving! You open a delivery app and place an order from your favorite restaurant. About an hour later, you get a notification that your meal has arrived. You’re practically salivating as you tear open the bag, and then...a rude awakening — your dinner became cold and soggy in transit. This frustrating and all-too-common experience is exactly what Marc Lore is trying to solve with his latest venture, Wonder.This week on How I Built This Lab, Marc returns to the show to share how Wonder, recently valued at $3.5 billion, has the potential to disrupt the entire food delivery and home dining industry. Plus, Marc offers advice on how to approach big challenges and discusses several other business ideas he’s been cooking up since leaving Walmart last year.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Marc Lore, the founder of iconic ecommerce brands, shares his journey from selling Diapers.com to Amazon for $550M to building a tech city in the desert. He discusses balancing entrepreneurship with training for the Winter Olympics and his unique approach to business. The podcast also explores his pivot to a vertically integrated food delivery platform, emphasizing salary transparency and fostering trust within a company.

In this discussion, Marc Lore, a serial entrepreneur and CEO of Wonder, shares his ambitious vision for the food delivery industry. He reveals Wonder's startling acquisition of GrubHub for $650 million, significantly under its previous valuation. Marc also explains how they are revolutionizing fast-casual dining by blending pre-cooked food systems with high-quality options. He delves into the role of AI in personalizing nutrition and emphasizes the importance of strong organizational culture and leadership strategies in scaling effectively.