2015-07-14, 04:05
Jet.com Takes Off Offering Lowest Prices On The Internet
Within the next week, Jet.com will officially launch. It promises to offer the lowest prices on the Internet. As Marc Lore notes in this interview, the key is to provide pricing that more accurately reflects purchase bundles and the distance that the goods need to travel. Lore spent the early part of his career as an investment banker, and has brought a depth of knowledge about financial models and algorithms to several experiences as an entrepreneur. Chief among those was Quidsi, the parent company of e-commerce websites Diapers.com, Soap.com, and Wag.com, among others. Lore co-founded the company in 2005 and sold to Amazon in 2011 for $550 million. Now Lore and Jet have Amazon squarely in its sites, hoping to under-cut the 800 pound gorilla of retail, and beat it in the marketplace space.
http://www.forbes.com/sites/peterhigh/20...uture-tech
Within the next week, Jet.com will officially launch. It promises to offer the lowest prices on the Internet. As Marc Lore notes in this interview, the key is to provide pricing that more accurately reflects purchase bundles and the distance that the goods need to travel. Lore spent the early part of his career as an investment banker, and has brought a depth of knowledge about financial models and algorithms to several experiences as an entrepreneur. Chief among those was Quidsi, the parent company of e-commerce websites Diapers.com, Soap.com, and Wag.com, among others. Lore co-founded the company in 2005 and sold to Amazon in 2011 for $550 million. Now Lore and Jet have Amazon squarely in its sites, hoping to under-cut the 800 pound gorilla of retail, and beat it in the marketplace space.
http://www.forbes.com/sites/peterhigh/20...uture-tech