34 subscribers
Go offline with the Player FM app!
Marc Lore | Mercenary to Missionary: The Man Behind Jet.com, Diapers.com, and Wonder
Manage episode 418197865 series 2552626
Marc Lore is a serial entrepreneur and self-made billionaire renowned for his innovative ventures in e-commerce. From an early age, he harbored a passion for growth and risk-taking, wanting to be a farmer when he was 4 years old. While not a farmer in the traditional sense, Marc's entrepreneurial journey mirrors the same principles of cultivating and nurturing ideas into successful enterprises.
Marc has founded and sold several companies, notably Jet.com, which was acquired by Walmart for $3.3 billion in 2016, and Diapers.com/Quidsi, acquired by Amazon in 2011 for $550 million. In 2021, he founded Telosa, a proposed $400 billion futuristic city he envisions to be a model for urban living with a focus on innovation, sustainability, and quality of life. In the same year, he also launched Wonder, recently raising $700 million to build curated food halls offering a diverse selection of top chefs and restaurants nationwide.
Marc's approach to entrepreneurship emphasizes building mission-driven cultures, prioritizing customer value, assembling exceptional teams, and empowering them to achieve ambitious goals swiftly. His evolution from "mercenary" to "missionary" reflects his transition from pure profit-driven ventures to a deeper commitment to fostering startup ecosystems and guiding fellow founders through the challenging startup landscape.
Marc is also the owner of the Minnesota Timberwolves and Minnesota Lynx basketball franchises, along with partner Alex Rodriguez. Driven by a desire to push boundaries and support the next generation of entrepreneurs, he continues to inspire and empower others with his wealth of experience and strategic insights into building successful businesses.
***
CHA-CHING! Customers are rushing to your store. Do you have a point-of-sale system you can trust or is it (ahem) a real P.O.S.? You need Shopify for retail.
Shopify POS is your command center for your retail store. From accepting payments to managing inventory, Shopify has EVERYTHING you need to sell in person. Get hardware that fits your business. Take payments by smartphone, transform your tablet into a point-of-sale system, or use Shopify’s POS Go mobile device for a battle-tested solution.
Plus, Shopify’s award-winning help is there to support your success every step of the way.
Do retail right with Shopify. Sign up for a one-dollar-per-month trial period at www.shopify.com/founderhour. Once again, go to www.shopify.com/founderhour to take your retail business to the next level today.
***
The Founder Hour is brought to you by Outer. Outer makes the world’s most beautiful, comfortable, innovative, and high-quality outdoor furniture - ALL from sustainable materials - and is the ONLY outdoor furniture with a patented built-in cover to make protecting it effortless. From teak chairs to fire pit tables, everything Outer makes has the look and feel of what you’d expect at a 5-star resort, for less than you’d pay at a big box store for something that won’t last.
For a limited time, get 10% off at www.liveouter.com/thefounderhour. Terms and conditions apply.
***
Follow The Founder Hour on:
Instagram | www.instagram.com/thefounderhour
Twitter/X | www.x.com/thefounderhour
LinkedIn | www.linkedin.com/company/thefounderhour
YouTube | www.youtube.com/@thefounderhour
279 episodes
Manage episode 418197865 series 2552626
Marc Lore is a serial entrepreneur and self-made billionaire renowned for his innovative ventures in e-commerce. From an early age, he harbored a passion for growth and risk-taking, wanting to be a farmer when he was 4 years old. While not a farmer in the traditional sense, Marc's entrepreneurial journey mirrors the same principles of cultivating and nurturing ideas into successful enterprises.
Marc has founded and sold several companies, notably Jet.com, which was acquired by Walmart for $3.3 billion in 2016, and Diapers.com/Quidsi, acquired by Amazon in 2011 for $550 million. In 2021, he founded Telosa, a proposed $400 billion futuristic city he envisions to be a model for urban living with a focus on innovation, sustainability, and quality of life. In the same year, he also launched Wonder, recently raising $700 million to build curated food halls offering a diverse selection of top chefs and restaurants nationwide.
Marc's approach to entrepreneurship emphasizes building mission-driven cultures, prioritizing customer value, assembling exceptional teams, and empowering them to achieve ambitious goals swiftly. His evolution from "mercenary" to "missionary" reflects his transition from pure profit-driven ventures to a deeper commitment to fostering startup ecosystems and guiding fellow founders through the challenging startup landscape.
Marc is also the owner of the Minnesota Timberwolves and Minnesota Lynx basketball franchises, along with partner Alex Rodriguez. Driven by a desire to push boundaries and support the next generation of entrepreneurs, he continues to inspire and empower others with his wealth of experience and strategic insights into building successful businesses.
***
CHA-CHING! Customers are rushing to your store. Do you have a point-of-sale system you can trust or is it (ahem) a real P.O.S.? You need Shopify for retail.
Shopify POS is your command center for your retail store. From accepting payments to managing inventory, Shopify has EVERYTHING you need to sell in person. Get hardware that fits your business. Take payments by smartphone, transform your tablet into a point-of-sale system, or use Shopify’s POS Go mobile device for a battle-tested solution.
Plus, Shopify’s award-winning help is there to support your success every step of the way.
Do retail right with Shopify. Sign up for a one-dollar-per-month trial period at www.shopify.com/founderhour. Once again, go to www.shopify.com/founderhour to take your retail business to the next level today.
***
The Founder Hour is brought to you by Outer. Outer makes the world’s most beautiful, comfortable, innovative, and high-quality outdoor furniture - ALL from sustainable materials - and is the ONLY outdoor furniture with a patented built-in cover to make protecting it effortless. From teak chairs to fire pit tables, everything Outer makes has the look and feel of what you’d expect at a 5-star resort, for less than you’d pay at a big box store for something that won’t last.
For a limited time, get 10% off at www.liveouter.com/thefounderhour. Terms and conditions apply.
***
Follow The Founder Hour on:
Instagram | www.instagram.com/thefounderhour
Twitter/X | www.x.com/thefounderhour
LinkedIn | www.linkedin.com/company/thefounderhour
YouTube | www.youtube.com/@thefounderhour
279 episodes
All episodes
×
1 Vinny Dotolo | Award-Winning Chef and Co-Owner of Jon & Vinny’s 1:29:55

1 Joel Madden | Good Charlotte, Veeps, and the Music Business 1:23:27

1 Troy Arntsen | Crafting a Luxury Candle Brand with Voluspa 56:29

1 Taylor Hill | Supermodel and Founder of Tate & Taylor 59:24

1 Joe Gebbia | The Creative Force Behind Airbnb and Samara 1:17:44

1 Michelle Wahler | Building Beyond Yoga Into a $400 Million Exit to Levi’s 1:10:27

1 Max Levchin | Co-Founder of PayPal and Affirm 1:15:54

1 Joe Kudla | Innovating Athletic Apparel with Vuori 1:04:35

1 Niki Nakayama | Two-Michelin-Starred Chef and Owner of n/naka 54:40

1 Larry Fitzgibbon | Co-Founder and CEO of Tastemade 1:04:07

1 Jennifer Hyman | Democratizing Designer Fashion with Rent the Runway 1:15:33

1 Aaron Levie | How Box Pioneered Cloud Content Management 55:41

1 Angie Hicks | How Angie’s List Became a Household Name 52:52

1 Ray Dalio | Founder of Bridgewater Associates, Philanthropist, and Author of “Principles” 1:04:56

1 Keith Rabois | Venture Capitalist and Co-Founder of Opendoor and OpenStore 58:23
Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.