Marc Lore, the former CEO of Quidsi, is thinking about raising $600 million for his new startup, Jet, before the company has even launched, according to Re/code's Jason Del Rey. Lore says that Jet wants to spend nearly that much on marketing over the next five years. Pre-launch, Lore has already raised $80 million for the still-secretive e-commerce startup, which will reportedly price products dynamically, based on where they're stored in relationship to the customer.
The Founder Of Mysterious Amazon-killer Jet.com Is Thinking About Raising $600 Million — Before His Startup Has Even Launched (a
Jillian D'Onfro, Business Insider
Tue, 09/30/2014 - 12:24pm
Topics: marc lore re/code's jason del rey lore pre-launch lore apparently shop digital summit re/code soap wag quidsi vinit bharara before july january this ceo's crazy pants landed him a gig with google join lore lore ceo quidsi jet del rey re/code's del rey the amazon diapers bharara founder startup launched thinking about raising million customer company told e-commerce price marketing years bought reportedly products sites year started base site deep plans big
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