ADVENTURES
MARC LORE
entrepreneur, businessman, investor, and NBA owner
IN ENTREPRENEURSHIP
November 9th, 6-7 PM EST
Register for your FREE virtual seat and also receive a FREE mini-book from Marc Lore
Marc Lore
Serial Entrepreneur | Moonshot Seeker | Mission Driven Dad
Marc Lore is Founder, Chairman, and CEO of Wonder Group, a company that’s reinventing the at-home dining experience.
Wonder is led by a team of proven entrepreneurs, some of the world’s greatest chefs and culinary experts, talented innovators from every area of the business, and backed by top-tier venture capitalists.
Lore is also the newest NBA owner having purchased the Minnesota Timberwolves and Minnesota Lynx in Spring 2021 with his friend and business partner, Alex Rodriguez.
Has Marc Lore Discovered the Secret to Entrepreneurship?
This visionary, tactician, operator, disrupter, competitor, and former track star has won many ways--and always with speed.
The Diapers.com Guy Wants to Build a Utopian Megalopolis
“Let the people own the land!” says Marc Lore. “But in a capitalistic way.”
Jet.com founder Marc Lore on strategy for his new venture firm with A-Rod
E-commerce was one of the areas that hit hard in Wednesday’s sell-off. Marc Lore discusses his outlook on the sector as the economy begins to reopen, his new VC fund and more.
DIAPERS.COM
In 2005, Lore and Vinit Bharara founded 1800DIAPERS, later rebranded as Diapers.com. Lore served as CEO. The company was sold to Amazon in 2011 for $545 million, and Lore then worked for Amazon for over two years.
THE PIT
In 1999, Lore co-founded The Pit, Inc., an Internet market-making collectible company constructed as an alternative to eBay. Lore served as CEO and The Pit was sold to the sports collectibles company, The Topps Company, Inc. for $5.7 million in 2001. Following the acquisition, Lore joined Topps as chief operating officer of gaming subsidiary WizKids.
JET.COM
In 2014, Lore founded eCommerce company, Jet with Nate Faust and Mike Hanrahan. In January 2015, Jet was featured in a cover story in Bloomberg Businessweek. On August 8, 2016, Walmart announced it had agreed to acquire Jet.com for $3.3 billion. Following the acquisition, Lore was appointed president and chief executive officer of Walmart U.S. eCommerce.
WALMART
After its first full year with Lore at the helm, Walmart's U.S. eCommerce sales grew 44%. Under the guidance of Lore, the company rolled out free two-day delivery for orders over $35 without a membership fee to compete with Amazon Prime, and that was accelerated to free one-day delivery last year, shortly after Amazon made the same move in Prime. In the most recent quarter, Walmart expanded ship-from-store capabilities to 2,500 stores, leveraging the power of its store base, and it launched Express Delivery, promising delivery in two hours.
Marc's AdventuresTelosa
Telosa is a planned utopian city, conceived by Marc Lore, to be a “city of the future” based on a “reformed version of capitalism”
Lore refers to his design philosophy for the city as “equitism”, described as “a new model for society, where wealth is created in a fair way... It’s not burdening the wealthy; it’s not increasing taxes. It is simply giving back to the citizens and the people the wealth that they helped create”.
