Q&A with Marc Lore: Entrepreneur, Founder & CEO of Jet.com

This summer, startup veteran Marc Lore launched the highly anticipated online shopping site Jet.com, which—according to Crunchbase—had already raised $220M by February 2015. But Marc isn’t new to the e-commerce space. In fact, he sold his first e-commerce startup, Quidsi, to Amazon back in 2010.

Q&A with Marc Lore: Entrepreneur, Founder & CEO of Jet.com

Q&A with Marc Lore: Entrepreneur, Founder & CEO of Jet.com

An entrepreneur at heart, we asked Marc to share a bit about his experiences and challenges navigating the startup world and what he envisions for the future of Jet.com. Below are some highlights from that conversation, and, as you’ll see, not only does he have some useful tips for entrepreneurs, but a sense of humor, too!

What led you down the path of entrepreneurship?

I’ve always loved the idea of building businesses from the ground up. When I was 4, I wanted to be a farmer because they grow things from nothing. Nothing has really changed since then.

If you had a time machine, what would you do differently?

I really think that everything happens for a reason. I wouldn’t change anything that has happened in the past because I wouldn’t want today to be any different. If I changed something about the past, who knows where I would be today?

You sold Quidsi in 2010; what is the most important thing you learned from that exit?

I learned the importance of giving up control to the company that acquired you. It is no longer about your vision. It is helping the company that acquired you achieve their vision.

What keeps you up at night?

When the temperature of the room rises above 71 degrees :)

What’s the best piece of startup advice you’ve ever received?

When you pitch to investors, give them the most conservatve plan you can still raise money with. If you beat your plan, you’ll earn their trust in the long run.

When you pitch to investors, give them the most conservatve plan you can still raise money with. If you beat your plan, you’ll earn their trust in the long run.

What’s next for Jet.com?

We’re focused on growing our assortment and building retail partnerships. You’ll also start to see more marketing from us, including TV ads in September.

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What kinds of questions do you have about entrepreneurship or running a startup? Let us know in the comments or tweet us @MSAccel and watch the blog for future founder insights!

For more advice from the startup trenches, check out PlayCanvas’ Tips for Building the Right Team and UniKey’s Lessons for Beginner Entrepreneurs.