This man has $220 million and a plan to take down Amazon
See the original posting on The Verge
Marc Lore does not remain still. During a recent lunch he fidgeted in his chair, stood up, stretched, then took a seat, and resumed eating. “We have an open office. I stand all day, I never sit,” he explains. “This feels uncomfortable.”
Lore has been very busy of late building Jet, an ambitious e-commerce startup trying to take the shopping club model pioneered by Costco and reimagine it for an online world. Today the company is launching in private beta to its first 10,000 customers, a slice of the 360,000 people who signed up for early access. The goal is to offer better prices than even the largest web retailer, Amazon. Thats an ambitious battle to fight, and for Lore, its also personal.