83: Marc Lore: Persuade Like A Pro

Business Unusual with Barbara Corcoran

Barbara Corcoran

Entrepreneurship, Careers, Business

4.8 • 1K Ratings

🗓️ 31 March 2020

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Marc Lore is a serial entrepreneur who most notably sold Jet.com to Walmart for a whopping $3 Billion dollars! He now heads up Walmart’s e-commerce and stopped by to teach me his tricks of the trade to build trust with investors, find the right talent and raise enough capital to turn the nonbelievers into the big spenders. Take a listen! Got a question for me? Call me at 888-BARBARA or tweet me @barbaracorcoran and I just might answer on a future episode - or even call you up to discuss live. Subscribe to Business Unusual with Barbara Corcoran on Apple Podcasts, Spotify or wherever you listen. This episode of Business Unusual with Barbara Corcoran is presented by OnDeck Business Loans (http://www.ondeck.com/barbara).

Transcript

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0:00.0	Hey, this is Barbara Corker, and you are now tuned in to business unusual.
0:06.2	Everything you ever learned about business, throw it out the window.
0:09.2	I'm going to tell you the real deal listening.
0:10.9	Today I'm going to answer all your burning questions about work, life,
0:15.2	starting a company, getting on track and much, much more. Be sure to call in to the
0:20.8	business-unusual hotline with your question at 888 Barbara.
0:25.8	That's 888 B. A R B A R A R A.
0:30.2	But first, Mark Lurie is no ordinary entrepreneur.
0:33.6	He's an e-commerce, entrepreneur, extraordinary.
0:37.2	Walmart bought his company Jet.com for over three,
0:40.3	listen to this, billion, S&B billion dollars that was in 2016 but wait there's more even
0:47.7	before founding jet.com mark also created quitsy the parent company of WAG.com, diapers.com, which he sold to Amazon
0:57.9	before that last big deal for 550 million in 2011 after just six as an SIX years in business.
1:09.2	How the heck do you build something in six years that's worth over 550 million dollars? I don't get it help me out with that as a start?
1:17.0	Yeah, no, I think it's important to build a really strong culture and foundation and hire great people and empower them and let them run.
1:24.8	There's no way to move that fast when you're finding yourself having to do all the details
1:29.4	yourself.
1:30.4	So I think it's really thinking big from the outset is what's key.
1:33.6	So you're saying not only thinking big but you're also saying delegation was key.
1:37.5	Yeah, structure it so that you can hire people and empower them.
1:42.0	But how do you do that again?
1:43.4	I have to repeat in six years.
	...

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