99. Leap before you look, w/Marc Lore (Jet.com)

Masters of Scale

WaitWhat

Entrepreneurship, Business, Management, Reid Hoffman, Mindset, Diversity & Inclusion, Jeff Berman, Bob Safian, Startups

4.6 • 4.4K Ratings

🗓️ 11 January 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Marc Lore is all too familiar with leaping into the unknown. He’s made leaps of faith as the founder of Diapers.com, Jet.com, the CEO of Walmart U.S. e-commerce, and now, as a part owner of NBA/WNBA teams, along with Telosa, a city that he’s announced he’s building from scratch. One thing he’s learned from all of these audacious endeavors: you can’t leap alone. You need to convince your team, and more importantly, your customers to leap with you. As you’ll hear in this episode, Lore’s many leaps have evolved the way he assesses the risk involved. And each time, he's refined his method for bringing others – including customers, investors, co-founders and suppliers – along with him.

Listen to Mark Lore on Rapid Response: https://link.chtbl.com/LoreMoSBlurb

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Transcript

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0:00.0	Hey listeners, it's Alex Morris, a star writer here at Massive Scale.
0:04.1	Every week on Massive Scale Rapid Response, you hear real insights from business leaders,
0:09.5	and many of you have said that these episodes help you make more informed decisions in fast
0:13.9	changing situations.
0:15.6	So we want to tell you about another fantastic business podcast that can help you stay
0:20.4	in the know.
0:21.4	It's called Business Daily from the BBC, and it's all about the daily drama of money and
0:26.3	work.
0:27.3	From the environment to the world economy, you'll hear all about the rapidly evolving
0:31.4	world of business on a global scale.
0:34.1	There are new episodes of Business Daily every day, Monday through Friday, and you can listen
0:39.0	wherever you get your BBC podcast.
0:41.6	Again, that's Business Daily from the BBC.
0:45.9	Welcome to Massive Scale Bingo.
0:50.7	The game in which you are lucky contestants, listen out for classic entrepreneurial phrases
0:55.1	and situations.
0:56.9	From our bingo card today, we have...
1:01.5	Why doesn't it exist?
1:03.2	Why don't we just create it?
1:06.7	Find a gap in the market.
1:09.4	Minimum viable product.
1:11.2	Sometimes, you just jump and see what happens.
	...

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