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

⏱️ 41 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

Read a transcript of this episode: https://mastersofscale.com

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Transcript

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0:00.0	Hi, it's Bob Safian. You've been hearing me as the host of rapid response in this feed for a few years now,
0:07.8	with short newsy interviews alongside the deeper dives of Masters of Scale. Well, I'm excited to share that rapid response is expanding into its own feed.
0:17.0	We'll be putting out shows twice a week, focusing on the urgent issues that business leaders are dealing with in real time.
0:24.8	So search for rapid response in your podcast player and subscribe to make sure you get all our episodes.
0:31.2	I'll see you on the other side.
0:33.0	Welcome to Masters of Scale Bingo.
0:36.0	The game in which you are lucky contestants,
0:40.0	listen out for classic entrepreneurial phrases and situations.
0:44.5	On our bingo card today, we have.
0:49.2	Why doesn't it exist?
0:51.8	Why don't we just create it?
0:54.0	Find a gap in the market.
0:56.0	Minimum viable product.
0:58.0	Sometimes you just jump and see what happens.
1:02.0	Today's guest is serial entrepreneur. just jump and see what happens.
1:06.0	Today's guest is serial entrepreneur, Mark Lorry. And remember, if you hear any of the phrases or situations
1:10.0	from our bingo card in his story,
1:12.0	be sure to mark them off.
1:14.0	There was no way to go work for a startup in 1993.
1:18.8	When I graduated college, it was sort of like,
1:21.2	okay, I love stocks and numbers and math.
1:25.0	So I thought I should take a test to be like a certified financial risk manager.
	...

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