Marc Lore is a serial entrepreneur and self-made billionaire renowned for his innovative ventures in e-commerce. From an early age, he harbored a passion for growth and risk-taking, wanting to be a farmer when he was 4 years old. While not a farmer in the traditional sense, Marc's entrepreneurial journey mirrors the same principles of cultivating and nurturing ideas into successful enterprises.
Marc has founded and sold several companies, notably Jet.com, which was acquired by Walmart for $3.3 billion in 2016, and Diapers.com/Quidsi, acquired by Amazon in 2011 for $550 million. In 2021, he founded Telosa, a proposed $400 billion futuristic city he envisions to be a model for urban living with a focus on innovation, sustainability, and quality of life. In the same year, he also launched Wonder, recently raising $700 million to build curated food halls offering a diverse selection of top chefs and restaurants nationwide.
Marc's approach to entrepreneurship emphasizes building mission-driven cultures, prioritizing customer value, assembling exceptional teams, and empowering them to achieve ambitious goals swiftly. His evolution from "mercenary" to "missionary" reflects his transition from pure profit-driven ventures to a deeper commitment to fostering startup ecosystems and guiding fellow founders through the challenging startup landscape.
Marc is also the owner of the Minnesota Timberwolves and Minnesota Lynx basketball franchises, along with partner Alex Rodriguez. Driven by a desire to push boundaries and support the next generation of entrepreneurs, he continues to inspire and empower others with his wealth of experience and strategic insights into building successful businesses.
***
CHA-CHING! Customers are rushing to your store. Do you have a point-of-sale system you can trust or is it (ahem) a real P.O.S.? You need Shopify for retail.
Shopify POS is your command center for your retail store. From accepting payments to managing inventory, Shopify has EVERYTHING you need to sell in person. Get hardware that fits your business. Take payments by smartphone, transform your tablet into a point-of-sale system, or use Shopify’s POS Go mobile device for a battle-tested solution.
Plus, Shopify’s award-winning help is there to support your success every step of the way.
Do retail right with Shopify. Sign up for a one-dollar-per-month trial period at www.shopify.com/founderhour. Once again, go to www.shopify.com/founderhour to take your retail business to the next level today.
***
The Founder Hour is brought to you by Outer. Outer makes the world’s most beautiful, comfortable, innovative, and high-quality outdoor furniture - ALL from sustainable materials - and is the ONLY outdoor furniture with a patented built-in cover to make protecting it effortless. From teak chairs to fire pit tables, everything Outer makes has the look and feel of what you’d expect at a 5-star resort, for less than you’d pay at a big box store for something that won’t last.
For a limited time, get 10% off at www.liveouter.com/thefounderhour. Terms and conditions apply.
***
Follow The Founder Hour on:
Instagram | www.instagram.com/thefounderhour
Twitter/X | www.x.com/thefounderhour
LinkedIn | www.linkedin.com/company/thefounderhour
YouTube | www.youtube.com/@thefounderhour
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.