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Marc Lore
Marc Lore is an entrepreneur and co-founder, Chief Executive Officer, and chairman of Jet.com, an e-commerce startup launching in 2015. Prior to Jet, Marc co-founded Quidsi, the parent company of a family of websites as Diapers.com and Soap.com, with childhood friend Vinit Bharara. The company was sold in 2011 to Amazon for $545 million.
== Career ==
Marc has worked in the finance industry, at Banker's Trust, Credit Suisse First Boston, and Sanwa Bank. He then embarked on entrepreneurial ventures. He was co-founder and CEO of The Pit, Inc.,〔(【引用サイトリンク】url=http://www.thepit.com/hub/press_releases.asp )〕 which he successfully sold in 2001 to the then public Topps Company. He joined the Topps Company as the Chief Operating Officer of one of its subsidiaries, Wizkids, Inc.〔(【引用サイトリンク】url=http://investing.businessweek.com/research/stocks/private/person.asp?personId=36339037&privcapId=30030831 )〕
In 2005, he and Vinit Bharara founded 1800DIAPERS, which would be rebranded as Diapers.com and fall under the parent corporation Quidsi, Inc. According to a 2009 interview, his vision for Diapers was inspired by his own family's experience with the difficulty of keeping necessary baby-care goods in stock.〔(【引用サイトリンク】url=http://www.inc.com/magazine/20090901/the-way-i-work-marc-lore-of-diaperscom.html )〕 From 2005 to 2012 the company launched a portfolio of websites catering to families, including Soap.com and Wag.com. Lore and Bharara were successful in building a loyal customer base among young parents in urban areas. To improve the economics of shipping bulky, low-margin products like diapers to their customers, they established warehouses relatively close to urban areas to take advantage of ground shipping rates, instituted algorithms to minimize ship cost, and conducted warehouse operations using Kiva robots. The company was sold to Amazon in 2011 for $545 million. Lore then worked for Amazon for over two years.
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