e-commerce

“It's, the future of the Asian tech market is, is huge. Initially, it's going to be driven around e-commerce and gaming, but already you can see deeper tech and particularly internet of things, smart cities”

“So in Asia, we don't do e-commerce really anywhere except in Asia, but in Asia, e-commerce is so early and so, and growing so fast that it's a fantastic opportunity.”

“I know that we're now less likely to do anything in e-commerce or hardware because these, it's less capital efficient than software companies.”

“Specifically for software as a service where you, you're essentially online or cloud software company, it's super important to have great product people and great technical people, right? Because at the end of the day, it's about really differentiating with th…”

“The biggest time of the year for e-commerce, 40% of everything sold is going to happen in the next quarter.”

“E-commerce is a two to three trillion dollar market with retail being 10 times bigger than that.”

“A lot of investors don't love e-commerce for a number of reasons. It's, it tends, it can be a low margin business. It tends to have low multiples. Amazon is ever present and can compete with you in many, many categories on price and convenience, so it's pretty…”

“The most successful retailers today in the United States have very little e-commerce. So think of Home Depot, Lowe's, TJ Maxx, Costco, Dollar Store, Zara, H&M, even Uniqlo, their e-commerce businesses are sub-three percent of total sales, yet TJX, which owns a…”

“E-commerce is still only about 10% of total retail in the United States.”

“So this is why stable coins are extremely important. It's hard to have an e-commerce or e-commerce use case without a unit of account.”

“The biggest outcomes in the space had been in companies that were multi-brand retailers, and in some sense competing with Amazon and doing so successfully.”

“And today, e-commerce accounts for about 15% of all US retail sales.”

“The store's world is broken for obvious reasons of just putting every single skew on the floor and expecting people to sift through it. But what was interesting was just, you know, kind of e-commerce and online and all of the kind of new technology to me still…”

“I find that thesis exceptionally unlikely. The brain can only remember a couple of brands, and so I think the world is consolidating around Fewer and fewer places to buy things online. I mean, if you're a tiny independent shop, you're going to recount on Googl…”

“If you look at e-commerce penetration in, in Brazil to take one specific case, we're right now about almost three years ahead of where we would have been in that historic growth curve.”

“Like, you know, the future of e-commerce is mobile. The future of logistics and delivery is like, you know, not next day not, you know, even same day, not even next two hours, you know, next 10, 20, 30 minutes.”

“Early on, I was a big proponent of that e-commerce was going to clean the clock of the department stores. I got the thesis half right. Share did shift. No one could make money other than Amazon because of there's just no defensibility, no barriers to entry.”

“Media and e-commerce are both sexy and accessible industries. So, 50,000 entrepreneurs have gone after them, and so the next guy right now just probably isn't gonna come up with a good idea.”

“E-commerce, there's been probably net, you know, no value created in five years.”

“One thing that we got wrong is a lot of things return back to pre-COVID. Humans don't really change that much or they change more slowly. And so e-commerce really returned back to the pre-COVID trend line.”

“If I follow a link and I land on an e-commerce from like a large brand that's trying to really differentiate themselves and be something different, right? Like I definitely just, I wouldn't want just to have some box saying like, you come up with what you want…”

“When the cost of building an e-commerce that looks like any of the current brands today goes down to like, just Ask Bolt to do it for you. Ask Lovable to do it for you. And you have that. Those brands are going to have to come up with something much more engag…”