The Ledger
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Jeff Jordan: Top e-commerce investments like Fanatics generated uninspiring returns
“And I actually got two of the best e-commerce companies out there, fanatics and Zulu and it still is an uninspiring outcome.”
Fanatics generates billions in revenue and hundreds of millions in EBITDA
“I mean, the business is fantastic, and it's at scale, massive scale, billions of dollars of revenue, and hundreds of millions of dollars of EBITDA, like a massive company.”
Meyer: Products serving everyone lose the fanatic power users driving viral growth
“If your product becomes everything to everyone, you lose the fanatics. But your fanatics are the ones that talk about it in bars. Bring their friends in, have the viral coefficients and stuff, but they're also the ones that push you to do unimaginable things, …”