Jeff Jordan, General Partner at Andreessen Horowitz and former Disney Store executive, shares sales distribution data to highlight retail's extreme Q4 holiday dependence.
Assertion Not checkable as stated
Jordan: Fewer than five U.S. e-commerce companies hit $1B and stay profitable
“So, you know, one of the big secrets in e-commerce is virtually no companies get big and make money in the United States on e-commerce. I can name five e-commerce companies in the U.S. After two decades of investing and God knows how many tens of billions of d…”
Opinion
Jordan: Merrill Lynch was not a top-tier tech bank in 2009
“All due respect to Merrill at the time, they were, you know, they were not the top of the pyramid in terms of tech bankers, so we, because we were the only IPO, we had every bank wanted to do it.”
Opinion
Jordan: The best outcome for USPS is privatization by Amazon or UPS
“USPS is, you know, been having, you know, been running a massive loss for many, many, many years. I mean, for me, the best outcome is either one of two people buys it and basically privatizes it, UPS or Amazon.”
Opinion
Google Drains Retail Profit Margins Through Dual-Funnel Advertising Spend
“A lot of people think Google massively overcharges. They're taking all the margin out of the product because of this. The marketers, brands are spending at the top. Retailers are spending at the bottom. Margins is disappearing into the coffers of these compani…”
Opinion
Craigslist founders operate like communists rather than maximizing business value
“They're somewhere between social activists and communists and they have not run their business in a value-maximizing way.”
Assertion Not checkable as stated
Jordan: Growth-challenged DTC brands are turning to offline retail
“All the companies that are getting challenged, growing, continuing to grow DTC sales are turning to offline retail in different forms. Every company I've worked with is trying to do that because incremental sales.”