Marc Lore
Founder, Chairman & CEO, Wonder Group. On 3 shows, 6 appearances. The Shows tab opens the full record on each.
founderexecutiveinvestor@MarcLore ↗LinkedIn ↗wonder.com ↗Wikipedia ↗
Marc Lore co-founded Quidsi, the parent company of Diapers.com, and Jet.com, leading Walmart U.S. eCommerce as President and CEO from 2016 to 2021. He currently serves as the Founder, Chairman, and CEO of Wonder Group and co-owns the Minnesota Timberwolves and Lynx.
3shows
6appearances
104statements
14resolved
8supported
2contradicted
57%fully supported
84said about them ↓ Everything Marc Lore said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Lore: Social and conversational commerce are retail's biggest untapped opportunities
“I think the two big areas still left untapped in retail are social commerce and conversational commerce.”
Marc Lore signs deal to buy the Minnesota Timberwolves
“Yeah, we actually, it went through, so we signed the agreement, so yeah. We're just going through the NBA approval process now and then hope to close, like, probably in like six weeks.”
Marc Lore: Micromanaging without domain experience gets leaders into trouble
“I think if you try and, you know, micromanage and make decisions when you don't have the experience, that's where you get in trouble.”
Marc Lore screens resumes upfront to focus interviews exclusively on core values
“When I interview someone, I know that they're a superstar on the resume, and so I can focus primarily on core values and their SPOTIC traits. So SPOTIC is an acronym I come up with for traits I look for in people I hire. Smart, passionate, Optimistic, tenaciou…”
Marc Lore seeded Archer Aviation with $5M before its $4B SPAC
“That's what we did. I put five in, we helped raise, you know, helped hire the engineering talent, helped them raise fifty million. And that was two years ago. And then they just raised a billion through the SPAC. And so now it's a 4000000003.7 billion market c…”
Marc Lore: Changing gambling laws enable a true sports stock market
“Now with the gambling laws changing thing, I think it's an opportunity to create a true sports stock market and do it right. Like where it really feels like you're buying and selling players like stock. By leveraging some of the changes in, in gambling laws.”
Marc Lore: Voice commerce fundamentally requires delivering one best answer
“And I think voice requires One best answer. Otherwise voice doesn't work. You can't give you a hundred things. It's voice.”
Marc Lore: Walmart's Jet Black made customers drop Amazon Prime
“Yeah, I mean, we had something called Jet Black when I was at Walmart, and we it was basically this for New York City primarily parents, and it was gangbusters. I mean, it was like, you know, people stopped using Amazon Prime. It was, they just dropped it. It'…”
Lore: Unlimited online shelf space makes subsidizing loss-leaders viable
“Online, the difference between a brick and mortar and online is online, you can sell so many more things because the unlimited shelf space. So we thought, okay, great. So let's drive people, you know, we're going to lose more money than a brick and mortar does…”
Lore: Diapers.com hit $11M in revenue with only three employees
“At eleven million in sales, it was basically just me and Vinny, and we hired another woman to, like, help us with customer care, and some of the fulfillment, but we got up to eleven million in sales with two people, three people, basically.”
Lore: Dimensional shipping makes basket-building incremental margin highly profitable
“The way shipping works is if you're shipping a box of diapers to someone and you have empty space in that box, the marginal cost to ship the next thing you put in the box is very, very small, very low. Like it might be, you put something that weighs a pound in…”
Lore qualified for the U.S. National Bobsled Team by finishing 13th
“And then at the end of the month, they had like the time trials to see who makes the U.S. National team and they were going to take 13 people and I finished 13th.”
Marc Lore invested his entire $390,000 life savings to launch The Pit
“I invested 390,000 of my own money into the company. And, you know, the investors, the angel investors said, we're not sure about this idea, but wait, I see here, Mark, you invested 390 grand. That's a lot of money. You know, you're not that old. Why 390 and w…”
Online diaper sales did not exist at normal retail prices in 2004
“It might have been 2003, 2004, somewhere around there. You could not buy diapers at a normal price. They were, like, prices were, like, jacked to ridiculous levels. It just wasn't a thing. Nobody bought them online.”
Diapers.com reached $11M in sales with only three total employees
“At eleven million in sales, it was basically just me and Vinny, and we hired another woman to, like, help us with customer care and some of the fulfillment. But we got up to eleven million in sales with two people, three people, basically.”
Lore: Wonder gives all workers starting pay over $20, benefits, and equity
“We pay people pretty well, so it's over 20 dollars an hour starting, and up from there, full health benefits, and we also give everyone stock in wonder.”
Lore: Wonder expects to partner with 30 restaurant chains by July 2023
“So by next summer, by July, we'll have 30 restaurant chains, which we believe is, is around the right number.”
Marc Lore Earned $500,000 Annually as Chief Risk Officer Before Quitting
“I was the chief risk officer for a bank. I was making a half a million bucks a year.”
Marc Lore Invested $390,000 in Life Savings to Launch First Startup
“I have 390,000 saved and putting it in. And he goes, all right, you've really lost your mind now, but you know what? You're all in. And I think you're going to make this work. So can I put 50 grand in as your first investor? And he did.”
Marc Lore: Jet.com was a bigger financial outcome than Diapers.com
“I think, no, Jet definitely. I mean, Walmart stock doubled over the last four and a half years, so that was a good one.”
Marc Lore: Early competitive drive came from seeking father's love through achievement
“My dad, you know, was not completely present, and the only way to get my dad's attention was to do something extraordinary. So it's sort of programming as a young kid, like, to associate doing big things with feeling loved, basically. I didn't realize that gro…”
Lore: The Pit raised $5M from 60 angel investors
“We raised five million dollars, all from 60 angel investors.”
The other half of the tape: Marc Lore's own voice is left out of every number here. Other people bring the name up 77 times in 23 episodes across the shows. 7 statements on the record name them. every mention, with the transcript →
Who brings them up most Andy Dunn 20Sam Parr 18Christina Carbonell 9Harry Stebbings 7Ted Wang 6Guy Raz 4Davis Smith 4Shaan Puri 3
Statements about Marc Lore, by other people (7)
Alex Rodriguez: Eliminate mid-tier candidates immediately to avoid being tricked
“The tens and the fives are easy to recognize. The tens, you know, jump out of the page, and the fives are people you're probably not going to hire. The challenge is when you have the six and the sevens, and the six and the sevens have the gift of gab, and are …”
Marc Lore is the best entrepreneur on the East Coast
“Was Mark Laurie, who I think is the best entrepreneur on the East Coast.”
Parr: Marc Lore identified sizing returns as Walmart.com's top cost
“He said, he goes, the number one problem, the number one cost that our company has at wall, you know, walmart.com, the third or fourth or second most popular e-com website in the world. The number one thing is returns due to bad sizes.”
A Jet.com contest winner turned an $18K ad spend into $20M
“With, when Jet was growing or early on with Jet, they had a contest. I don't know if you've seen this article, but they had a contest about who can acquire the most customers for Jet. You become a marketer, you go spread the word, whoever, whoever does, whoeve…”
Dunn: Marc Lore is probably the East Coast's best e-commerce entrepreneur
“So probably the best third-party e-commerce entrepreneur on the East Coast.”
Marc Lore launched Diapers.com with a 30-page narrative business plan
“The business plan itself was, it was like a thirty-page narrative, and I'd never seen anything like it. It was so well thought out. It was insanely ambitious.”
Every mention by year
tap a year for its mentions
How I Built This 38
My First Million 23
20VC 16
2025 1 mention in 1 episode
2024 13 mentions in 1 episode
2023 11 mentions in 4 episodes 3 per episode
- Alex Rodriguez: From MVP to CEO; Business Lessons from Warren Buffett & Magic Johnson | E1010 · 20VC with Harry Stebbings
- Davis Smith: From Selling $6M of Pool Tables to Scaling Cotopaxi to $150M in Revenues | E1095 · 20VC with Harry Stebbings
- CEO Lessons: Bulls**t Mission Statements, Firing People & Saying ‘NO' (#505)
- This $3B Founder Is The Next Elon Musk (#499)
- every mention in 2023, scene by scene →
2022 15 mentions in 5 episodes 3 per episode
2021 18 mentions in 8 episodes 2 per episode
- Why You Shouldn't Be A Slave to a 40 Hour Work Week | My First Million #212
- Dave Portnoy vs The World, Extreme Body Monitoring, "How Much is Pomp Worth?", and More
- Why Today Is the Day to Ask For a Raise | My First Million #216
- How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, QVC for Mobile, and More
- Making Millions Improving Mobility & How to Beat LinkedIn | My First Million #184
- How to Have an Early Adopter Mindset, ConstitutionDAO, Optimizing Twitter Bios, and More
- How a $25 Million a Year Sweepstakes Business Works | My First Million #193
- How Vending Machines are Generating Millions & The Next Big Social App | My First Million #187
- every mention in 2021, scene by scene →
2020 4 mentions in 1 episode
2019 8 mentions in 1 episode
2018 7 mentions in 2 episodes 4 per episode
- 20VC: A Framework For Approaching Risk and How It Affects Portfolio Construction | Lessons and Advice From Working with Dropbox's Drew Houston | Why Being A Learning Animal Is The Most Important Factor For Success with Ted Wang, Partner @ Cowboy Ventures
- 20VC: Why Brands Can Have The Same Revenue Multiples As Enterprise Companies & The Right Way To Think About Amazon In Today's World of Commerce with Eurie Kim, General Partner @ Forerunner Ventures
- every mention in 2018, scene by scene →
One line per show, most statements first. The link opens Marc's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| HOW I BUILT THISLEDGER | Founder, Chairman & CEO, Wonder Group | 4 | 58 | 55% 6/11 | full record on How I Built This → |
| 20VCLEDGER | Founder, Chairman & CEO, Wonder Group | 1 | 24 | 0% 0/1 | full record on 20VC → |
| MY FIRST MILLIONLEDGER | Founder, Chairman & CEO, Wonder Group | 1 | 22 | 100% 2/2 | full record on My First Million → |