Liu: The Three Early EachNet Sellers Became Weee!'s Co-Founders
Larry Liu · Weee!: Larry Liu · Mar 18, 2024 · at 9:55
Weee! founder and CEO Larry Liu recalls starting an informal secondhand reselling project in China with the classmates who later co-founded Weee!.
0:00 / 0:09exact quote · 9.9s
720p mp4 · rendered on demand · StarZero watermark
“At the time, three of us, actually all, now they are all the co-founders of We. So that was like more than 20 years ago. Three of us, we were just having fun.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Larry Liu
Liu: A winning grocery delivery app cannot exceed brick-and-mortar prices
“We believe that to become the go-to grocery shopping app, we cannot be more expensive than brick-and-mortar stores.”
Liu: Hard work and talent are baseline; ultimate scale depends on luck
“Hard work and the talents are just necessary, but how high you can go, how far you can grow, really has a lot to do with the situations you are in, what happened to you, what people you met, and you can loosely say those are all luck, or fate, or destiny.”
Liu: Automated e-commerce price arbitrage remains viable across platforms today
“You can still do that today, and you can do, like, even more, right? So now there are, like, cross-border companies. You can actually scrape those companies and list down on eBay.”
Liu: E-commerce arbitrage makes money but creates minimal fundamental value
“It's a good vehicle to probably make some money, but we fundamentally did not solve any problems or create much value.”
Liu: US group-buying was a workaround for poor grocery access, not entertainment
“The fundamental reason people were doing this was because they couldn't have easy, affordable access to the food they love. I remember that's what I felt like the fundamental problem People were trying to solve using these group bias, but it was not the right …”
Liu: Founders should pivot execution on right goals, but quit fundamentally wrong ideas
“So if it's the right thing and you are just not doing it right, you should not give up. You should try to find a way to do it right. However, if it's not the right thing, You should not try to make it better, because it's not the right thing. You should stop r…”