4 ms·
>But Marc Lore, the company’s chief executive, said in a blog post that customer response to Jet over a three-month free trial period had exceeded expectations.
by pavornyoh 11y ago
>But Marc Lore, the company’s chief executive, said in a blog post that customer response to Jet over a three-month free trial period had exceeded expectations. The average amount of items per order was twice what it expected, for instance, he said.
So if it exceeded expectations, why do away with the membership fees? And they raised more than $200 million? Just interesting.
- volaski 11y agoi guess the number of orders was less than half of what it expected haha
- pavornyoh 11y ago@Volaski, I suppose. But how did they raise that massive amount of money without a single customer? I am curious to know how much everyone employed there is making.
- AndrewKemendo 11y agoRaising money is marginally related to how many customers you have. The most important thing in raising money is the personal connections of the person raising it. In this case a "serial entrepreneur" with multiple high dollar value exits.
- pavornyoh 11y ago@AndrewKemendo, you are right with your post. Time will tell if we are wrong in this thread about jet.com.