4 ms·

I really like Jet's tech stack. I have shopped on jet.com for a while. Online retail still is not the biggest percentage of the total retail. Jet is in no shape

by sremani 11y ago

I really like Jet's tech stack. I have shopped on jet.com for a while. Online retail still is not the biggest percentage of the total retail. Jet is in no shape or form dethroning AMZN. My guess would be they would like to be the obvious #2 in this space, Bing of Retail if you will and over a period as the share of Online retail increases in the over all pie, they get to have good valuation.

CodeWriter23 11y ago
One thing Jet has to its advantage in trying to dethrone Amazon: They figured out how to defeat Amazon's Most-Favored Nation (MFN) clause, which requires sellers to NOT offer their products for lower prices on other venues. It works like this: Jet buys the product from the merchant at the MFN price, then sells it to the customer for whatever price Jet chooses. Yes, the price could be higher, but probably will be lower than the merchant's (and therefore, Amazon's) price. They do this by sacrificing part of their commission the merchant pays Jet, and giving it to the customer instead. They even have ways for the merchant to choose the same thing, for example, if the customer opts out of free returns, the merchant can pass a percentage along to the customer. Amazon can't get upset about that, because even though their MFN clause requires promotions to be consistent across platforms, there is a loophole in the case of Amazon tech stack not supporting the type of promotion being offered. Amazon has no way to rebate the customer for opting out of a free return. Jet will deliver on its promise of lower cost shopping. Whether that substantially helps them unseat Amazon remains to be seen.
- Scoundreller 11y ago
  > They figured out how to defeat Amazon's Most-Favored Nation (MFN) clause, which requires sellers to NOT offer their products for lower prices on other venues. Is that why some vendors won't let you see prices until you add it to your cart?
  - dangrossman 11y ago
    That's due to "Minimum Advertised Price" agreements with various manufacturers, not an Amazon-specific thing. Amazon has to do the same "add to cart to see price" thing when it's selling something for less than the MAP.
seattle_spring 11y ago
I'm curious what about their tech stack you like? I don't know much about it, other than pages are incredibly slow to load on both desktop and mobile, their checkout process is slow and buggy, and their customer service tools are wholly lacking.
- icebraining 11y ago
  The backend is a flashy real-time stream of billions of updates written in F# and running on Azure: http://hanselminutes.com/494/jetcom-scales-with-azure-f-and-more-with-rachel-reese http://hanselminutes.com/494/jetcom-scales-with-azure-f-and-... The frontend is Node.js and Angular, according to their job postings: http://careers.stackoverflow.com/jobs/102502/front-end-developer-jetcom http://careers.stackoverflow.com/jobs/102502/front-end-devel...

by sremani 11y ago

CodeWriter23 11y ago

One thing Jet has to its advantage in trying to dethrone Amazon: They figured out how to defeat Amazon's Most-Favored Nation (MFN) clause, which requires sellers to NOT offer their products for lower prices on other venues. It works like this: Jet buys the product from the merchant at the MFN price, then sells it to the customer for whatever price Jet chooses. Yes, the price could be higher, but probably will be lower than the merchant's (and therefore, Amazon's) price. They do this by sacrificing part of their commission the merchant pays Jet, and giving it to the customer instead. They even have ways for the merchant to choose the same thing, for example, if the customer opts out of free returns, the merchant can pass a percentage along to the customer. Amazon can't get upset about that, because even though their MFN clause requires promotions to be consistent across platforms, there is a loophole in the case of Amazon tech stack not supporting the type of promotion being offered. Amazon has no way to rebate the customer for opting out of a free return. Jet will deliver on its promise of lower cost shopping. Whether that substantially helps them unseat Amazon remains to be seen.

Scoundreller 11y ago
> They figured out how to defeat Amazon's Most-Favored Nation (MFN) clause, which requires sellers to NOT offer their products for lower prices on other venues. Is that why some vendors won't let you see prices until you add it to your cart?
- dangrossman 11y ago
  That's due to "Minimum Advertised Price" agreements with various manufacturers, not an Amazon-specific thing. Amazon has to do the same "add to cart to see price" thing when it's selling something for less than the MAP.

seattle_spring 11y ago

I'm curious what about their tech stack you like? I don't know much about it, other than pages are incredibly slow to load on both desktop and mobile, their checkout process is slow and buggy, and their customer service tools are wholly lacking.

icebraining 11y ago
The backend is a flashy real-time stream of billions of updates written in F# and running on Azure: http://hanselminutes.com/494/jetcom-scales-with-azure-f-and-more-with-rachel-reese http://hanselminutes.com/494/jetcom-scales-with-azure-f-and-... The frontend is Node.js and Angular, according to their job postings: http://careers.stackoverflow.com/jobs/102502/front-end-developer-jetcom http://careers.stackoverflow.com/jobs/102502/front-end-devel...