Top Tip; you can get through the WSJ paywall by googling the url after the domain and going to the top link: https://www.google.com/?q=wal-mart-in-talks-to-buy-web-retai...
Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
31–40 of 196 posts
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#32Jet.com was founded in 2014. How did they get enough traction to be viable when there are so many other online retailers like Amazon, and all the other brick and mortar retailers that also have large online presence.
They raise about $820 million and just spent virtually all of it, outside of operating expenses on marketing. For almost a year, they were advertising everywhere before they had even launched. If i am not mistaken, i think they were boasting of the highest number of pre-launch signups for any company. So that already gave them a huge valuation and potential traction.
They eventually launched, with a mixed reception, but they had enough numbers to keep them relevant.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#33Jet.com was founded in 2014. How did they get enough traction to be viable when there are so many other online retailers like Amazon, and all the other brick and mortar retailers that also have large online presence.
I think they've been spending a lot of money getting new users. They've been offering new accounts discounts, I think you can get 15% to 20% off right now. They've had a bunch of items show up on some discount shopping forums like slickdeals. I think they've lost money on some purchases.
Just got a flyer in the mail offering $10 off my next 3 purchases. That's not cheap.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#34This would make Wal-mart the biggest production Azure user in terms of actual traffic. That'd be a killer position for Microsoft to be in.
very similar to what spotify is for the google cloud
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#35Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#36Jet.com was founded in 2014. How did they get enough traction to be viable when there are so many other online retailers like Amazon, and all the other brick and mortar retailers that also have large online presence.
The founder has a lot of ecommerce experience. Sold diapers.com for ~600 mill to amazon and had other similar ventures
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#37This would make Wal-mart the biggest production Azure user in terms of actual traffic. That'd be a killer position for Microsoft to be in.
> That'd be a killer position for Microsoft to be in. What do you mean by this? I don't deal with things of that scale, but I would imagine it would put Wal-Mart in a very good position to negotiate down near at-cost. It could be good for Microsoft on the PR front against Amazon, but bad for profit margins (on this one account).
Depends. Netflix doesn't get any kind of sweetheart deal with AWS. As far as I'm aware the prices they pay are exactly the same as what any other high volume customer would pay.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#38When the article says Wal-Mart is closing stores, how does it count when they close a normal store and open a super store? Also, at this point I feel safer buying cables and chargers from Wal-Mart. I now worry about any retailer doing fulfillment for other sellers.
Unfortunately Walmart.com is now selling stuff from third party sellers.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#39Earlier quoted context omitted.
$500M invested, previous valuation ~$1B, so a "3x" exit.
It looks like the $1B figure is a pre-money valuation for the $500M raised.[0] If so, that results in a 2x exit for those investors.[1] This assumes those investors don't have rights that would entitle them to more than their pro rata of the acquisition proceeds, such as special liquidation preference rights that would entitle them to more than a 1x liquidation preference. It's these kinds of special liquidation pref…
According to pitchbook, Jet raised their latest round of $350M ($565M total) at a $1.05B pre and a $1.4B post.
Re: Wal-Mart in Talks to Buy Web Retailer Jet.com for $3B
#40Earlier quoted context omitted.
I think they've been spending a lot of money getting new users. They've been offering new accounts discounts, I think you can get 15% to 20% off right now. They've had a bunch of items show up on some discount shopping forums like slickdeals. I think they've lost money on some purchases.
Just got a flyer in the mail offering $10 off my next 3 purchases. That's not cheap.
Yeah, I even remember a rumor going around that they were dropshipping for some items. If something was out of stock they would get it from newegg or amazon and send it to you.