Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round
1–10 of 84 posts
Re: Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round
#2Jet.com doesn't seem to understand that Amazon can take losses in retail because they have margin from other sources--like AWS--as well as an overall ecosystem. And now, Amazon shows quarterly profits. They can go even deeper with discounts in retail.
Jet is just not going to win by simply undercutting Amazon as a pure retail play. They're just adding to the already exorbitant burn rate generated by their marketing team.
Unless there's something yet-to-be-publicized about their model, participants in this round are just adding their cash to the bonfire.
Re: Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round
#3Jet is starting to look like yet-another-startup run by a rich guy who thinks throwing exhorbent amounts of money at a problem solves everything
Re: Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round
#4Arg paywall! Clicking through from this link goes under it to full story: http://www.techmeme.com/151104/p16#a151104p16
Re: Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round
#5Also, where are they spending this much on marketing, they've got almost no marketing presence imo?
Re: Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round
#6Without any paywall - http://pastebin.com/17fwFaut
Re: Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round
#7I honestly want a list of Jet.com's newest investors so I can remember to never do business with them. This is the most obvious tire fire of an investment I've ever seen in my life (I missed seeing the late 90s dot-com bubble in person).
The brand is completely irrelevant, they only have sales because they're losing money on each unit, they're losing $50 million per month and plan to keep losing that much ... what exactly is supposed to be good about this model/company?
Re: Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round
#8I had never heard of them until now. I don't think this is going to have a happy ending.
Re: Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round
#9Jet.com doesn't seem to understand that Amazon can take losses in retail because they have margin from other sources--like AWS--as well as an overall ecosystem. And now, Amazon shows quarterly profits. They can go even deeper with discounts in retail. Jet is just not going to win by simply undercutting Amazon as a pure retail play. They're just adding to the already exorbitant burn rate generated by their marketing t…
I don't generally disagree with your comment, but I don't think Amazon had other sources in its earlier days (at least not AWS).
Re: Facing Cash Crunch, Retailer Jet.com Racing to Complete Funding Round
#10I honestly want a list of Jet.com's newest investors so I can remember to never do business with them. This is the most obvious tire fire of an investment I've ever seen in my life (I missed seeing the late 90s dot-com bubble in person). The brand is completely irrelevant, they only have sales because they're losing money on each unit, they're losing $50 million per month and plan to keep losing that much ... what ex…
https://www.crunchbase.com/organization/jet/investors
There's some pretty big guys in there.