#186 with Marc Lore - Brainstorming with Billionaire Marc Lore on What He Would Build Today and the Future of Ecommerce

**Shaan Patel** (0:00)
All right, there's this amazing book called Getting Everything You Can Out of All You've Got. I read it a few years ago and it changed my life.
And the reason I loved it was because it basically talks about how to get and make more money using things that you already have.
Coincidentally, today's podcast is brought to you by Business Made Simple. It's a podcast by Donald Miller, who I'm gonna tell you about in a second, but he has this amazing episode that's all related to this book and the things that I learned in this book. It's called How To Make Money With What You Already Have. It's an incredible episode. It talks about all the stuff that I learned in this book. The host is Donald Miller. I didn't know who Donald Miller was up until recently, but over the last 12 months, this is totally by coincidence. It was all separate people. They said, you have to check out Donald Miller. He's amazing. So I'm happy that he's part of HubSpot's Podcast Network. You can check it out, Business Made Simple Podcast. It's where he coaches you on how to build your business like an airplane, where the cockpit is your leadership, the body is your overhead, the right engine is your marketing, the left engine is your sales. You have to check it out. This guy's amazing. It's called Business Made Simple with Donald Miller.
I want to create a company and I want to sell it for a hundred million plus to Walmart or Amazon in three years.
What opportunities exist in the e-commerce world that Amazon or Walmart would buy my company because they desperately need something that I'm selling or some type of solution that I've created.

**Sam Parr** (1:20)
Would you like him to do anything else for you, Sam? The most specific question.
All right. Today we have Marc Lore on the podcast. This guy is an OG of e-commerce. He sold diapers.com to Amazon for like, I don't know, $600 million. He created jet.com and sold it to Walmart for three and a half billion dollars.
Good guy. He came on and me and Sam were pretty blown away. Like we kind of little fanboys of his right now. So we enjoyed the episode. He had a bunch of good ideas. He talked about how to go raise a bunch of money to go after a big vision. He had some ideas in healthcare. Sam asked him a great question. Like, if I wanted to start a company today that I could sell for $100 million to Amazon or Walmart, what product would you recommend I start? And he had a fantastic answer. So he had ideas at the end.
And at the beginning, he talked a little bit about his kind of approach to why he bought the Minnesota Timberwolves and how he's gonna run the team, how he builds his team, how he hires people, stuff like that. So the beginning is more philosophy, the end is ideas.

**Shaan Patel** (2:34)
And he also had a great answer. I asked him, I'm like, when you bought the basketball team, you just like send a huge wire.
Like just hearing those details are really interesting. But we do a whole long debrief at the end of this episode, which you might even find more interesting in the actual episode, because it's always fun to like discuss. Like I always find the recap to be one of the most exciting. So give it a listen.

**Sam Parr** (2:55)
Yeah, but he was great. I think you're gonna love it. And we liked him so much. We want him to come back on. One hour was not enough. And here's what we ask you to do.
Listen to the episode. If you're liking it, he said he's big on LinkedIn. So go to his LinkedIn. His name is Marc Lore. Last name is L-O-R-E.
And just go pop comment on one of his LinkedIn posts and just say, hey, if you like the episode, just tell him, love the episode.
Come back on. And I think if he gets enough messages, we will be able to bring him back on and go deeper on a bunch of ideas that we didn't get to do today. All right, here's the episode. Enjoy.
Okay, cool. So we have a guest here. Sam, do you wanna tee him up? Who is on the line?

**Shaan Patel** (3:35)
Yes, so e-commerce tycoon, successful billionaire, and as of 2017 is exceptionally jacked and balled. Marc, I have to ask you, which of these is your favorite part of Jeff Bezos?

**Sam Parr** (3:52)
Sam's been polishing that one up for the last hour of that.