Diapers.com & Jet.com: Marc Lore
Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
In the early days, believe it or not, we'd actually go to the wholesale clubs. So BJ's, Sam's Club. And we would Buy the diapers. And you were just paying full price for these diapers? Full price, no discount.
Then you gotta mark it up on the website. So why would somebody buy them from you on the website? We didn't mark'em up. You didn't mark them up? No, we just lost more money. So you were basically losing money to make it more convenient for people to get diapers. As one investor liked to say Let me get this straight. So
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