[powera]

I 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?

[brk]

Many of the same things were said about Amazon back in the 90's. I was sure they were going to go down in flames when they moved from selling just books to selling everything...

Though to be honest, I don't think Jet is the next Amazon.

[sixQuarks]

No, I remember Amazon well in its early days and it was nothing like Jet. Kozmo is a better comparison

[TillE]

Amazon was a pretty successful bookstore, and then they acquired CDNow and became a pretty successful music shop as well. They weren't selling things for crazy low prices, they were just convenient and had a huge catalog.

By the time they moved to selling everything, it seemed like a stable business.

[dragonwriter]

> Amazon was a pretty successful bookstore, and then they acquired CDNow and became a pretty successful music shop as well. They weren't selling things for crazy low prices

Yes, they were. They built their customer base from day one on extremely deep discounts; that was always their big selling point.

[bramgg]

https://www.crunchbase.com/organization/jet/investors

There's some pretty big guys in there.

[powera]

Well, investing initially could just be risk-taking. Investing now seems like pure madness.