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A comment on Jet.com raises $500M from Fidelity at $1B pre.

Re:Jet.com raises $500M from Fidelity at $1B pre by driverdan on Wednesday November 04, 2015 @12:33PM (#10508121)
I'm curious what they did for due diligence. There are a lot of complaints about how Jet works (or doesn't), how scammy sellers are doing bait and switch, and how customer support isn't helpful. Their reputation isn't very good. I know I won't order from them until they add seller transparency and better support.
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Re:Jet.com raises $500M from Fidelity at $1B pre by pravda on Wednesday November 04, 2015 @12:48PM (#10508238)
I love Jet.com

Great prices, at least after their recent 20% discount. Got (5 cases!) cat food for less then it would cost locally and it gets delivered right to the door!

I can't imagine they made any money off me. I might even be a 'loss leader'.

If $500M from Fidelity keeps the ship floating for a while, God bless them!

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Re:Jet.com raises $500M from Fidelity at $1B pre by rebeccaskinner on Wednesday November 04, 2015 @12:54PM (#10508278)
I thought the entire point was that you were paying as close to cost as possible and they made their money off subscription fees?
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Re:Jet.com raises $500M from Fidelity at $1B pre by mikenyc on Wednesday November 04, 2015 @12:57PM (#10508306)
That was hurting their growth so they dropped the fee. http://fortune.com/2015/10/07/online-shopping-jet-com/
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Re:Jet.com raises $500M from Fidelity at $1B pre by wmeredith on Wednesday November 04, 2015 @01:04PM (#10508354)
Making money was hurting their growth, so they stopped. Ah, the ol' Amazon model.
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Re:Jet.com raises $500M from Fidelity at $1B pre by arbuge on Wednesday November 04, 2015 @01:13PM (#10508408)
That describes alot of companies besides Amazon if you insert "for a while" after "stopped".
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Re:Jet.com raises $500M from Fidelity at $1B pre by samstave on Wednesday November 04, 2015 @03:40PM (#10509530)
Pets.com 3.0
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