Marc Eric Lore (/ˈlɔːri/ LOR-ee; born May 16, 1971) is an American entrepreneur,[1] businessman, investor,[2] and NBA owner.
[6] Prior to Jet, Lore was the CEO and co-founder of Quidsi, the parent company of a family of websites, including Diapers.com.
[7] Lore was named regional Entrepreneur of the Year by Ernst & Young in 2011,[8] one of the "smartest people in technology" by Fortune,[9] and dubbed the LeBron James of e-commerce by Matt Higgins.
[10] After stepping down from Walmart, Recode reported that Lore's next venture will be "a multi-decade project to build 'a city of the future' supported by 'a reformed version of capitalism'",[11] announced in September 2021 as Telosa.
[16] Lore's father started a computer consulting company, Chadmarc Systems, named after his two sons.
In high school he and his close friend, and later business partner, Vinit Bharara used to sneak down to Atlantic City and card count at the casinos.
[20] After starting his banking career, Lore enrolled in Columbia University but dropped out before completing his master of statistics degree.
Today an estimated 50,000 people have earned the certification while the Global Association of Risk Professionals (GARP) has over 150,000 members from 195 countries.
[25] In 1999, Lore co-founded The Pit, Inc., an Internet market-making collectible company constructed as an alternative to eBay.
[35] In February 2015 Jet raised $140 million in pre-launch funding from investors including Bain Capital Ventures, Accel Partners, Alibaba Group, New Enterprise Associates, and others.
'"[47] Lore is the lead investor in Archer Aviation, an electric vertical take-off and landing (eVTOL) company focused on "advancing the benefits of sustainable air mobility.
[50] On July 21, 2021, Lore, Alex Rodriguez, and Dave Portnoy were named as investors of online brokerage firm, Tornado.
[52] The deal became official on July 21, 2021, as the NBA approved Alex Rodriguez and Lore's purchase of the Minnesota Timberwolves.
[54] In 2025, an arbitration panel decided in favor of Lore and Rodriguez, and final transfer awaits approval by the NBA Board of Governors.
[56] The project's planners intend for the city to be built on desert land, with Utah, Idaho, Nevada, Arizona, Texas, and Appalachia proposed as potential locations.
[57] The proposed land ownership in the city is inspired by Georgist principles, as advocated by political economist Henry George in his 1879 book Progress and Poverty.
[59][60] Wonder calls itself a "modern food court," with brick-and-mortar storefronts in Manhattan, Brooklyn, and multiple towns in New Jersey, as well as an outlet in a Walmart in Pennsylvania.
[61] In December 2021, CNBC reporting on Lore's involvement in Wonder, wrote: "Whether Americans are looking to order a quick bite from a local fast-food chain, or they want to feel like they’re eating at a five-star restaurant from the comfort of the living room, Marc Lore wants to redefine at-home dining.
[65] In 2019, actress and entrepreneur Gwyneth Paltrow called Lore a mentor and business coach, stating: "He's an e-commerce wizard and so he is probably the person I reach out to most for specific questions.
"[66] He was named regional Entrepreneur of the Year by Ernst & Young in 2011,[8] one of the "smartest people in technology" by Fortune magazine,[9] and in 2020 was dubbed "the LeBron James of e-commerce" by businessman Matt Higgins.
[68] In September 2020, it was reported that Lore was working alongside Jennifer Lopez and Alex Rodriguez in a bid to buy the New York Mets.