Evidence receipt / preference
Published · transcript-backedDavid Rosenthal: preference
29 Aug 2016 Acquired Jet
“It’s wealthy individuals, upper middle class, people who actually care. They care about price but they also care a lot about convenience and selection – Amazon’s holy trinity, which we will come back to.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- preference
- Recorded
- 29 Aug 2016
- Publisher
- Acquired
- Episode
- Jet
Transcript context
…Wow. We talk about Amazon all the time on the show and we praise them for their incredible long-term thinking. Yeah, I don't think of Amazon as an environment of short-term thinking, but we’ll get to that. So he starts Jet in the summer of 2014. The vision, the idea that he has is that Amazon obviously is very, very good at what it does. But Amazon’s core customer is not your average American. It’s wealthy individuals, upper middle class, people who actually care. They care about price but they also care a lot about convenience and selection – Amazon’s holy trinity, which we will come back to. And he thinks there’s an opportunity to compete directly with Amazon and to compete on price to be the low priced discount retailer on the internet. The model that he has for that is Costco. Another great Seattle company.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.