Though it isn’t scheduled to launch until this spring, ecommerce startup Jet.com just raised $140 million at a valuation of $600 million, The Wall Street Joural reports. “Very few
e-commerce startups, if any, have ever been valued at such heights ahead of a launch,” it marvels. Investors, it appears, “are banking on the pedigree of Jet founder and CEO Marc Lore, who
sold his former company, Diapers.com parent Quidsi, to Amazon.com for about $550 million in 2010.”
Read the whole story at The Wall Street Journal »
