Founder of Diapers.com Buys Jet.com From Chernoff, Backed By $55 Million To Take On Amazon

by

Screen Shot 2014-07-29 at 1.08.18 PM

 

 

 

 

 

 

Recode.net, just published a post entitled “The CEO Who Sold Diapers.com to Amazon Raises $55 Million to Challenge Amazon Again”

Marc Lore, the former CEO and founder of Diapers.com, which the parent company Quidsi, was sold to Amazon in 2011 for $550 million, has raised $55 million to build out a new e-commerce company called Jet.com

“The deal values Jet at well more than $100 million” according to the story

Jet plans to operate out of Hoboken, N.J., and is expected to launch in 2015.

Jet.com was owned by the legendary domain investor Garry Chernoff when it was acquired in  January 2014 by Mr. Lore and company.

Jet.com has been owned by Mr.Chernoff since at least 2004 according to DomainTools.com

 

 

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. Michael Cyger says

    Trademark filed for “Jet” with the USPTO on July 15, 2014:
    http://www.trademark247.com/jet-86337401-1.html

    “e-commerce software to allow users to perform electronic business transactions via a global computer network; computer application software for mobile phones, namely, software for online retail store services featuring a wide variety of consumers goods of others…”

  2. Sunil Sheoran says

    Good News! And many congratulations to you, Garry.

    Going by sale of PrivateJet.com at $30.18 Million in Feb.2007, I wonder what Garry Chernoff may have sold it off for?