Why are people so obsessed with Pets.com? We shut it down and returned money to shareholders. Besides, there were plenty of other dot-com failures around then. Julie Wainwright Read Quote
I’m happy to buy something that was previously owned, as long as I can get it conveniently. Julie Wainwright Read Quote
You really need a unique selling proposition, and people need to care about that unique selling proposition. Julie Wainwright Read Quote
When I started in e-commerce, there was not a lot of clutter because there were not a lot of companies. Nowadays, you have to have a pretty serious moat around your business to compete with Amazon, Wal-Mart, and even Alibaba online. Julie Wainwright Read Quote
Amazon has reported a loss of nearly $900M in 1999… because, guess what, ecommerce is a business of scale. And, the Internet bubble had burst… which meant that no one was getting funded. Julie Wainwright Read Quote
When I turned 50, I truly felt I was too old to work in Silicon Valley. No one said anything to my face, but when you can be the mother of some of the people you’re interviewing with, that says it all. Julie Wainwright Read Quote
You have to have a unique product that Amazon just can’t source. It’s all about the product. Why is it important? Why is it different? Amazon are not merchants. They are technology platform guys. Julie Wainwright Read Quote
I said the only way I would join Pets.com was if I could get Amazon to invest, and I did. I knew that anything that could be sourced externally, Amazon could do better and cheaper than anyone else except Walmart. It was really obvious to me. Julie Wainwright Read Quote
Whenever people think of the dot-com collapse, they think of a handful of companies that epitomized the era, and Pets.com… is always up there, right? Julie Wainwright Read Quote
Do not wallow in your failure. Spend some time grieving, learn from it, and then move on. Constantly replaying what went wrong will not benefit you. Get involved in another company, another cause, another relationship. Julie Wainwright Read Quote
