What it is: Marc Lore, the former CEO of Quidsi, has been working on a mysterious e-commerce startup that wants to take on Amazon. This year, Jet.com launched in beta, backed by investors including Chinese e-commerce giant Alibaba, for 10,000 "insiders." The site promises to offer prices that are 10%-to-15% lower than anywhere else, including Amazon. Jet initially asked users to pay a $50 membership fee, but dropped the fee in October.
Funding: $225 million from David Spector, Primary Venture Partners, MentorTech Ventures, Bain Capital Ventures, Accel Partners, New Enterprise Associates, Silicon Valley Bank, Western Technology Investment, Citi Ventures, Thrive Capital, Temasek Holdings, Norwest Venture Partners, Google Ventures, Goldman Sachs, General Catalyst Partners, Coatue Management, Alibaba
Website: https://jet.com/