Walmart's E-Commerce Chief Is Leaving To Build 'a City of the Future'
An anonymous reader quotes a report from Recode: Marc Lore, a serial entrepreneur who sold his startup Jet.com to Walmart for $3 billion and then oversaw the transformation of the retail giant's e-commerce business over the last four years, is leaving his full-time role with the company at the end of the month, he told Recode. His next big entrepreneurial swing will be something far afield from his current expertise: a multi-decade project to build "a city of the future" supported by "a reformed version of capitalism." "It's a new model for society we'll be testing," he teased. Lore declined to offer more details, but said he would be prepared to reveal additional information in the coming months. Some who have heard of the project say one focus will be on giving everyday citizens direct economic upside in the city's growth. "Imagine a city with the vibrancy, diversity and culture of New York City combined with the efficiency, safety and innovation of Tokyo and the sustainability, governance, and social services of Sweden," reads the vision statement for the project. "This will be our New City." "This is going to be a lifelong project," he added. "It's the thing I'm most passionate about."
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