Shoplet Inc.

It was 1994: the Internet was still in its infancy and e-commerce was still a relatively new phenomenon. During this exciting time, I crystallized a vision of a better way for businesses to shop online, which inspired me to take a huge risk by leaving my highly paid position with Goldman Sachs. Through the chaos of the early web, many players emerged and crumbled; more people told me that my vision could not succeed than could. Not deterred, and believing in myself and the vision, I moved forward.

Our first office was my apartment and we were a staff of only one. Small and underfunded, it was additionally difficult recruiting the right people to join our team; I wanted my employees to be just as passionate about my vision as I was. That vision would evolve into Shoplet Inc.

Shoplet Inc. seized the opportunity to concentrate on that and create a single source environment that specializes in providing companies with the widest and largest selection of business & office products.

At the time of our original incarnation, we offered everything from Electronics, and business supplies of Television and Bicyles. While our selection was vast and spanning multiple categories, some items got better traction online than others. The challenges of selling a diversity of items taught us the value of cultivating a unique online platform and offering a competitive, sustainable value proposition to our customers. When we saw that the strongest area of our business pertained to office and business supplies, we seized the opportunity to concentrate on that and create a single source environment that specializes in providing companies with the widest and largest selection of business & office products.

While finding our footing in the office and business supplies industry, we quickly realized that ordering office and business supplies was overly complicated, costly, and time consuming. Most small and medium sized businesses remained underserved and neglected, since they lacked a central ordering platform or means by which they could set budgets per cost center, set purchasing policies, or track, manage, and approve of orders. Only large organizations and Fortune 1000 companies could readily afford and justify such platforms, which, on average, cost over $750K. So, in 1997, less than three years after Shoplet Inc. debut, we introduced the beginnings of our own, free hosted, proprietary eProcurement platform, which revolutionized how our customers thought about and ordered business products. We had finally accomplished one of our biggest goals: level the playing fields and equip small and medium size businesses, which otherwise would have never been able to afford a custom procurement solution, with the power to control and streamline their purchasing processes. However, we knew that we could do more.

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