Jet is a new retail commerce site planning to compete with Amazon but a Costco-like customer value prop: 10-15% cheaper prices with a membership fee. They recently raised over $55 million in investment.
Bloomberg recently did an article on the company that explained: "Jet plans to open for business on a “friends-and-family” basis in January and will start limited sign-ups on Feb. 20. Customers will find just about everything, from clothes, books, and electronics to baby goods and athletic gear. After a 90-day free trial period, Jet customers will be asked to pay $49.99 a year for access to what Lore claims will be prices that are 10 percent to 15 percent lower than anywhere else online. Like Costco, Jet plans to make money on membership fees. Every other savings will be passed along to the buyer."
They are offering a free 6 month membership offer until February 6th, along with a chance to earn stock options. You can get details on that here:
https://jet.com/#/ji/cjy05