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Zev Siegl was born on December 28, 1942, in Detroit, Michigan to a Jewish family. His father, Henry Siegl (1911–1997), was a concert violinist who, starting in 1956, was the concertmaster of the Seattle Symphony Orchestra for 26 years. Siegl grew up in New York before moving to Seattle in 1956.
- How Did It Turn from An Idea Into An Actual Business?
- What Was The Biggest Challenge You Faced in The Early days?
- Did You Always Plan to Create A Global Chain?
- You Left Starbucks After 10 years. Do You Regret That Decision?
- What Are You Most Proud of?
- What Do You Think of Starbucks Today?
We did what all smart entrepreneurs do – research. My attitude is that all ideas are good ideas until you find out why they’re not, and in this case we never found a roadblock. Then as we researched, something magical happened. We discovered a fellow in San Francisco named Alfred Peet, and he had something we didn’t have – an enormous background in...
Financial planning. It happened in the second year when we had the opportunity to open a separate roasting plant in an industrial facility in Seattle. So we went ahead and did it, and then we opened a second and third store. We made the classic mistake of entrepreneurs – carpe diem – and forgot to do the calculations and ran out of money. We were s...
We weren’t as calculating as that. The world of entrepreneurship didn’t exist like it does today. We didn’t know people who were starting companies. We thought we’d start a company that would roast coffee and have a couple of stores. Instead, the company dominated the Seattle coffee market within the first few years and we had six stores and 300 re...
No, by that time we had grown to six stores and had hundreds of wholesale customers. Things were going well, but I was a startup guy. I remember approaching the other partners and saying, “Look, I’ve got a really good idea”, and them saying, “Great idea but we need to focus on the core business.” I walked away with a handsome buyout. I started othe...
Not having ceased to be a student. I’m still curious and I think my openness to new ideas and strong interest in people and how they function has enabled me to help a lot of people. Last week, one of my clients whom I coach voluntarily obtained a bank loan after working on it for six months. A paid client in California is about to close an equity o...
I admire what Starbucks has become. I think it’s fascinating that I can go into one of its stores in Kuwait City, which I have done, and have the barista enthusiastically telling you about the virtue of a particular coffee. There are still similarities in today’s Starbucks to the one that we created, such as quality first. It still puts an enormous...
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Jun 19, 2021 · When Disney World opened on Oct. 1, 1971, tickets for adults were just $3.50. Here, William Windsor Jr. carries his son Lee, past Cinderella's castle on opening day.
The first Starbucks to sell brewed coffee opened in 1982. Howard Schultz (b. 1953) was hired later that year, and at his urging Starbucks opened its first espresso bar in 1984. In 1987 Baldwin and Bowker (Siegl had sold his shares in 1980) sold Starbucks to a group of investors led by Schultz. The Three Founders.
Oct 9, 2015 · Zev Siegl was one of the co-founders of this well-loved brand. Although he left Starbucks in 1980 after a decade of service, Siegl continues to be a relevant force that champions the vital role small and medium-sized enterprises (SMEs) play in the economy. When asked about the roles SMEs play in emerging economies, he explained that, in many ...
Nov 27, 2017 · Zev Siegl If it wasn’t for a particularly bad cup of coffee in 1970, the founders of Starbucks might not have added it to their list of entrepreneurial ideas as they brainstormed new careers.
Aug 24, 2012 · But in the 31 years since founding Starbucks — later sold to now-CEO Howard Schultz in 1987 — Siegl’s traveled down the ever-unsteady path of startups, loving (and learning to love) every ...
