2min chapter

How I Built This with Guy Raz cover image

Crate & Barrel: Gordon Segal (2017)

How I Built This with Guy Raz

CHAPTER

How Did You Guys Start to Expand Without Any Outside Investors?

We never had outside investors until the, you know, many years later. So how ware you bes able to expand without any outside money? Well, we basically, in those days, you'd go to a bank and you'd borrow money. I remember e first loan was ten thousand dollars. The second loan was 25 thousand dollars. When we opened the store in 65, through 68, we still had only one store,. We were doing 500 thousand dollars, which, like to day, is like a little store doing two million dollarsyet it was profitable by them.

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