Founders: How We Invented Chipotle

Every time McDonald’s put capital in, new stock was issued. Every single year to raise this capital, the company had to be valued. There was this built-in conflict. Steve and the minority investors were very bullish about the future and felt that the valuation should be very high. McDonald's felt like Chipotle was unproven, and so it's not worth that much. These partners — McDonald's and Steve — were against each other for two months of the year. So we brought in investment bankers Cowen Group and we had them do the valuation every single year. Success was pretty apparent because both sides were a little bit unhappy.

- JACK HARTUNG, CFO of Chipotle

same-store-sales_700

My admiration for Chipotle knows no bounds (see here). I mean the company, not the stock, as I don’t really get into those types of discussions here. But my god, Chipotle the startup, Chipotle the brand, Chipotle the experience – everything about what these guys have done is so amazing, so American.

Anyway, head over to the link above to read the definitive Chipotle origin story as told by Steve Ells and all of the players involved from Day 1. It’s fascinating, inspiring and will drive your imagination wild with possibilities for your own career and business.

What's been said:

Discussions found on the web
  1. Electricity Plans commented on Nov 05

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2015/02/02/founders-how-we-invented-chipotle/ […]

  2. Intelligent Automation Solutions commented on Nov 14

    … [Trackback]

    […] There you can find 48455 additional Info to that Topic: thereformedbroker.com/2015/02/02/founders-how-we-invented-chipotle/ […]

  3. devops commented on Dec 10

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2015/02/02/founders-how-we-invented-chipotle/ […]

  4. Power to Choose commented on Dec 14

    … [Trackback]

    […] There you will find 50795 more Information to that Topic: thereformedbroker.com/2015/02/02/founders-how-we-invented-chipotle/ […]

  5. diamond paintings commented on Dec 17

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2015/02/02/founders-how-we-invented-chipotle/ […]

  6. Regression Testing commented on Dec 20

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2015/02/02/founders-how-we-invented-chipotle/ […]

  7. scotiabank sign in online banking commented on Jan 13

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2015/02/02/founders-how-we-invented-chipotle/ […]