Gordon Segal

9 statements across 2 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Feb 20, 2017 by Gordon Segal · said 2 times in 2 episodes since 2020 · across every show →

On the record as a speaker too: Gordon Segal's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Kip Tindell (1), Guy Raz (1)

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Everything said about Gordon Segal, oldest first

Feb 20, 2017
Disclosure
Gordon Segal failed to sell 50% of Crate & Barrel for $10,000
“And I spent six months running around to everyone I knew who had any wealth and offering them half the business for 10,000 dollars. There was no such thing as venture capital in those days. There was no such things as startups in those days. Yeah. And I litera…”
Gordon Segal Feb 20, 2017 ▶ 5:50 Crate & Barrel: Gordon Segal
Feb 20, 2017 positive
Insight
Segal: Direct European importing enables significantly lower retail pricing for unique goods
“Obviously, the motivation of going into business was to find beautiful things for other young people, but if we could buy things from Europe directly and just mark them up normally as if you bought them domestically, not take a big margin, but take a short mar…”
Gordon Segal Feb 20, 2017 ▶ 3:56 Crate & Barrel: Gordon Segal
Feb 20, 2017 positive
Insight
Segal: Youth and lack of wisdom are great advantages for entrepreneurs
“I mean, the value of being very young is you have a lot of energy and passion and no wisdom. And so being that young was a great advantage, and we had no children.”
Gordon Segal Feb 20, 2017 ▶ 8:03 Crate & Barrel: Gordon Segal
Nov 18, 2019
Assertion Not checkable as stated
Segal offered half of Crate & Barrel for $10,000 before opening
“I spent six months running around to everyone I knew who had any wealth and offering them half the business for 10,000 dollars.”
Gordon Segal Nov 18, 2019 ▶ 6:16 Crate & Barrel: Gordon Segal (2017)
Nov 18, 2019 positive
Insight
Segal: Youth and lack of wisdom are advantages in entrepreneurship
“The value of being very young is you have a lot of energy and passion and no wisdom. And so being that young was a great advantage”
Gordon Segal Nov 18, 2019 ▶ 8:29 Crate & Barrel: Gordon Segal (2017)
Nov 18, 2019
Assertion Supported
Crate & Barrel generates about $1.2 billion annually with 7,000 employees
“It's about 1.2 billion a year. And we went from one employee and out of 7000.”
Gordon Segal Nov 18, 2019 ▶ 23:37 Crate & Barrel: Gordon Segal (2017)
Nov 18, 2019 positive
Insight
Crate & Barrel's core thesis: direct European sourcing with standard domestic markups
“Obviously, the motivation of going into business was to find beautiful things for other young people, but if we could buy things from Europe directly, and just mark them up normally as if you bought them domestically, not take a big margin, but take a short ma…”
Gordon Segal Nov 18, 2019 ▶ 4:22 Crate & Barrel: Gordon Segal (2017)
Nov 18, 2019
Assertion Not checkable as stated
Segal's father provided a $7,000 loan to launch Crate & Barrel
“The only person who gave us the money was my father, who lent us 7000 dollars.”
Gordon Segal Nov 18, 2019 ▶ 6:39 Crate & Barrel: Gordon Segal (2017)
Nov 18, 2019 neutral
Assertion Not checkable as stated
Segal: Crate & Barrel accidentally sold half its early inventory at cost
“And we had ended up, because we didn't know how to price merchandise, about half the product we sold at cost.”
Gordon Segal Nov 18, 2019 ▶ 10:58 Crate & Barrel: Gordon Segal (2017)
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