The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Mackey: Whole Foods Reopened 30 Days Post-Flood with Free Labor and Loans
“There was a benefit held for the store, and the team members, they worked for free. Our bank loaned us money, On my signature, which was worthless. And the investors decided to kick in more cash. So we were able to reopen 30 days later.”
Mackey: Whole Foods Sold 34% of Business at $8.5M Valuation in 1988
“We sold 34% of the business for an eight and a half million dollar valuation.”
Mackey: Whole Foods holds about 1.5% to 2% of US grocery market
“I think it's about one and a half to two percent.”
Mackey Launched SaferWay With $45,000, Including $10,000 Borrowed From Father
“We thought we needed 50,000 dollars to start the store, and we can only come up with 45, but we decided we could make do with it. And my initial stake was 10,000 dollars. That's the most I ever owned of the company, and 10 of the 45,000, and I borrowed all of …”
Whole Foods Reopened 30 Days After 1981 Flood With Stakeholder Support
“There was a benefit held for the store, and the team members, they worked for free. Our bank loaned us money. On my signature, which was worthless. And the investors decided to kick in more cash. So we were able to reopen 30 days later.”
Whole Foods Sold 34% at an $8.5 Million Valuation in 1980s
“We sold 34% of the business for an eight and a half million dollar valuation. So about eight times our earnings or about I don't know, 20%, 15% of our sales.”
Mackey: Whole Foods was hit by a 100-year flood in May 1981
“Like nine months after we opened, this is now in May of 1981, Austin had the worst flood that it had had in about a hundred years. And our store was located in the hundred year floodplain.”
Mackey: Whole Foods went public in 1992 raising about $28 million
“We did go public back in 1992, and we raised about twenty eight million dollars.”
Mackey: Whole Foods was valued at about $100M at IPO
“Overnight we were worth about a hundred million when we went public.”
Mackey's First Store SaferWay Refused to Sell Sugar or Meat
“We didn't sell sugar. We didn't sell meat. We were selling real foods. We were selling bulk foods and produce”