McCabe Callahan, founder of Mugs Coffee Lounge and Community Funded, describes how customer contributions funded his coffee shop expansion, sparking the idea for his crowdfunding company.
0:00 / 0:22exact quote · 22.9s
720p mp4 · rendered on demand · StarZero watermark
“I had given up. I was not going to expand. I was just going to focus on my singular shop. And I was telling my story to one of my customers that came in on a regular basis. And he basically said, well, I want to see another mugs in town. I'll chip in some money. Another customer heard about that. Another customer all of a sudden had two handfuls of customers all chipping in money to help me open this new coffee shop. And that's how that new shop came to fruition.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from McCabe Callahan
Insight
Callahan: Coffee and alcohol are two recession-proof businesses
“Coffee, alcohol, man. Those are the two recession proof businesses.”
McCabe CallahanApr 1, 2017▶ 6:50EP 616: His Coffee Shops Do $1.8M But His Crowdfunding Platform is More Impressive With $550k 2016 Revenue on 486 Projects With $2.5M Funded with CEO McCabe Callahan
Disclosure
Callahan carried up to $700k in debt in his mid-20s
“At 24, 25 years old, I was probably sitting on 650 to 700,000 dollars in debt and not making very much money at all.”
McCabe CallahanApr 1, 2017▶ 5:33EP 616: His Coffee Shops Do $1.8M But His Crowdfunding Platform is More Impressive With $550k 2016 Revenue on 486 Projects With $2.5M Funded with CEO McCabe Callahan
PredictionNot checkable as stated
Callahan: Community Funded projects $1.2M in 2017 revenue
“Right now we're projecting 1.2 million dollars in revenue this year.”
McCabe CallahanApr 1, 2017▶ 14:55EP 616: His Coffee Shops Do $1.8M But His Crowdfunding Platform is More Impressive With $550k 2016 Revenue on 486 Projects With $2.5M Funded with CEO McCabe Callahan
AssertionNot checkable as stated
Community Funded facilitated $2.5M across 460 crowdfunding projects in 2016
“2016 for, you know, just over about 460 projects, we ended up raising about two and a half million dollars.”
McCabe CallahanApr 1, 2017▶ 15:55EP 616: His Coffee Shops Do $1.8M But His Crowdfunding Platform is More Impressive With $550k 2016 Revenue on 486 Projects With $2.5M Funded with CEO McCabe Callahan
AssertionNot checkable as stated
Callahan: Community Funded generated $550k in 2016 revenue
“Oh, 550,000.”
McCabe CallahanApr 1, 2017▶ 16:04EP 616: His Coffee Shops Do $1.8M But His Crowdfunding Platform is More Impressive With $550k 2016 Revenue on 486 Projects With $2.5M Funded with CEO McCabe Callahan
Disclosure
McCabe Callahan operated five coffee shops and a bar by age 24
“By the time I was 24, I had five coffee shops and a bar rolling in this area.”
McCabe CallahanApr 1, 2017▶ 4:04EP 616: His Coffee Shops Do $1.8M But His Crowdfunding Platform is More Impressive With $550k 2016 Revenue on 486 Projects With $2.5M Funded with CEO McCabe Callahan
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 2,600 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.
