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Starbucks (with Howard Schultz) 

Acquired
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Starbucks. You’d be hard pressed to name any brand that’s more ubiquitous in the world today. With nearly half a billion global customer purchases per week across its stores and 3rd party retail channels, a significant portion of the human population gets their daily fix in the green and white paper cup. (Including our own Ben Gilbert who famously enjoys his daily spinach feta wrap. :)
But it wasn’t always this way. Long before the frappuccinos and the PSLs and the cake pops, Starbucks was just a small-time Seattle roaster that only sold beans - and was started not by Howard Schultz but rather the guys who later ran Peet’s (!). Starting from six tiny stores when Howard took over in 1987, this quirky coffee company named after a character from Moby Dick has scaled to nearly 40,000 locations worldwide.
Today, in a first for Acquired, the protagonist himself joins us as a third cohost to tell the whole story of Starbucks. And Howard is in the perfect moment to do this - after three separate stints as CEO he’s now retired, off the board of directors, and in his own words “not coming back.” So place a mobile order (or not! as you’ll hear Howard speak about), sit back with your own favorite Starbucks items, and enjoy.
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Links:
Howard’s letter “The Soul of a Brand”
/ howardschultz_the-soul...
Worldly Partners’ multi-decade Starbucks analysis
worldlypartners.com/starbucks/
Starbucks S-1
www.scribd.com/doc/11801030/S...
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Note: references to Fortune in ServiceNow sponsor sections are from Fortune ©2023. Used under license.
Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.

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3 июн 2024

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Комментарии : 146   
@TheVictoryDegree
@TheVictoryDegree 24 дня назад
These episodes are like reading an autobiography of sorts. Love it.
@alexvech
@alexvech 18 дней назад
better, he did not hold out anything
@privateequityguy
@privateequityguy 23 дня назад
I don't think we realize how lucky we are to have this podcast-styled interview with Howard Schultz
@Slaxsvo
@Slaxsvo 18 дней назад
I mean, it’s a niche channel and Schultz is a legend, so I’m sure the fans know.
@JakariBey
@JakariBey 9 дней назад
Asskisser
@troyjusthutz
@troyjusthutz 2 дня назад
I told everyone I know about this episode...My God it was an eye opener. So happy for Howard and his wife for continuing to stay the course despite what his father in law said and look today. The dream paid off. Wow 👍🏾
@samsambo
@samsambo 24 дня назад
Sam Stroum, mentioned in this episode, is the man Mary Gates had talk to her son, Bill, when he was thinking about dropping out of college. And, a bit of Seattle-area trivia, Stroum's former son-in-law owns University Village (an upscale outdoor mall).
@kartikmathur2018
@kartikmathur2018 12 дней назад
This podcast is absolute gold! What an amazing vision Howard had and the passion for his business is my biggest take away. Great work Tem Acquired.
@herul7788
@herul7788 22 дня назад
My note on this podcast: the only "culture" that you can export around the world is "luxury, lavish, prestige"
@foeppel
@foeppel 24 дня назад
This is incredible. Being able to involve the people that were there and doing it on video is amazing. I hope to see a lot more of this!
@JideLambo
@JideLambo 22 дня назад
Why did Starbucks work instantly in countries like Japan and the rest of the world? Truth is, America. Everybody outside, wanted to be part of the American culture and Starbucks was a huge representative.
@madhusharoff4372
@madhusharoff4372 13 дней назад
Absolutely so spot on! Most people get wrapped up in the beautiful story telling and forget to see what was happening around… You’ve mentioned a beautiful point here!
@folio1718
@folio1718 13 дней назад
Exactement 👍, vous êtes de quel pays ?
@Drackomass
@Drackomass 24 дня назад
Finally a video episode!
@christopherknight5526
@christopherknight5526 24 дня назад
Let’s go!!! Now I want a Starbucks.
@rasmakonnen8491
@rasmakonnen8491 24 дня назад
Amazing keep posting on RU-vid !!!
@sahejarora5303
@sahejarora5303 15 дней назад
I think we are not appreciating the hosts enough…what great questions man!!! Loved it!
@NivitaVerma
@NivitaVerma 6 дней назад
I have so much respect for Howard Schultz as a human being and a business leader - such a wonderful role model for entrepreneurs.
@lenglui8138
@lenglui8138 6 дней назад
one of the greatest podcasts ive ever seen. as a starbucks partner i now much better understand the company and its ideals. Howards ideas seem to always land and the company seems to go to shit without him
@ankdat08
@ankdat08 23 дня назад
This episode is one for the books. What an amazing leader. I wish we have more leaders like him!
@SchultzReport
@SchultzReport 22 дня назад
My dad loved this entire experience! Shout-out to acquired for the best pod in the game!!!
@devinsimmonz
@devinsimmonz 18 дней назад
How on earth I haven’t found this show before blows my mind 🤯 so incredible 👏 instant subscribe
@ishanmartins1539
@ishanmartins1539 5 дней назад
This is the first sit-down interview I've seen of you guys!!! It's been two years that I've listened to you guys while driving on Spotify. Thank you for this. Your pod has been inspirational to many like me. I hope to catch up with you guys soon in the States. All the best and thank you!
@dannyboisson4450
@dannyboisson4450 24 дня назад
Yes! More video episodes!!
@riochuong105
@riochuong105 6 дней назад
this is legendary story !! had to watch to the end
@Nykd14
@Nykd14 18 дней назад
what a great example of listening to your customers and iterating your business to meet their needs . amazing!
@LancasterBrandBuildingAcademy
@LancasterBrandBuildingAcademy 4 дня назад
My mum recently visited me in Thailand. And she ordered a Starbucks every morning she was here. It was her comfort away from home whilst visited an unfamiliar place. Really interesting to see.
@iwanirmawan7187
@iwanirmawan7187 2 дня назад
This video should have millions views. Great interviewers, great interviewee
@gclee4387
@gclee4387 23 дня назад
Really enjoyed the episode. Thanks for putting this one out for us.
@Viv8ldi
@Viv8ldi 22 дня назад
I love that starbucks offers healthcare to their partners
@livinthatlife
@livinthatlife 23 дня назад
Was glued to this. Thanks boys. As a Starbucks lover and entrepreneur was great to hear the story.
@karenscookingkorner
@karenscookingkorner 24 дня назад
I absolutely love your interviews, phenomenal job gentlemen!
@Unbedingt0815
@Unbedingt0815 22 дня назад
What a treasure chest of insider startup grind stories! Loved to listen to your podcasts but watching is even better with charismatic guests!
@jordanjackson7171
@jordanjackson7171 2 дня назад
this was incredible, thank you.
@wires__
@wires__ 16 дней назад
Fantastic episode. Please make many many more
@lemuhuru
@lemuhuru 18 дней назад
18:00 - 19:00. Also, born in NYC projects, got out, achieved JOB success but had to start my own company and take a larger shot. YBM vs OWM, similar beginnings ha. Very inspiring and motivational story.
@Ryan.G.Spalding
@Ryan.G.Spalding 24 дня назад
Heck yeah! Going to be a good gym session now!
@RobertVicencio
@RobertVicencio 7 дней назад
Amazing. Inspirational. Motivational. Thankyou
@englishroadcapital
@englishroadcapital 24 дня назад
Was waiting for the new interview.
@artistsandrebels
@artistsandrebels 17 часов назад
This was a masterclass in business, brand and strategy. Howard is so engaging and passionate, this was simply terrific. Such a meaningful and valuable interview.
@PickingNuggets
@PickingNuggets 19 дней назад
I looove this podcast ❤
@Stewart5225
@Stewart5225 21 день назад
Best Content on You Tube! Wow, you guys are pros
@diegoromero93
@diegoromero93 24 дня назад
This is great!
@tomcav
@tomcav 19 дней назад
This is too good
@stockscurrent
@stockscurrent 14 дней назад
Love it! I found it more interesting and delightful to watch than movies or biography
@MyMEDFITNESS
@MyMEDFITNESS 19 дней назад
Great episode guys. Thank for taking on the telling of Howard’s story!!
@Dreclipperhands
@Dreclipperhands 3 дня назад
Great interview 🙌🏼
@user-wj8pi5bj3k
@user-wj8pi5bj3k 20 дней назад
wow this is amazing. Great stuff guys!
@thisisdamola
@thisisdamola 24 дня назад
Pumped for a video episode. Let's Go !!!!
@jakewilliams388
@jakewilliams388 24 дня назад
The collab we didn't know we needed
@gkadkol
@gkadkol 5 дней назад
Great interaction, good questions, better open conversation. Australia debacle was not mentioned. One more stud episode from Acquired.
@TransistorPodcasting
@TransistorPodcasting 21 день назад
Amazing episode! 🙌 Howard is a great storyteller.
@MADMAX7330
@MADMAX7330 24 дня назад
Okay.. I'm craving Starbucks.. But then I also remember that its $7 + tips, so I'll just drink iced water instead 😢
@reaver9
@reaver9 21 день назад
+ you will be healthier
@X99Zero
@X99Zero 15 дней назад
Lol. You’ll never see me leave a tip somewhere where it’s expected.
@peanutbutterkong9362
@peanutbutterkong9362 24 дня назад
nice! thanks for uploading.
@sba_southafrica
@sba_southafrica 5 дней назад
What an enjoyable business masterclass!
@JaydonTobler
@JaydonTobler 17 дней назад
That 1988 shareholder/employee meeting: think we could get a link to that? Amazing to think there’s a meeting like that when they had just 11 stores.
@brunosavoca
@brunosavoca 22 дня назад
masterpiece ❤
@HesterLiong
@HesterLiong 10 дней назад
Great story and accomplishment by Howard. Great interviewers too. Enjoyed this one
@ShaharDagan
@ShaharDagan 24 дня назад
Legends
@user-zf2sl4jn6o
@user-zf2sl4jn6o 22 дня назад
Like that he’s always focused on Starbucks core business, which is a coffee company serving people. Every decision is looked through these lens
@davidlakhter
@davidlakhter 23 дня назад
awesome podcast!
@viktorbanczi9905
@viktorbanczi9905 6 дней назад
It would have a lot more views if the headline would be better. Great interview and thank you for providing this inspiration to us young founders.
@DanielThomasArgueta
@DanielThomasArgueta 23 дня назад
Get a cup of coffee and settle in. It's going to be a good one. ☕
@UAL320
@UAL320 15 дней назад
Howard did this interview to make it clear (if you read between the lines) that his interests in Starbucks have changed. He’s now made the pivot from being Starbucks management to being their most prominent activist investor. What matters now to him is stock price!
@technorohanworld
@technorohanworld 24 дня назад
BrillianT!!
@dustinhise
@dustinhise 14 дней назад
Loved the episode guys, Howard is an amazing human! 2:47:22 Howard you make me want to put in an application do you hire felons? 😂😂😂 David and Ben you guys are world class dudes and your research is insane. "How did you find that out" i was dead when Howard said that😂😂
@livinthatlife
@livinthatlife 23 дня назад
Starbucks also inadvertently became the biggest “coworking space” company in the world. Especially since Covid. Interesting part of the story / cultural evolution.
@2011hwalker
@2011hwalker 19 дней назад
Now many of their stores are a dump. I choose local coffee shops now 100%. They generally have better baristas and the employees care about the store.
@agentsmittie
@agentsmittie 20 дней назад
What turntable is Howard using? How about the rest of his stereo setup?
@johnnash1527
@johnnash1527 6 дней назад
Howard talks about culture but that left a long time ago. Pink drinks for young kids is the new model .
@alexandermagic1815
@alexandermagic1815 8 дней назад
Wow what a greta interview.
@landonkutschkau170
@landonkutschkau170 24 дня назад
They better ask about the Sonics!
@twooften
@twooften 7 дней назад
Kevin Costner did an excellent job in that interview.
@CuriosityCollective_
@CuriosityCollective_ 24 дня назад
Howie saying he’d like to believe Starbucks success isn’t based on caffeine being an addictive substance lol
@arjunkaushik1981
@arjunkaushik1981 24 дня назад
wonderful concept love from india
@99CaNdYfLiP99
@99CaNdYfLiP99 19 дней назад
3:19 how long, do you want in intro to be?
@kiranp2218
@kiranp2218 17 дней назад
Chills man... All those things that seems obvious are not. What a guy!
@randlejackson3710
@randlejackson3710 10 дней назад
great content! Howard Schultz said it all at 3:12:25
@herul7788
@herul7788 23 дня назад
Greatt!
@tze-liangfoo7806
@tze-liangfoo7806 22 дня назад
This is MBA material! ❤❤❤
@barriehep1759
@barriehep1759 22 дня назад
Acquired - *even better* with video!!
@kartikaggarwal5811
@kartikaggarwal5811 23 дня назад
Differentiation through experience and high quality arabica coffee. No to cost leadership. That’s Howard Schultz strategy to build Starbucks and that’s the soul of Starbucks.
@dudea3378
@dudea3378 23 дня назад
Starbucks? High quality Arabica? 😂
@psychedlife197
@psychedlife197 23 дня назад
Timestamps please
@InstituteForAITransformation
@InstituteForAITransformation 20 дней назад
Great pod
@sampleray7326
@sampleray7326 21 день назад
it is really good
@99CaNdYfLiP99
@99CaNdYfLiP99 19 дней назад
4:39 minutes, intro..... Wow.....
@TheWarhoop
@TheWarhoop 24 дня назад
Even more amazing than the Starbuck's story is the fact that I'm watching a RU-vid just hours after being published instead of years. Kinda scary to feel so up-to-date... hold me... Edit: I was just informed that me watching a current YT video is in fact not as amazing as the Starbuck's story. I apologize to everyone that might've gotten a thrill from my revelation.
@MatthewMS.
@MatthewMS. 12 дней назад
My Gawd, bro knows how tell an effing story
@andrelane9263
@andrelane9263 16 дней назад
YET AGAIN AMAZING STRATEGY, I WOULD DEFINITELY LIKE TO TRY IN MY ACCOUNT
@jacobmowen930
@jacobmowen930 23 дня назад
Please do an episode on H-E-B
@PeachGardenOath
@PeachGardenOath 24 дня назад
2:08:25 was that a shot at the current management team?
@bruceangel4459
@bruceangel4459 22 дня назад
Daily brisk walking is a competitive advantage and a superpower.
@Jeff-312
@Jeff-312 23 дня назад
I’m shocked there aren’t any white or clear Starbucks cups in these shots. Awesome interview though!
@jimgraves665
@jimgraves665 24 дня назад
thumbs up
@reaver9
@reaver9 21 день назад
He wrote the letter cause every CEO after him is considered to be a baby who needs dad's help. If you say that external factors caused the slump then leave the main guy to manage on his own.
@Venkata_CV
@Venkata_CV 18 дней назад
Xlnt founder insights. The question abt the novelty of a barista v/s one who flips burgers is fantastic. Do challenge the guests more and ask more tuff questions to elicit deeper insights.
@ToutPourSaGloire
@ToutPourSaGloire 21 день назад
Hey guys, regarding the Starbucks app, I didn't get the second advantage of the economic of the app mentioned around 2:07:55 about not paying VISA. Doesn't Apple take a massive cut for app purchases?
@tebe652_
@tebe652_ 19 дней назад
Apple doesn't charge any fee on physical products (Uber, Airbnb, Amazon, Starbucks...). Apple charges a fee on digital goods (movies, eBooks, game coins, etc.). It would be crazy if Apple took 30% of Uber's revenue, for example. However, Apple does charge a fee to payment networks for using Apple Pay.
@ToutPourSaGloire
@ToutPourSaGloire 18 дней назад
@@tebe652_ Thanks. As a company who sells digital products, I feel even them taking 30% on digital is crazy. ;) But other question: don't gift cards count as digital products?
@husnucoban3571
@husnucoban3571 2 дня назад
amazing video! please fix the focus on your camera
@coolriffs.
@coolriffs. 4 дня назад
1:37:50 Starbucks in China 1:38:55 Belinda Wong story
@ALLS111
@ALLS111 2 дня назад
Boycut 👍👍
@luisantoniosilva5559
@luisantoniosilva5559 3 дня назад
FIFA, UN, Starbucks, Coca - Cola
@TTrq01
@TTrq01 3 дня назад
Folks, what a fascinating “inside baseball” account of how today’s Starbucks came to be. I hope Starbucks can get their mojo back after their missteps in the last five years.
@TafadzwaSango-Moyo
@TafadzwaSango-Moyo 20 дней назад
Great Content Gents Key Take aways Market Penetration: Starbucks as an experience business has focused on expanding its existing coffee/beverage market presence by opening more retail stores and outlets globally. Having "nearly half a billion global customer purchases per week" across its stores and third-party channels. This suggests Starbucks is focused on penetrating and growing its share within existing coffee/beverage markets. Product Development: However, the company's ability to maintain its position as a "coffee forward" suggests it may be innovating and developing new product variations to meet evolving customer preferences.
@UAL320
@UAL320 16 дней назад
I think it’s fair to say the “third place” concept is completely dead in United States stores. With the popularity of the mobile app and drive thru locations I’m trying to figure out if that might actually be what the American consumer wants. I know I DON’T want that. I’m a little sickened every time I go into a sterile newly remodeled store with no seating and no place to socialize. Howard appears to also be bemoaning what the stores have become. As he says, it’s out of his hands now…..
@DaveNash
@DaveNash 4 дня назад
good analysis. the issue is americans just use it on the way to work
@ThePixelize
@ThePixelize 5 дней назад
Fantastic episode! "That Starbucks becomes transactional." I do think it's become like that already. Nothing cool about Starbucks anymore, I'm afraid. It's exactly like McDonalds. I think the cool kids have all moved to locally owned, small Barista speciality shops.
@aidankennedy9686
@aidankennedy9686 8 дней назад
Great episode. Though my mind is blown that the number one beverage in Starbucks Italy is espresso. Schultz attributes that to the superior quality of Starbucks coffee, but to my mind, Starbucks espresso (on its own as opposed in a creamy/sugary drink) is actually pretty poor. It’s better than filter coffee, but worse than an espresso at basically any average cafe in Italy/France. And the kicker is the espresso it’s more expensive to boot. Do people come for the espresso? Or do espresso drinkers come for a chill place to sit with free wifi?
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