Trader Joe’s Founder Risked Everything
Tweet · May 30, 2025
I’m not saying that you need to be over leveraged, but at some point, you have to bet on yourself in someway.
The founder of Trader Joe’s, Joe Coulombe, drained his savings, sold his house and got loans from his grandmother and dad to buy 7 market locations that later turned into Trader Joes.
Without that bet, the grocery industry would look totally different today.