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Coffee buzz paid off for Greycroft's Lipsher

Published September 29, 2009 at 9:36 AM
A java jolt has helped many a student through an all-nighter, but for Greycroft Partners' Drew Lipsher, coffee played a significant role in underwriting his business school education.



At the recent Shake Shack II party, Lipsher told The Deal's Mary Kathleen Flynn that he met Starbucks Corp. (NASDAQ:SBUX) founder Howard Schultz in 1991 at Kellogg's Entrepreneur Club and noticed immediately that the entrepreneur had the process of launching a Starbucks cafe "down to a science." During the summer between his first and second years, Lipsher "scraped together every penny I could so that I could buy shares in Starbucks when it went public in 1992." The move paid off for Lipsher, an obsessive coffee guzzler who prefers the Dunkin' Donuts brand. When he got his M.B.A., he was debt-free. Watch the video above or download it on iTunes. - Maria Woehr and Mary Kathleen Flynn

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