Our September guest was Gregg Kaplan, founder of Redbox. Gregg is famous for the demise of Blockbuster and the video rental business after renting new release DVDs out of a red kiosk in front of areas of high foot traffic. Redbox coined the term “automated retail” and runs over 42,000 kiosks in North America today.
In this edition of Chicago Founders’ Stories, we heard the incredible story of Redbox’s success in front of a sold-out audience, as well as Gregg’s background in what led him to be an entrepreneur.
Don’t miss Gregg talking about how this disruptive idea came from working at McDonalds and how he was able to spin it out into the fastest-growing company to reach $1 billion in sales.
Read the full article on Cooler by the Lake or watch the video below:
[video:https://www.youtube.com/watch?v=9o9r_6cPcwE]
Pat Ryan is a 2x digital entrepreneur and a 3x social entrepreneur, co-lead investor in Chicago Ventures, creator and host of Chicago Founders’ Stories @1871 in Chicago. Learn more or follow him on Twitter @PatRyanChicago.
