October 2021 Issue
Days of Thunder: How Hagerty went from basement startup to public powerhouse
It's 1984, and Frank and Louise Hagerty are at wits’ end, unable to find solid insurance coverage for their prized wooden boats. So the married couple comes to a simple conclusion: If they need this kind of specialty insurance and can’t find it, then surely others are experiencing the same – and that means a market need.
Just like that, Hagerty Insurance is born – launched, in the tradition of classic startup stories, in the basement of the Hagerty family home, located on Old Mission Peninsula in Traverse City. Initially, the Hagertys focused only on insurance coverage for specialty boats. …
Built to Fail: The Inside Story of Blockbuster's Inevitable Bust
By Alan Payne
Reviewed by Chris Wendel
Alan Payne has an axe to grind. During the heyday of the video rental era, Payne operated perhaps the most successful Blockbuster Video franchise chain in the U.S. Unlike Blockbuster’s corporate owned stores, Payne had the autonomy to make many of his own business decisions, countering strategies made by Blockbuster corporation’s inept leadership.
Many of us remember when Blockbuster Video was the preeminent force in video rentals in …
Better Angels: Local angel investment group bounces back from pandemic disruptions
Like just about everything else, the world of angel investing got turned upside down by COVID-19.
Nineteen months into the pandemic, though, Traverse City’s own Northern Michigan Angels (NMA) has quietly found its groove. The organization has not only bounced back from a down year of investing in 2020, but is also seeking new members and sponsors, retooling its digital presence, and even searching for a new leader.
The TCBN touched base with NMA to …
'In No Way Was I Out of Gas': Four local retirees share their different post-career journeys
Retirement can take many forms. For some, it’s a never-ending vacation. For others, it’s the start of a second career. Many retirees use the extra time to focus on family. Many others use it as a chance to embrace lives of volunteerism and public service. In honor of October, which is National Retirement Security Month, the TCBN profiled four local retirees and the very different versions of retirement they are living.
Jim Milligan – The …