Effectual Entrepreneurship, Third Edition
Practically Speaking
Augusto Teodoro: Love at First Loss
Despite finishing last in his first race, this man kept running, influencing countless others to become healthier through sports.
Entrepreneur: Augusto Teodoro
Country: Brazil
Pages 361-362 in
Chapter 21 Brand as Venture Identity: Marketing You (pp. 357 to 373)
Co-Creators: Edmilson Lima and Rose Mary Almeida Lopes
"What would you do when you finish last in the first race you run? And you are in terrible pain? Maybe quietly move to another sport? Grimly persist to beat the odds? Or simply fall in love with the sport that humiliated and injured you? Surprisingly, that's what the now successful sports entrepreneur and torchbearer for the 2016 Olympic Games in Rio de Janeiro, Augusto Teodoro did— fall in love.
Losing Odds
Augusto had a difficult start. Coming from a poor family, he started working menial jobs early to support his family and save money for university studies. When he finished last in a 6-kilometer race, Augusto fell in love with the sport and decided to study physical education."
Under Construction: Join Us in Co-Creation!

Video Resources
References & Links
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- Howard Schultz. (n.d.-a). Schultz Family Foundation. Retrieved April 20, 2025, from https://schultzfamilyfoundation.org/team-member/howard-schultz/
- Howard Schultz. (n.d.-b). Forbes. Retrieved April 20, 2025, from https://www.forbes.com/profile/howard-schultz/
- Howard Schultz. (2025). In Wikipedia. https://en.wikipedia.org/w/index.php?title=Howard_Schultz&oldid=1285405168
- Howard Schultz: An Overview of the Entrepreneur’s Career - 2025. (n.d.-c). MasterClass. Retrieved April 20, 2025, from https://www.masterclass.com/articles/howard-schultz-life-and-career
- hpeiper. (2018, September 4). Schultz to young entrepreneurs: ‘It can happen for you’. Starbucks Stories EMEA. https://stories.starbucks.com/emea/stories/2018/bocconni-university/
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- Starbucks’s Howard Schultz: From Coffee Entrepreneur to Three-Time CEO. (n.d.). WSJ. Retrieved April 20, 2025, from https://www.wsj.com/story/starbuckss-howard-schultz-from-coffee-entrepreneur-to-three-time-ceo-439768fc
- Taylor, K. (2017, December 13). From Brooklyn to Billionaire: The Story of How Howard Schultz Transformed Starbucks Into an $84 Billion Business. Inc. https://www.inc.com/business-insider/howard-schultz-chairman-former-ceo-starbucks-successful-billionaire-coffee.html
- The Man Behind Starbucks Reveals How He Changed the World—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=LnA7n9qSB7E&t=255s
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