Effectual Entrepreneurship, Third Edition
Practically Speaking
The Unlikely Story of Freitag
Two brothers make hip bags out of old truck covers, reducing waste, making an environmental fashion statement, and generating worldwide sales.
Entrepreneurs: Markus & Daniel Freitag
Entity: Freitag
Country: Switzerland
Page 86 in
Chapter 6 Prediction, Risk, and Uncertainty (pp. 79-96)
"In Zurich, Switzerland, Markus and Daniel Freitag started thinking about a new business from their apartment overlooking the main Zurich truck route at Hardbriicke. Dissatisfied with the durability of available bicycle messenger bags, the pair wanted to create a heavy-duty, water-repellent product. So, in 1993 they started prototyping bags and formed Freitag AG. But instead of sourcing the latest high-tech materials, they formed bags from used truck tarpaulins, using second-hand car seatbelts as straps and used bicycle inner tubes for edging. "
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Video Resources
References & Links
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- 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