How a legendary entrepreneur sold his superstore to Barnes and Noble for $40M – with Gary Hoover

Gary Hoover, The Spark, Customer Acquisition, Physical Product, Sell Your Business

Today’s guest is a legendary entrepreneur.

In 1982 Gary Hoover pioneered the book superstore when he founded Bookstop. Barnes & Noble acquired it in 1989 and it’s said that they got the know-how and infrastructure to create the bookselling goliath from what it learned from Bookstop.

He followed that up by creating Hoovers, whose database of millions of companies went public and was later sold to Dun & Bradstreet.

Today he’s running The Spark. The Spark is the first interactive and immersive new-era “museum” of innovation combined with a “year-round world’s fair of ideas.”

Gary Hoover

The Spark

Gary Hoover was the founder and CEO of Bookstop which was the first chain of book superstores that was later purchased by Barnes and Noble.

Andrew: Hey there, freedom fighters. My name is Andrew Warner. I’m the founder of Mixergy.com, home of the ambitious upstart. You know, this is a place where I decided years ago I wanted to interview the top entrepreneurs about how they built their businesses. I want to dissect their process. I want to learn as much as a can and have you, the person who’s listening to me, learn along with me.

Today I’ve got a legendary entrepreneur with me. In 1982 he pioneered the book superstore when he founded Bookstop. Barnes & Noble later acquired it in 1989 and it’s said to have gotten the know-how and infrastructure to create the bookselling goliath from what it learned from Bookstop.

He followed that up by creating Hoover’s, whose database of millions of companies, well, frankly, I remember reading when I was in school. It was one of the first things I was asked to check out when I went to business classes at NYU. Hoover’s went public...

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