Links (and laughs?) for June 24

A few links to help you waste time this Friday...

Entrepreneur has a long article on Stumptown founder Duane Sorenson in its latest issue. link

If you are interested in coffee, social media, website design and driving traffic, you might read the following story from the New York Times. The Times “You’re the Boss” blog explores why a company in Colorado isn’t getting much traffic. I bet it gets a lot this week…link

Kitsap County, Washington, has become a popular place for topless espresso stands, but that might change soon thanks to proposed regulation. One of the proposals is to limit all patrons of the kiosks to people over 18. link

In other news, every sophomore and junior boy in the Kitsap high schools just threatened to never drink coffee again…

The latest hotbed for quality coffee is. . . . Detroit? Apparently. link

The Seattle Times’ Melissa Allison details the resurgence of Starbucks in a recent post. link

This next link is only a press release, but if I were opening a coffee shop, I would have to look into selling “Weasel Premium Coffee” (if only for the name). I mean, who doesn’t “love their weasel?” link

If you are worried about a caffeine addiction (or even if you aren’t worried), you might watch this video about the history and benefits of coffee consumption. link

The best quote from an article in the Christian Science Monitor about coffee prices comes from a coffee roaster, who hopes that “somebody is going to lose their shirt” by speculating on coffee futures. link

Speaking of coffee prices, coffee consumption in China is expected to increase 15-20% each year. The average Chinese consumer drinks three cups of coffee per year, which means that the country has along way to go before it reaches the average of 240 cups per year. As consumption increases, so will the competition for beans. link

And finally, from Southeast Portland, some woodshop humor:

Everybody could use a free hole...

Caffeinated links for June 3, 2011

Here are the links for the week. They come with lots of sunshine and warm weather (hooray!), so enjoy:

From the legal department: a woman is suing Dunkin’ Donuts for putting sugar in her coffee. A legal liaison for DD was quoted as saying: "If you fail to request a sugar substitute, we can't read your mind. We sell doughnuts, not crystal balls." Ouch. link

Groupon, who filed paperwork this week for a $750 million IPO, had better look out. Google Offers debuted this week with a successful sale of over 1600 $10-vouchers (at a price of $3) for Portland’s own Floyd’s Coffee. Floyd’s is known for having outlets at all its tables, as well as serving Stumptown Coffee. link

Speaking of Stumptown—in case you missed it, here’s the NY Times article about the PDX-based coffee roaster’s expansion plans. link

On the same day that he published the rumor about Stumptown’s alleged sale to TSG, La Colombe’s Todd Carmichael was the subject of a feature in the Philadelphia Inquirer. La Colombe is investing in the revival of the Hatian coffee industry. link

In a contrarian move, Nectar of Life is lowering the prices for its Coffee of the Month club. link

McDonald’s, the coffee giant (what, you didn’t know?), is apologizing to Australians for the sorry state of the coffee the chain serves and is promising to do better. link

Another one from the legal department: Peet’s is being sued by Aegis, its development partner for the New York City market, who claims that Peet’s is trying to cut it out of the deals it had secured for the coffee company. link

Sumitomo Metal is going to buy used coffee grounds to fuel one of its power plants in Japan. The company isn’t going to use a lot, mixing 1% coffee with 99% coal, but it’s a start. link

Coffee juice, anyone? Coffee fruit flavor might be the next new fad in the cold beverage market. link

And finally:

Beginning August 1^st, if you visit the Oregon Convention Center, you will be able to drink coffee at Portland Roasting Coffee’s first signature café. The venue dropped Starbucks and switched to the Portland company because of Portland Roasting’s commitment to sustainability. link

Coffee, Rumor and Innuendo

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Last Friday, I posted a link to what I said was a sign of the impending rapture—that Stumptown Coffee was in negotiations to be bought out by Starbucks. There was absolutely no truth to the rumor whatsoever, so you can imagine the surprise I felt today when I went online to read the latest coffee news and one of the first things to come up was a story claiming that Stumptown had been sold (though not to Starbucks).

Todd Carmichael, the founder of LaCombe Torrefaction, an East Coast-based coffee company, wrote an article for Esquire that Stumptown’s Duane Sorenson had “sold his life’s work to the highest bidder.” Needless to say, this caused quite a stir in the coffee blogosphere and Twittersphere. Could it really be that Stumptown, Portland’s most famous coffee company who seemed to be everything but corporate, could be ‘selling out?’ What would that mean for Portlanders who cannot stand the idea of supporting a “corporate” coffee company? The idea seemed an anathema to many people.

There were several reasons to be skeptical about the article’s accuracy. Carmichael likes to make fun of the hipster coffee culture, as evidenced by this article, so it is not surprising that he took a shot at Stumptown. Also, the tone of the article and lack of evidence in it, lead one to believe that Carmichael, whose company is a direct competitor to Stumptown, does not like the fact that Stumptown is expanding on the East Coast and was looking for a way to give his rival some bad publicity among the anti-corporate crowd.

In response to the news, Willamette Weekly dug up a document showing that Stumptown Coffee Corporation, which is a separate entity from Stumptown Coffee Roasters, did apply for an  amendment to authority with the Oregon Secretary of State at the end of April. The new agent for the company is Alexander Panos, a managing director at TSG Consumer Partners, a private equity firm based in New York. In other words, there was a small bit of evidence behind the rumors.

However, the document does not address any questions about any relationship between Stumptown and TSG. It is impossible to tell from that document what Stumptown’s plans are, and Carmichael’s speculation is premature, unless he has other information. Esquire, if it wants to be taken seriously, needs to make sure there is more evidence before an article like this is published, especially when the author has a financial stake in a rival company.

Update: In the latest news this afternoon, also from the Willamette Weekly, Stumptown responded to the article, saying that it did open itself up to some outside investment to help fund its expansion, but that Duane Sorenson, Stumptown’s founder, is still in charge. Therefore, Portlanders can relax—Stumptown has not sold out. You do not have to worry about losing another local chain to corporate America.

Update 2 (June 2): Stumptown did allow for some investment by Panos (Sorenson still controls the company) and the plan is to expand into Chicago and San Francisco. The NY Times has the story here.

Update 3 (June 6): Willamette Weekly is today reporting that Stumptown sold 90% of the company to TSG, though it seems like the source is Carmichael. It's hard to know what to believe. . . You can read the story here.

My question is, if Stumptown had sold out, so what? It is Sorenson’s company, after all, and the last time I checked, we still live in the USA, where capitalism is the economic system. If someone wants to build a company and sell it so that he or she can fulfill other dreams, that should be his or her right. There is nothing especially noble about starting a company and staying with it until you die. Times and people change—we have to accept it. Unless, of course, the news is just a rumor or a blogger’s attempt to be funny.