He Turned $1,000 into Billions. Here's How
40,000 Locations and Counting
Why Wait Years for Returns? Private Credit Can Pay Monthly.
High yield used to mean locking up your money for years. With Percent, accredited investors can access private credit deals that pay monthly - with average durations under 10 months and potential yields up to 20%.
In volatile markets, control matters. Percent empowers accredited investors to take the reins, allowing you to browse curated offerings and choose deals that match your yield goals, time horizon, and risk appetite. Take charge of your portfolio’s risk-return profile.
Ambition Chronicles readers who sign up can get up to a $500 bonus on their first investment.
Start Earning on Your Timeline
Fred DeLuca was born on 3 October 1947.
After graduating from high school, he was looking for a way to help pay for his college tuition.
He turned to a family friend, Dr. Peter Buck, who suggested he start a sandwich shop. He lent him $1000 and Fred opened ‘Pete’s Submarines’.
Soon after, he opened another store, and changed the name to Subway. He graduated from University of Bridgeport then focused solely on Subway.
At 27 he began franchising, followed by the introduction of the BMT Sandwich, the 6 inch sandwich and freshly baked bread.
At 43, he opened the 5000th store.
Two decades later, in his sixties, Subway had over 40,000 stores.
Sadly, he died on 14 September 2015 after a battle with leukemia.
In 2023, Subway was sold for $9.6b.
One Lesson from Fred DeLuca
Thinking Small is OK initially.
Fred only wanted to pay for his college tuition. Nothing more, nothing less.
His first shop was struggling yet instead of giving up, DeLuca opened a second location believing the visibility would drive more business. He was right.
But his eyes were still on one prize — college tuiton.
He did not set out to create a global franchise bigger than McDonalds.
Entrepreneurs today set out to ‘change the world’, ‘make a billion dollars’, or build a ‘unicorn’ way too often.
Start small. One step at a time. Make it easy to achieve.
Thanks. I needed to hear this.