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by Kevin Coupe

Time has an interview with actor Patrick Dempsey, who plays the doctor nicknamed "McDreamy" on "Grey's Anatomy," but who more recently has become better known for leading an investor group that outbid Starbucks to acquire the bankrupt Tully's coffee chain.

Some excerpts...

Why he did it... "I always wanted to have a business, and I thought Tully’s would be a great opportunity. It’s a nice challenge. It’s different. And it’s an excuse to go and spend more time in Seattle. It takes the pressure off my day job so I can go and do something else if I want to ... I think being an actor is very much like running your own business. You’re running a private business. I don’t have all the answers. But I know enough to get the right people that do. I’ll make some mistakes, and I’ll learn from them. And, you know, I have a passion towards this. Hopefully that will attract the right people to make it happen."

Tully's problems... "I think obviously mismanagement is one. Overexpansion. And I think confusion on the message of what they wanted to do. I think they were trying to compete too aggressively with Starbucks. Tully’s could never decide where it wanted to be positioned in the marketplace. They had no clear vision. Tully’s was too myopic in focusing on Starbucks, and the company’s strategy of opening a store across the street from every Starbucks was flawed from the start. The company expanded too quickly and got way beyond the tips of their skis ... We will take a more measured approach. We have no desire to be Starbucks. We want to appeal to consumers that do not want Starbucks. I think there’s a great opportunity for expansion. But I think you have to stabilize what you already have and understand that model first before you can go on."

How much coffee he drinks... "I drink quite a bit ... Probably about six to 10 cups ... But now I’m drinking more because I’m trying different beans out. And I really want to be certified as a barista."

Just in case, I suppose, the day job falls apart.

You can read the whole piece here.
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