Jens Molbak is the founder of Coinstar (CSTR), the self-service coin counting machines you see in your local supermarket. Coinstar processes more coins each year than the US Mint produces. When Coinstar installed their pilot kiosks in Los Angeles, they so significantly impacted the velocity of money flowing through the hands of consumers, the Federal Reserve called them up to find out what they were doing. Prior to launching, Jens surveyed over 1500 people as they exited local supermarkets. From his research, he estimated US households were sitting on $8 billion in loose change. The market opportunity was enormous, but Jens was equally motivated to prove that public, private and non-profit benefits can exist in one organization. Download the mp3 to hear how he did it.

 

 Why the Fed called Coinstar when they launched their pilot kiosks and the impact it had on the US money supply [1:59m]: Play Now | Play in Popup | Download (71)

 

 What motivated Jens Molbak to start Coinstar [2:54m]: Play Now | Play in Popup | Download (10)

 

 Jens Molbak's advice for entrepreneurs [2:44m]: Play Now | Play in Popup | Download (71)

 

 How Jens Molbak went from having a great idea to starting a great company [3:42m]: Play Now | Play in Popup | Download (7)

 

 Full interview with Coinstar founder Jens Molbak [25:42m]: Play Now | Play in Popup | Download (157)