Wharton Alumni Magazine
Spring 2003
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Continued from previous page

West Coast Crepe King
Assaf Tarnopolsky, WG'00

Tarnopolsky, WG'00

When life handed him lemons, Assaf Tarnopolsky made crepes.

Tarnopolsky was living the fast-paced, jet-set, dot-com life as director of international development for the Industry Standard, the trade magazine of the Internet boom. It was Buenos Aires one day, Bangkok the next.

And then one day, it was over. Facing bankruptcy, Tarnopolsky and a few colleagues made a last-ditch effort to rescue the magazine.

"We had to have a deal consummated by the day we went to bankruptcy court," Tarnopolsky recalls. That day was Sept. 15, 2001. Four days after the terrorist attacks on the Pentagon and the World Trade Center, a defunct Internet business magazine had no takers.

Tarnopolsky endured a few "depressing" job interviews that fall. All they did, he says, was convince him that "the next great media job in my life was not going to be right around the corner."

So he turned to crepes. He had actually been making and selling them for a few months at farmers' markets in the San Francisco area, thanks to a bolt of inspiration that struck during a trip to Paris that summer.

In the French capital for a friend's wedding, Tarnopolsky's every meal came folded in a fluffy pancake. He simply could not get enough crepes. "I must have eaten five or six a day," he says. "I started thinking, this doesn't exist in the states, and they're so good! Why doesn't this exist in the states?"

When he got back to San Francisco, Tarnopolsky convinced his wife Nancy, WG'00, to let him buy an industrial crepe press for about $800. Before long, the two of them were peddling crepes on Saturdays and Sunday mornings.

"We were making our walking around money for the week and then some," Tarnopolsky says.

They were also having a blast. So Tarnopolsky decided to devote himself to crepes. He found a weird little kiosk in a park on the edge of San Francisco's financial district, an historic landmark from the 30s that had been saved as part of a skyscraper development deal.

Now the one-time new media titan was cracking 300 eggs at five every morning, and loving every minute of it.

"I feel like I'm in a position to really be successful. I own the majority of this company, and I think it's a concept that has a lot of potential," Tarnopolsky says.

Pretty soon it was time to expand. Thanks in part to the irresistible press appeal of a media titan turned crepe king (Tarnopolsky appeared on "Donahue," National Public Radio, CNBC, and all the local news shows; he also made the pages of The New York Times and The San Francisco Chronicle), it wasn't hard to find the financing he needed.

West Coast Crepe King now has two locations in San Francisco, and Tarnopolsky envisions up to four more in the next year.

"My long-term goal is to dominate the globe," Tarnopolsky says. "But for the time being," he adds, "the Bay Area and environs."

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