Stephen Spinelli

Stephen Spinelli, Jr. began his entrepreneurial career two years after graduating from Western Maryland College (now McDaniel College) in 1977 with a B.A. in economics. He co-founded Jiffy Lube International, Inc. in 1979. The Jiffy Lube team believed that rapid growth was essential to success in the newly created "quick lube" business and focused their efforts on franchising. Three years later, Spinelli left the founding management team to become a franchisee. He remained a director of the company. Ultimately, he became Jiffy Lube's largest franchisee, with stores in Massachusetts, Connecticut, and New York. Thirteen years after founding Jiffy Lube, Spinelli sold his founding shares in the franchiser and his franchised stores to pursue a career in academia. [+]