During the time they were drawing up business plans for the bookstore, a neighbor in Louis's apartment building on Boylston Street was burglarized in the middle of the night. The brothers decided Boston was too fast for them-they needed a more manageable city for their little enterprise.
After discussing the enterprise name for many long weeks, they decided to launch "Borders Book Shop" on a very modest scale, quietly and out of the limelight, in Ann Arbor. No employees. Not a corporate venture. Barely a business.
That same week, Tom and Louis heard about a major estate auction to be held in Boston, with thousands of books as part of the sale. They planned to commit a good part of their capital, up to $3,000, to buy inventory there.
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